FATHERS AND FAMILIES RESOURCERESEARCH CENTER INC

EIN: 352069047 501(c)(3) Education

INDIANAPOLIS, IN

Total Revenue
$2,488,305
Total Expenses
$3,472,409
Total Assets
$5,588,630
Net Assets
$4,535,541
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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
1999
Legal Domicile
IN
Principal Officer
LARRY SMITH
Phone
3179215935
Tax Period
2024-01-01 to 2024-12-31

FATHERS AND FAMILIES RESOURCERESEARCH CENTER INC, founded in 1999, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $3.5M exceeded revenue, resulting in a 40% operating deficit.

Mission

THE MISSION OF FATHERS AND FAMILIES CENTER IS TO BUILD A NOBLE LEGACY OF FATHERHOOD - IMPROVING THE LIFE CHANCES OF CHILDREN BY ASSISTING YOUNG FATHERS IN ACHIEVING SELF-SUFFICIENCY AND IN STRENGTHENING PARENTAL INVOLVEMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,236,781
Program Service Revenue $0
Investment Income $220,253
Other Revenue $31,271
TOTAL REVENUE $2,488,305

Expense Breakdown

Grants Paid $449,141
Salaries & Benefits $1,511,005
Fundraising Expenses $178,766
Program Expenses $1,938,818
Other Expenses $1,512,263
TOTAL EXPENSES $3,472,409

Year-over-Year Comparison

2024 2023 Change
Revenue $2,488,305 $4,030,963 -0.4%
Expenses $3,472,409 $2,424,947 +0.4%
Net Income $-984,104 $1,606,016 -1.6%
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
N/A
Volunteers
21

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
5
$180,403
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARLON M WEBB CHAIR 1.00
Officer Director
$0 $0 $0
IAN NICOLINI VICE CHAIR 1.00
Officer Director
$0 $0 $0
KEVIN KURUZAR TREASURER 1.00
Officer Director
$0 $0 $0
JULIE M CONRAD SECRETARY 1.00
Officer Director
$0 $0 $0
CHARLIE HARRIS DIRECTOR 1.00
Director
$0 $0 $0
ANDREW VENTO DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER WALKER DIRECTOR 1.00
Director
$0 $0 $0
DENELL HOWARD DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL E MARTIN DRAIN DIRECTOR 1.00
Director
$0 $0 $0
MELISSA STEEVER DIRECTOR 1.00
Director
$0 $0 $0
LEVI FUNCHES DIRECTOR 1.00
Director
$0 $0 $0
LARRY SMITH PRESIDENT/CEO 50.00
Officer
$166,799 $13,604 $180,403
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 $2,488,305 $3,472,409 $5,588,630 $-984,104
2023 $4,030,963 $2,424,947 $5,819,701 $1,606,016
2022 $1,558,160 $1,873,458 $4,481,037 $-315,298
2021 $2,758,934 $1,510,465 $4,830,657 $1,248,469
2020 $1,041,513 $1,511,475 $3,605,313 $-469,962
2019 $2,191,647 $1,670,637 $3,838,195 $521,010
2018 $2,190,894 $1,856,759 $3,421,743 $334,135
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