FAMILY ARK INC

EIN: 351292608 501(c)(3) Human Services

JEFFERSONVILLE, IN

Total Revenue
$5,597,360
Total Expenses
$4,225,316
Total Assets
$4,164,959
Net Assets
$2,882,940
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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
1972
Legal Domicile
IN
Principal Officer
JEANEAN JACOBS
Phone
8122886800
Tax Period
2023-01-01 to 2023-12-31

FAMILY ARK INC, founded in 1972, is a community nonprofit in the Human Services sector that reported $5.6M in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 25% operating margin.

Mission

FAMILY ARK PROVIDES QUALITY HUMAN SERVICE PROGRAMS WHICH PROMOTE POSITIVE CHANGE IN LIVES OF CHILDREN AND FAMILIES IN THE COMMUNITIES SERVED.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,159,558
Program Service Revenue $3,614,924
Investment Income $1,062
Other Revenue $821,816
TOTAL REVENUE $5,597,360

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,832,370
Fundraising Expenses $59,425
Program Expenses $2,838,125
Other Expenses $1,392,946
TOTAL EXPENSES $4,225,316

Year-over-Year Comparison

2023 2022 Change
Revenue $5,597,360 $3,197,004 +0.8%
Expenses $4,225,316 $3,469,058 +0.2%
Net Income $1,372,044 $-272,054 -6.0%
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

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Governance

Voting Members
11
Independent Members
11
Employees
83
Volunteers
N/A

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
2
$125,779
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEANEAN JACOBS CEO 40.00
Officer
$125,779 $0 $125,779
ANN CARRUTHERS DIRECTOR N/A
Director
$0 $0 $0
CHRISTOPHER FOX DIRECTOR N/A
Director
$0 $0 $0
CARMEN WHYTE DIRECTOR N/A
Director
$0 $0 $0
KATHY GRAVELY PRESIDENT N/A
Officer
$0 $0 $0
SHILESE STOVER DIRECTOR N/A
Director
$0 $0 $0
NATHAN WOLF DIRECTOR N/A
Director
$0 $0 $0
BRITTANY BLAU DIRECTOR N/A
Director
$0 $0 $0
ADAM P SMITH DIRECTOR N/A
Director
$0 $0 $0
JULIE RIGRISH DIRECTOR N/A
Director
$0 $0 $0
MARY RITCHIE DIRECTOR N/A
Director
$0 $0 $0
ALEXANDRA RUMSEY DIRECTOR N/A
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 $5,597,360 $4,225,316 $4,164,959 $1,372,044
2023 $5,971,262 $4,177,232 $4,586,954 $1,794,030
2022 $3,197,004 $3,469,058 $2,961,977 $-272,054
2021 $3,177,875 $2,801,260 $2,581,981 $376,615
2020 $2,263,134 $2,109,219 $2,019,954 $153,915
2019 $2,310,036 $2,143,413 $1,675,835 $166,623
2018 $2,010,355 $2,153,195 $1,360,007 $-142,840
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