Fatherless Network or Widows and Orphans (EIN 331009894) - 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

2004

Legal Domicile

Principal Officer

Charles Watson

Tax Period

2023-01-01 to 2023-12-31

Fatherless Network or Widows and Orphans, founded in 2004, is a small nonprofit in the Human Services sector that reported $364K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $318K left a modest 13% surplus.

Mission

To Provide True Christian Benevolent Outreach by helping the Fatherless Widows and the Poor

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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 $354,239

Program Service Revenue $0

Investment Income $0

Other Revenue $9,540

TOTAL REVENUE $363,779

Expense Breakdown

Grants Paid $220,542

Salaries & Benefits $42,000

Fundraising Expenses $0

Program Expenses $220,542

Other Expenses $55,475

TOTAL EXPENSES $318,017

Year-over-Year Comparison

	2023	2022	Change
Revenue	$363,779	$309,262	+0.2%
Expenses	$318,017	$296,814	+0.1%
Net Income	$45,762	$12,448	+2.7%

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

N/A

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

$43,200

Total Directors

Key Employees

$42,000

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Charles Watson	President	Officer Key Emp	$42,000	$0	$42,000
Vickie Watson	Executive Vice President	Officer	$1,200	$0	$1,200
Heath Carpenter	Director	Officer	$0	$0	$0
Miriam Ylinen	Director	Officer	$0	$0	$0
Matthew Steensma	Director	Officer	$0	$0	$0
Brian Welch	Director	Officer	$0	$0	$0
Heidi Watson	Director	Officer	$0	$0	$0
Denny Migl	Secretary Treasurer	Officer	$0	$0	$0
Nancy Migl	Vice President	Officer	$0	$0	$0
Jim Blackmon	Director	Officer	$0	$0	$0
Dan Ylinen	Director	Officer	$0	$0	$0
Sarah Blackmon	Director	Officer	$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	$363,779	$318,017	$607,478	$45,762
2022	$309,262	$296,814	$554,290	$12,448
2021	$311,653	$324,225	$592,812	$-12,572
2020	$287,662	$318,701	$434,352	$-31,039

Fatherless Network or Widows and Orphans