FAMILY & CHILDREN'S SERVICES INC D… - Form 990 Financial Data

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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

1973

Legal Domicile

Principal Officer

STEPHEN JARRELL

Phone

2607444326

Tax Period

2022-07-01 to 2023-06-30

FAMILY & CHILDREN'S SERVICES INC D/B/A HEADWATERS COUNSELING, founded in 1973, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.4M exceeded revenue, resulting in a 24% operating deficit.

Mission

PROMOTE, DEVELOP AND EMPOWER INDIVIDUALS, FAMILIES, AND COMMUNITIES TO HAVE HEALTHY RELATIONSHIPS AND MAKE POSITIVE LIFE CHOICES.

Program Service Accomplishments

Program 1

Expenses: $1,226,903 Revenue: $777,629

WE CONTINUE TO DEFINE OUR OUTPATIENT INTEGRATED MENTAL HEALTH/SUBSTANCE MISUSE PROGRAM AS A SINGLE PROGRAM. THERE ARE SUBCOMPONENTS TO THIS PROGRAM. ALTHOUGH WE STILL OFFER TELETHERAPY WHEN...

WE CONTINUE TO DEFINE OUR OUTPATIENT INTEGRATED MENTAL HEALTH/SUBSTANCE MISUSE PROGRAM AS A SINGLE PROGRAM. THERE ARE SUBCOMPONENTS TO THIS PROGRAM. ALTHOUGH WE STILL OFFER TELETHERAPY WHEN APPROPRIATE WE HAVE PRIMARILY RETURNED TO THE TRADITIONAL MODEL OF FACE-TO-FACE THERAPY IN OUR PRIMARY LOCATION. ADDITIONALLY, THERAPISTS ARE PRIMARILY IN THE OFFICE PROVIDING TELETHERAPY TO ENSURE ADEQUATE SUPERVISION FOR EACH CLINICIAN. IN REGARDS TO GROUPS, WE STILL HAVE A ROBUST SUBSTANCE MISUSE PROGRAM INVOLVING AN EVIDENCE-BASED CURRICULUM FOR A MYRIAD OF SUBSTANCE MISUSE AFFLICTIONS. WE ARE ALSO CONTINUING OUR DIALECTICAL BEHAVIOUR THERAPY GROUP TO BETTER SERVE PEOPLE WITH PERSONALITY DISORDERS, TRAUMA, DEPRESSION, AND ADDICTION ISSUES. MANY OF OUR CLINICIANS ACTIVELY USED COMPONENTS OF EMDR THERAPY WHEN APPROPRIATE AND WE ESSENTIALLY DEFAULT TO COGNITIVE BEHAVIORAL THERAPY IN THE VAST MAJORITY OF OUR CASES. WE CONTINUE TO OFFER OUR THINKING PATTERNS GROUP AND A PARENTING GROUP, BOTH APPEAR TO BE GROWING. OUR PROGRAMS REMAIN ACCREDITED BY CARF AND OUR SUBSTANCE MISUSE PROGRAM WAS CERTIFIED BY THE INDIANA DEPARTMENT OF MENTAL HEALTH AND ADDICTIONS. THIS OF COURSE MEANS THAT WE MET OVER 1200 STANDARDS AND CONTINUE TO PROVIDE QUALITY CARE TO THE PEOPLE WE SERVE. DURING FISCAL YEAR 2023 WE HAD OVER 13,000 PAID 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 (2022)

Revenue Breakdown

Contributions & Grants $345,201

Program Service Revenue $777,629

Investment Income $3,628

Other Revenue $-3,228

TOTAL REVENUE $1,123,230

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,160,253

Fundraising Expenses $23,725

Program Expenses $1,226,903

Other Expenses $237,353

TOTAL EXPENSES $1,397,606

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,123,230	$971,750	+0.2%
Expenses	$1,397,606	$1,440,604	0.0%
Net Income	$-274,376	$-468,854	-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

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

$130,067

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN JARRELL	EXECUTIVE DI	40.00	Officer	$129,378	$689	$130,067
PAULA BOSTWICK	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH BRYAN	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN DENTON	TREASURER	1.00	Officer Director	$0	$0	$0
AMBER FEICHTER	DIRECTOR	1.00	Director	$0	$0	$0
DAN GABBARD	SECRETARY	1.00	Officer Director	$0	$0	$0
KRISTA MILLER	DIRECTOR	1.00	Director	$0	$0	$0
DARCY ROBINS	DIRECTOR	1.00	Director	$0	$0	$0
WIL SMITH	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
EUGENE WALTERS	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATT WIRE	DIRECTOR	1.00	Director	$0	$0	$0
KARAH WYNN	DIRECTOR	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	No data	No data	No data	No data
2023	$1,123,230	$1,397,606	$508,342	$-274,376
2022	$971,750	$1,440,604	$707,717	$-468,854
2021	$1,829,660	$1,287,810	$1,206,078	$541,850
2020	$1,029,391	$1,214,359	$716,561	$-184,968
2019	$1,124,325	$1,240,592	$765,160	$-116,267

FAMILY & CHILDREN'S SERVICES INC D/B/A HEADWATERS COUNSELING