Father Flanagan's Fund For Needy Children (EIN 363680258) - Form 990 Financial Analysis & Trantor Score

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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

1990

Legal Domicile

Principal Officer

Judy F Rasmussen

Phone

5313553131

Tax Period

2023-01-01 to 2023-12-31

Father Flanagan's Fund For Needy Children, founded in 1990, is a mid-sized nonprofit in the Human Services sector that reported $30.0M in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $56.2M exceeded revenue, resulting in a 87% operating deficit.

Mission

Father Flanagans Fund For Needy Children has the power to receive, hold and invest property of any nature for the exclusive benefit of Father Flanagans Boys Home Boys Town, an exempt 501c3 organization.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $30,013,914

Other Revenue $0

TOTAL REVENUE $30,013,914

Expense Breakdown

Grants Paid $53,362,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $53,362,000

Other Expenses $2,871,535

TOTAL EXPENSES $56,233,535

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,013,914	$74,124,333	-0.6%
Expenses	$56,233,535	$50,829,533	+0.1%
Net Income	$-26,219,621	$23,294,800	-2.1%

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

N/A

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

$2,832,114

Total Directors

$624,615

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven E Boes President	National Executive Director Father Flanagans Boys Home	005.00	Officer	$0	$79,769	$680,302
Rodney J Kempkes	CEO	005.00	Officer Director	$0	$42,816	$624,615
Judy F Rasmussen CPA	Chief Financial Officer, Treasurer	005.00	Officer	$0	$36,583	$424,647
Dana E Washington	General Counsel	005.00	Officer	$0	$39,005	$397,964
Monty J Horine	Corporate Secretary	005.00	Officer	$0	$25,168	$300,395
Randall A Ptacek	Director Treasury Operations	005.00	Officer	$0	$44,495	$202,239
James Beckmann	Assistant Corporate Secretary	005.00	Officer	$0	$32,011	$201,952
Rebecca E Duseau	Director - Through June 2023	001.00	Director	$0	$0	$0
Michael P Sullivan	Director	001.00	Director	$0	$0	$0
Helen Fox-O'Brien	Chairman	001.00	Director	$0	$0	$0
Dorr Begnal	Director	001.00	Director	$0	$0	$0
Erik Lundberg	Director	001.00	Director	$0	$0	$0
Georganne F Perkins	Director	001.00	Director	$0	$0	$0
Thomas B Barker	Director	001.00	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	$30,013,914	$56,233,535	$1,039,900,942	$-26,219,621
2022	$74,124,333	$50,829,533	$985,185,488	$23,294,800
2021	$60,806,118	$47,931,178	$1,113,854,804	$12,874,940
2020	$38,610,271	$47,740,085	$983,524,329	$-9,129,814

Father Flanagan's Fund For Needy Children