Children's Futures Inc

EIN: 311806276 501(c)(3) Health Care

Trenton, NJ

Total Revenue
$1,916,818
Total Expenses
$1,939,132
Total Assets
$762,049
Net Assets
$155,425
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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
NJ
Principal Officer
SPENCER L LESTER
Phone
6096951977
Tax Period
2023-01-01 to 2023-12-31

Children's Futures Inc, founded in 2001, is a community nonprofit in the Health Care sector that reported $1.9M in total revenue in fiscal year 2023.

Mission

CHILDREN'S FUTURES ("CF") AIMS TO IMPROVE CHILD HEALTH & DEVELOPMENT OUTCOMES FOR CHILDREN THROUGHOUT MERCER COUNTY. (SEE SCHEDULE O FOR CONTINUATION)

Program Service Accomplishments

Program 1
Expenses: $1,669,028

HOME VISITATION. Children's Futures Inc administers the nationally-regarded Nurse-Family Partnership home visitation program. Specially trained nurses provide low-income, first-time mothers with...

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HOME VISITATION. Children's Futures Inc administers the nationally-regarded Nurse-Family Partnership home visitation program. Specially trained nurses provide low-income, first-time mothers with health and parenting education and assistance in obtaining other social services, including Women, Infants, and Children (WIC), housing assistance and child care. Children's Futures Inc provides 100% of the nurse home visitations for first time moms. FAMILY SUCCESS CENTERS. Family success centers offer community-based services and support to low-income families. The centers are a "one-stop" for pregnancy testing, health screenings, case management, parenting education, trauma informed care and assistance in securing other essential resources. DOULA SERVICES. Children's Futures Inc has 16 community doulas who provide physical, emotional, and informational support to mothers before, during, and shortly after childbirth to help them achieve the healthiest, most satisfying experience possible. Doula care has proven to improve physical and psychological outcomes for both mother and baby. Doulas have a positive impact on the well-being of the entire family.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,914,900
Program Service Revenue $0
Investment Income $1,873
Other Revenue $45
TOTAL REVENUE $1,916,818

Expense Breakdown

Grants Paid $138,437
Salaries & Benefits $1,335,169
Fundraising Expenses $90,034
Program Expenses $1,669,028
Other Expenses $465,526
TOTAL EXPENSES $1,939,132

Year-over-Year Comparison

2023 2022 Change
Revenue $1,916,818 $1,816,290 +0.1%
Expenses $1,939,132 $1,804,685 +0.1%
Net Income $-22,314 $11,605 -2.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
6
Employees
26
Volunteers
150

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
$151,842
Total Directors
8
$194,161
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SPENCER LESTER CEO/CFO/PROGRAM MANAGER 37.5
Officer Director
$130,413 $21,429 $151,842
DR GREGORY SEATON Program Consultant/Member 1.0
Director
$42,319 $0 $42,319
Bishop PHILLIP M BONAPARTE MD BOARD CHAIR 1.0
Officer Director
$0 $0 $0
ALPHONSO AL BULLOCK BOARD MEMBER 1.0
Director
$0 $0 $0
Micah Freeman Board Member 1.0
Director
$0 $0 $0
Hon Mayor Douglas Palmer Board Member 1.0
Director
$0 $0 $0
Dr Julene Evans Murage Board Member 1.0
Director
$0 $0 $0
Yazminelly Gonzalez Board Member 1.0
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
2024 No data No data No data No data
2023 $1,916,818 $1,939,132 $762,049 $-22,314
2022 $1,816,290 $1,804,685 $557,287 $11,605
2021 $1,721,747 $1,767,436 $555,068 $-45,689
2020 $1,777,963 $1,696,705 $656,784 $81,258
2019 $1,663,528 $1,690,880 $462,511 $-27,352
2018 $1,804,206 $2,024,551 $273,354 $-220,345
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