FAMILY ARK INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

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 $6.0M in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 30% operating margin.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $367,734 Revenue: $610,679

FOSTER CARE-FOSTER CARE SERVICES FOR CHILDREN WHO HAVE EXPERIENCED ABUSE, NEGLECT, OR OTHER TRAUMA.

Program 2

Expenses: $675,477 Revenue: $458,024

BEHAVIORAL HEALTH CENTER-THE BEHAVIORAL HEALTH CENTER PROVIDES COUNSELING, MEDICATION MANAGEMENT, SUBSTANCE ABUSE TREATMENT, AND DIAGNOSTIC SERVICES TO CHILDREN, ADOLESCENTS, AND ADULTS.

Program 3

Expenses: $1,418,700 Revenue: $2,920,123

HOME BASED SERVICES-HOME BASED SERVICES HELPS PRESERVE, SUPPORT, AND STABILIZE FAMILIES IN CRISIS, WHILE HELPING TO CREATE HEALTHY NUTURING RELATIONSHIPS VIA CASE MANAGEMENT AND THERAPEUTIC SERVICES...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,159,558

Program Service Revenue $3,988,826

Investment Income $1,062

Other Revenue $821,816

TOTAL REVENUE $5,971,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,832,370

Fundraising Expenses $59,425

Program Expenses $2,838,128

Other Expenses $1,344,862

TOTAL EXPENSES $4,177,232

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,971,262	$3,197,004	+0.9%
Expenses	$4,177,232	$3,469,058	+0.2%
Net Income	$1,794,030	$-272,054	-7.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$125,779

Total Directors

Key Employees

Highest Compensated

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
2024	No data	No data	No data	No data
2023	$5,971,262	$4,177,232	$4,586,954	$1,794,030
2023	$5,597,360	$4,225,316	$4,164,959	$1,372,044
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