PASSAIC FAMILY HEAD START INC

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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

2002

Legal Domicile

Principal Officer

LILLIAN RAMOS

Phone

9733655808

Tax Period

2024-07-01 to 2025-06-30

PASSAIC FAMILY HEAD START INC, founded in 2002, is a community nonprofit in the Human Services sector that reported $4.7M in total revenue in fiscal year 2024.

Mission

To provide preschool education and supporting serivces for children and families.

Program Service Accomplishments

Program 1

Expenses: $3,499,986

Provided fully enrolled, early childhood education services to approximately 200 children under the guidelines of the Federal Head Start program and N.J. Dept. of Education Abott Early Childhodd...

Provided fully enrolled, early childhood education services to approximately 200 children under the guidelines of the Federal Head Start program and N.J. Dept. of Education Abott Early Childhodd Education Program.

Program 2

Expenses: $233,115

Provided breakfast, lunch, and afternoon snacks to children enrolled in preschool programs. This program is funded by the U.S. Dept. of Agrigulture, Child and Adult Care food Program. Also provided...

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,724,937

Program Service Revenue $0

Investment Income $0

Other Revenue $112

TOTAL REVENUE $4,725,049

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,386,837

Fundraising Expenses $101,195

Program Expenses $3,733,101

Other Expenses $1,252,529

TOTAL EXPENSES $4,639,366

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,725,049	$4,911,195	0.0%
Expenses	$4,639,366	$4,728,930	0.0%
Net Income	$85,683	$182,265	-0.5%

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

$233,189

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEWIE SOAIVAN	BOARD PRESIDENT	3	Officer Director	$0	$0	$0
CAROL MILLER ROSSMER	BOARD SECRETARY EDUCATION	2	Officer Director	$0	$0	$0
MEILSSA BARALT	TRUSTEE	1	Director	$0	$0	$0
ERWIN IZEPPI	BOARD TREASURER	2	Director	$0	$0	$0
THEODORE E KYLES JR ESQ	TRUSTEE ATTORNEY	1	Director	$0	$0	$0
MARIBEL ROMAN	TRUSTEE FINANCE	1	Director	$0	$0	$0
ANTHONY ROSA	BOARD VICE PRESIDENT	2	Director	$0	$0	$0
MILDRED TORRES	TRUSTEE	1	Director	$0	$0	$0
LILLIAN RAMOS PHD	EXECUTIVE DIRECTOR	40	Key Emp Highest	$133,182	$0	$133,182
TARA JONES	PROGRAM DIRECTOR	40	Key Emp	$100,007	$0	$100,007
DAIRYS RICHARDSON	TRUSTEE	1	Director	$0	$0	$0

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
2025	$4,725,049	$4,639,366	$3,669,562	$85,683
2024	$4,911,195	$4,728,930	$3,581,845	$182,265
2023	$4,808,714	$4,697,922	$3,865,768	$110,792
2022	$4,824,849	$4,681,200	$3,488,913	$143,649
2021	$4,551,193	$4,546,494	$3,731,459	$4,699
2020	$4,186,364	$4,174,959	$3,815,037	$11,405
2019	$4,254,063	$4,179,260	$3,695,451	$74,803
2018	$4,307,260	$4,238,746	$3,729,220	$68,514