Family Service Association of the … - 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

1935

Legal Domicile

Principal Officer

Courtney Chipol

Phone

8122324349

Tax Period

2022-01-01 to 2022-12-31

Family Service Association of the Wabash Valley Inc, founded in 1935, is a small nonprofit that reported $389K in total revenue in fiscal year 2022. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $568K exceeded revenue, resulting in a 46% operating deficit.

Mission

Family Service Association provides counseling services to various clientele. Through various programs, clients are aided in family life and emotional situations.

Program Service Accomplishments

Program 1

Expenses: $502,079 Revenue: $369,158

Family Service Association provides counseling services to various clientele. Through various programs, clients are aided in family life and emotional situations. The community and family unit are...

Family Service Association provides counseling services to various clientele. Through various programs, clients are aided in family life and emotional situations. The community and family unit are perpetuated to higher levels through the development and improvement of the skills needed to provide a proper family structure and atmosphere.

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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 $219,008

Program Service Revenue $66,517

Investment Income $51,270

Other Revenue $52,613

TOTAL REVENUE $389,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $464,878

Fundraising Expenses $0

Program Expenses $502,079

Other Expenses $103,457

TOTAL EXPENSES $568,335

Year-over-Year Comparison

	2022	2021	Change
Revenue	$389,408	$661,361	-0.4%
Expenses	$568,335	$506,876	+0.1%
Net Income	$-178,927	$154,485	-2.2%

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

Total Directors

$145,846

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Cauble	Director	1.00	Director	$0	$0	$0
Courtney Chipol	President	1.00	Officer Director	$0	$0	$0
Brock Phillips	Director	1.00	Director	$0	$0	$0
Danielle Isbell	Director	1.00	Director	$0	$0	$0
Chad Feller	Director	1.00	Director	$0	$0	$0
Jackie Cossio-Wilkins	Secretary	1.00	Officer Director	$0	$0	$0
Christina Crist	Vice-President	1.00	Officer Director	$0	$0	$0
Stacy Killion	Director	1.00	Director	$0	$0	$0
Allie Lark	Director	1.00	Director	$0	$0	$0
Emilee Roberts	Executive Director	40.00	Director	$60,846	$0	$60,846
Sara Hall	Director	1.00	Director	$0	$0	$0
Mel Hayes	Treasurer	1.00	Officer Director	$0	$0	$0
Matthew Neuman	Director	1.00	Director	$0	$0	$0
Melissa Grinslade	Clinical Director	40.00	Director	$85,000	$0	$85,000

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
2022	$389,408	$568,335	$239,108	$-178,927
2021	$661,361	$506,876	$469,010	$154,485
2020	$378,311	$524,482	$400,850	$-146,171
2019	$482,585	$622,631	$247,468	$-140,046

Family Service Association of the Wabash Valley Inc