FOREVER FAMILIES INC

EIN: 311623965 501(c)(3) Religion

KNOXVILLE, TN

Total Revenue
$381,045
Total Expenses
$556,861
Total Assets
$751,187
Net Assets
$704,266
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
TN
Principal Officer
JEFF MCELROY
Phone
8657692611
Tax Period
2025-01-01 to 2025-12-31

FOREVER FAMILIES INC, founded in 1996, is a small nonprofit in the Religion sector that reported $381K in total revenue in fiscal year 2025. Revenue decreased 15% compared to the prior year. Expenses of $557K exceeded revenue, resulting in a 46% operating deficit.

Mission

TO PROVIDE MARRIAGE AND FAMILY ENRICHMENT SEMINARS AND CONFERENCES TO CHURCHES AND OTHER ORGANIZATIONS.

Program Service Accomplishments

Program 1
Expenses: $493,364 Revenue: $73,254

PROVIDE MARRIAGE AND FAMILY ENRICHMENT SEMINARS AND CONFERENCES TO CHURCHES AND OTHER ORGANIZATIONS.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $276,322
Program Service Revenue $73,254
Investment Income $18,384
Other Revenue $13,085
TOTAL REVENUE $381,045

Expense Breakdown

Grants Paid $0
Salaries & Benefits $258,434
Fundraising Expenses $0
Program Expenses $493,364
Other Expenses $298,427
TOTAL EXPENSES $556,861

Year-over-Year Comparison

2025 2024 Change
Revenue $381,045 $449,038 -0.2%
Expenses $556,861 $460,373 +0.2%
Net Income $-175,816 $-11,335 +14.5%
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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Governance

Voting Members
8
Independent Members
6
Employees
4
Volunteers
N/A

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
2
$151,870
Total Directors
8
$151,870
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF MCELROY CHAIRMAN & P 40.00
Officer Director
$91,444 $0 $91,444
DEBBY L MCELROY BOARD MEMBER 40.00
Officer Director
$60,426 $0 $60,426
JOSH HUGGINS BOARD MEMBER N/A
Director
$0 $0 $0
TERESA MAYES EXECUTIVE CH N/A
Director
$0 $0 $0
WILL MCDAVID BOARD MEMBER N/A
Director
$0 $0 $0
HONNA ROGERS BOARD MEMBER N/A
Director
$0 $0 $0
JOSH ROGERS BOARD MEMBER N/A
Director
$0 $0 $0
JULIE ROGERS BOARD MEMBER N/A
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 $381,045 $556,861 $751,187 $-175,816
2023 $307,024 $327,472 $793,464 $-20,448
2022 $595,524 $332,496 $791,309 $263,028
2021 $441,168 $311,585 $595,208 $129,583
2020 $422,650 $397,723 $549,437 $24,927
2019 $470,628 $377,166 $422,201 $93,462
2018 $444,781 $336,110 $362,280 $108,671
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