FOREVER FAMILIES INC (EIN 311623965) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Principal Officer

JEFF MCELROY

Phone

8657692611

Tax Period

2023-01-01 to 2023-12-31

FOREVER FAMILIES INC, founded in 1996, is a small nonprofit in the Religion sector that reported $307K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Net assets of $753K represent 29 months of operating reserves.

Mission

TO 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $173,569

Program Service Revenue $117,122

Investment Income $12,217

Other Revenue $4,116

TOTAL REVENUE $307,024

Expense Breakdown

Grants Paid $0

Salaries & Benefits $209,533

Fundraising Expenses $0

Program Expenses $301,257

Other Expenses $117,939

TOTAL EXPENSES $327,472

Year-over-Year Comparison

	2023	2022	Change
Revenue	$307,024	$595,524	-0.5%
Expenses	$327,472	$332,496	0.0%
Net Income	$-20,448	$263,028	-1.1%

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

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

$127,226

Total Directors

$127,226

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF MCELROY	CHAIRMAN & P	40.00	Officer Director	$78,784	$0	$78,784
DEBBY L MCELROY	BOARD MEMBER	40.00	Officer Director	$48,442	$0	$48,442
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
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

FOREVER FAMILIES INC