FAMILY PROMISE OF BREVARD 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

2007

Legal Domicile

Principal Officer

TARA PAGLIARINI

Phone

3212093391

Tax Period

2024-01-01 to 2024-12-31

FAMILY PROMISE OF BREVARD INC, founded in 2007, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 38% operating deficit.

Mission

WE KEEP FAMILIES HOUSED SO CHILDREN CAN THRIVE. OUR VISION IS THAT EVERY FAMILY HAS A HOME, A LIVELIHOOD, AND THE CHANCE TO BUILD A STRONGER FUTURE.

Program Service Accomplishments

Program 1

Expenses: $1,343,140

IN 2024, WE PROVIDED SERVICES FOR 12,355 UNIQUE INDIVIDUALS, 60% OF THEM CHILDREN, THROUGH OUR DIVERSION EMERGENCY SHELTER, HOUSING STABILIZATION, AND HOMELESS PREVENTION PROGRAMS. WITH THE SUPPORT OF 20 CONGREGATIONS AND OVER 200 VOLUNTEERS, WE HAVE PROVIDED OVER 3,906 BED NIGHTS AND 11,718 MEALS TO FAMILIES EXPERIENCING HOMELESSNESS. THEIR SUPPORT, PAIRED WITH OUR INTENSIVE CASE MANAGEMENT, HAS MOVED 94% OF OUR SHELTER FAMILIES INTO HOUSING WITHIN AN AVERAGE OF 34 DAYS. ADDITIONALLY, 100% OF STABILIZATION FAMILIES AND 99% OF PREVENTION FAMILIES MAINTAINED THEIR HOUSING. IN 2024, WE SERVED 3,491 TOTAL FAMILIES THROUGH OUR PROGRAMS. IN 2021, THE CITY OF COCOA DONATED A FIREHOUSE FOR 20 YEARS AT 1/YEAR TO BECOME OUR NEW BASE OF OPERATIONS. OUR COLLABORATIVE VISION IS TO CREATE A HUB OF SERVICES THAT PREVENT AND END FAMILY HOMELESSNESS BY CO-LOCATING ESSENTIAL AGENCIES AND CREATING A COMMUNITY CLASSROOM FOCUSED ON POST-SECONDARY EDUCATION AND CERTIFICATIONS THAT DISRUPT THE POVERTY CYCLE.

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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 $1,313,467

Program Service Revenue $0

Investment Income $8,780

Other Revenue $-31,818

TOTAL REVENUE $1,290,429

Expense Breakdown

Grants Paid $364,331

Salaries & Benefits $852,045

Fundraising Expenses $180,542

Program Expenses $1,343,140

Other Expenses $559,244

TOTAL EXPENSES $1,775,620

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,290,429	$1,790,268	-0.3%
Expenses	$1,775,620	$1,797,796	0.0%
Net Income	$-485,191	$-7,528	+63.5%

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

323

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

$84,885

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TARA PAGLIARINI	EXECUTIVE DI	40.00	Officer	$84,885	$0	$84,885
MIKE ARTELLI	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
REBECCA GRANGER	BOARD VICE C	10.00	Officer Director	$0	$0	$0
KARIN JAMISON	BOARD SECRET	10.00	Officer Director	$0	$0	$0
DAWN JEAN	BOARD TREASU	10.00	Officer Director	$0	$0	$0
ERIC RUOFF	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN RUOFF	FINANCE COMM	1.00	Director	$0	$0	$0
DOUG HOLTON	BOARD MEMBER	1.00	Director	$0	$0	$0
LUCY CARR	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBYN HATTAWAY	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY LINDQUIST	BOARD MEMBER	1.00	Director	$0	$0	$0
SHALARIE HIGHSMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN RODEN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAVANI PATEL	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNN JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN GARCIA	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM BARFIELD	BOARD MEMBER	1.00	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	$1,290,429	$1,775,620	$4,190,038	$-485,191
2023	$1,790,268	$1,797,796	$4,691,475	$-7,528
2022	$2,816,338	$1,104,189	$2,719,108	$1,712,149
2021	$1,093,675	$892,509	$996,973	$201,166
2020	$842,042	$624,410	$786,399	$217,632
2019	$551,616	$477,651	$538,688	$73,965
2018	$487,059	$399,145	$457,697	$87,914