YOUR SECOND FAMILY

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

ADAM RHODES

Phone

2168200718

Tax Period

2023-01-01 to 2023-12-31

YOUR SECOND FAMILY, founded in 2011, is a small nonprofit in the Human Services sector that reported $177K in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum.

Mission

YOUR SECOND FAMILY SERVES NORTHEAST OHIO BY PROVIDING ADULT DAY CARE SERVICES. YOUR SECOND FAMILY PROVIDES CARE AND COMPANIONSHIP TO SENIORS OR OTHER ADULTS WHO NEED ASSISTANCE OR SUPERVISION DURING THE DAY OR EVENING OR OVERNIGHT HOURS.

Program Service Accomplishments

Program 1

DAY CARE SERVICES WILL PROVIDE CARE TO INDIVIDUALS WHO HAVE SUFFERED STROKES, MEMORY LOSS, DEMENTIA, PHYSICAL DISABILITY OR LIMITATIONS AND OR VISUAL PROBLEMS. YOUR SECOND FAMILYS GOAL IS TO PROVIDE A PLACE WHERE SENIORS CAN SOCIALIZE AND PARTICIPATE IN ACTIVITIES WHILE IN A SAFE, SUPERVISED ENVIRONMENT, AS WELL AS MEET DAILY LIVING NEEDS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $53,333

Program Service Revenue $124,119

Investment Income $0

Other Revenue $0

TOTAL REVENUE $177,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,331

Fundraising Expenses $0

Program Expenses $0

Other Expenses $86,876

TOTAL EXPENSES $177,207

Year-over-Year Comparison

	2023	2022	Change
Revenue	$177,452	$108,087	+0.6%
Expenses	$177,207	$124,188	+0.4%
Net Income	$245	$-16,101	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM RHODES	TREASURER	10	Director	$0	$0	$0
KEITH BALSKI	VICE PRESIDENT	10	Director	$0	$0	$0
JOHN EHRLEY	PRESIDENT	10	Director	$0	$0	$0
ROB ALBERT	SECRETARY	10	Director	$0	$0	$0
MEGAN ERSKINE	CAREGIVER	40	Highest	$27,900	$0	$27,900

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$177,452	$177,207	$8,291	$245
2022	$108,087	$124,188	$8,046	$-16,101
2021	$96,176	$91,773	$24,147	$4,403