FAMICOS FOUNDATION (EIN 341053534) - 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

1970

Legal Domicile

Principal Officer

JOHN ANOLIEFO

Phone

2167916476

Tax Period

2024-01-01 to 2024-12-31

FAMICOS FOUNDATION, founded in 1970, is a community nonprofit in the Housing & Shelter sector that reported $9.6M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $11.2M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO IMPROVE THE QUALITY OF LIFE IN GREATER CLEVELAND THROUGH NEIGHBORHOOD REVITALIZATION, AFFORDABLE HOUSING AND INTEGRATED SOCIAL SERVICES.

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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 $8,325,150

Program Service Revenue $2,220,530

Investment Income $-1,428,435

Other Revenue $471,131

TOTAL REVENUE $9,588,376

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,155,580

Fundraising Expenses $206,861

Program Expenses $9,888,481

Other Expenses $6,051,328

TOTAL EXPENSES $11,206,908

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,588,376	$8,850,923	+0.1%
Expenses	$11,206,908	$11,451,652	0.0%
Net Income	$-1,618,532	$-2,600,729	-0.4%

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

100

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

$457,389

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SR CAROL BRANDT	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTIAN E CARSON	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES HALL	TRUSTEE	1.00	Director	$0	$0	$0
THERESA SUTTON	TRUSTEE	1.00	Director	$0	$0	$0
RANDA JACKSON	TRUSTEE	1.00	Director	$0	$0	$0
KESHIA JOHNSON CHAMBERS	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH H WEISS JR	TRUSTEE	1.00	Director	$12,000	$0	$12,000
CHRISTIAN MORATSCHEK	TRUSTEE	1.00	Director	$0	$0	$0
GEOFFREY LEDWIDGE	TRUSTEE	1.00	Director	$0	$0	$0
RYAN SIEBEL	TREASURER	1.00	Officer Director	$0	$0	$0
LAURA JUNGLAS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN J WEISS	SECRETARY	1.00	Officer Director	$0	$0	$0
PETER LEE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOHN ANOLIEFO	EXECUTIVE DI	45.00	Officer	$169,868	$27,117	$196,985
BRIAN BLASINSKY	CFO	45.00	Officer	$124,870	$31,168	$156,038
AKEEM R PERRY	TRUSTEE	1.00	Director	$0	$0	$0
DAVID L TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL COPELAND	MY COM DIREC	45.00	Officer	$104,366	$0	$104,366

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	$9,588,376	$11,206,908	$52,192,643	$-1,618,532
2023	$8,850,923	$11,451,652	$53,613,225	$-2,600,729
2022	$8,009,815	$9,896,285	$56,405,008	$-1,886,470
2021	$13,331,115	$9,511,458	$56,363,268	$3,819,657
2020	$10,831,924	$9,008,010	$52,558,357	$1,823,914
2019	$6,359,364	$5,733,447	$50,211,785	$625,917
2018	$4,403,006	$5,580,818	$48,651,666	$-1,177,812

FAMICOS FOUNDATION