FAMILY BUDGET SERVICES INC

EIN: 364254969 501(c)(3)

SUNRISE, FL

Total Revenue
$909,667
Total Expenses
$910,984
Total Assets
$134,680
Net Assets
$-51,512
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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
2011
Legal Domicile
FL
Principal Officer
RICHARD MEYERS
Phone
8005115234
Tax Period
2021-01-01 to 2021-12-31

FAMILY BUDGET SERVICES INC, founded in 2011, is a small nonprofit that reported $910K in total revenue in fiscal year 2021.

Mission

Family Budget Services, Inc. FBSI is a 501 c 3 non-profit credit counseling organization offering counseling services for consumers who have become overextended with excessive debt.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $839,695
Investment Income $0
Other Revenue $69,972
TOTAL REVENUE $909,667

Expense Breakdown

Grants Paid $0
Salaries & Benefits $545,313
Fundraising Expenses $0
Program Expenses $689,430
Other Expenses $365,671
TOTAL EXPENSES $910,984

Year-over-Year Comparison

2021 2020 Change
Revenue $909,667 $883,514 +0.0%
Expenses $910,984 $784,823 +0.2%
Net Income $-1,317 $98,691 -1.0%
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
4
Independent Members
4
Employees
10
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
5
$185,000
Total Directors
4
$0
Key Employees
1
$185,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CEO 040.00
Officer Key Emp Highest
$0 $0 $185,000
N/A DIRECTOR, SECRETARY 002.00
Officer Director
$0 $0 $0
QUIN HODGES DIRECTOR 002.00
Director
$0 $0 $0
KYLE CASSANO DIRECTOR 002.00
Director
$0 $0 $0
LORENZO VALEJO BRYANT DIRECTOR 002.00
Director
$0 $0 $0
RICHARD MEYERS PRESIDENT 005.00
Officer
$0 $0 $0
SANDRA MEYERS TREASURER 005.00
Officer
$0 $0 $0
TROY STOCKDALE VICE PRESIDENT 005.00
Officer
$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
2021 $909,667 $910,984 $134,680 $-1,317
2020 $883,514 $784,823 $308,048 $98,691
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