I AM ABLE Center for Family Development (EIN 363861251) - 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

1992

Legal Domicile

Principal Officer

Dr Carolyn Vessel

Phone

7738262929

Tax Period

2023-07-01 to 2024-06-30

I AM ABLE Center for Family Development, founded in 1992, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023.

Mission

I AM ABLEs purpose is to enhance opportunities for children and their families to experience optimal social, psychological and emotional outcomes by offering an array of integrated services to meet the needs of the child welfare population.

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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 $2,235,332

Program Service Revenue $17,763

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,253,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,665,263

Fundraising Expenses $0

Program Expenses $1,973,246

Other Expenses $610,568

TOTAL EXPENSES $2,275,831

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,253,095	$2,347,372	0.0%
Expenses	$2,275,831	$2,357,581	0.0%
Net Income	$-22,736	$-10,209	+1.2%

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

$119,379

Key Employees

$349,417

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Carolyn L Vessel	CEO	40.00	Director Key Emp Highest	$119,379	$0	$119,379
Vincent Osaghae	Treasurer	5.00	Officer Director	$0	$0	$0
Lisa Kenner	Board Chair	0.00	Director	$0	$0	$0
Brenda Palms-Barber	Director	5.00	Director	$0	$0	$0
Shirley Vessel	Director	5.00	Director	$0	$0	$0
Sherneron Hilliard	Director	5.00	Director	$0	$0	$0
Clay B Wortham	Director	5.00	Director	$0	$0	$0
Dr Reshorna Fitzpatrick	Director	5.00	Director	$0	$0	$0
John Zeigler	Director	5.00	Director	$0	$0	$0
Jeff Liesendahl	Emeritus	5.00	Director	$0	$0	$0
Katlynn Dallman	Program Director	40.00	Key Emp	$132,150	$0	$132,150
Kimberly Lewis	Program Supervisor	40.00	Key Emp	$97,888	$0	$97,888

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	$2,253,095	$2,275,831	$1,100,337	$-22,736
2023	$2,347,372	$2,357,581	$1,050,442	$-10,209
2022	$2,798,972	$2,697,562	$954,278	$101,410
2021	$2,156,447	$2,177,048	$975,751	$-20,601

I AM ABLE Center for Family Development