FAMILY SERVICE MADISON INC (EIN 390806186) - 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

1920

Legal Domicile

Principal Officer

MARY K SCHOFF

Phone

6082521320

Tax Period

2023-01-01 to 2023-12-31

FAMILY SERVICE MADISON INC, founded in 1920, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Expenses of $3.7M exceeded revenue, resulting in a 10% operating deficit.

Mission

PROVIDE HUMAN SERVICES TO INSTILL HOPE AND PROMOTE WELLNESS IN OUR COMMUNITY.

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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 $2,282,280

Program Service Revenue $887,766

Investment Income $17,431

Other Revenue $121,668

TOTAL REVENUE $3,309,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,843,851

Fundraising Expenses $0

Program Expenses $3,031,622

Other Expenses $808,572

TOTAL EXPENSES $3,652,423

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,309,145	$3,336,503	0.0%
Expenses	$3,652,423	$3,261,538	+0.1%
Net Income	$-343,278	$74,965	-5.6%

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

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

$99,751

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FARRAH RIFELJ	SECRETARY	1.00	Officer Director	$0	$0	$0
DAN LARSON	CHAIR (BEG JULY)/TREASURER	1.00	Officer Director	$0	$0	$0
EUGENE WOEHRLE	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP WAARA	DIRECTOR	1.00	Director	$0	$0	$0
PRENICIA CLIFTON	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN HAYDEN	DIRECTOR	1.00	Director	$0	$0	$0
TJ BLITZ	DIRECTOR	1.00	Director	$0	$0	$0
KENZIE COLE	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT HOERTH	CHAIR (THRU JUNE)	1.00	Officer Director	$0	$0	$0
MARY K SCHOFF	PRESIDENT/CEO	40.00	Officer	$90,941	$8,810	$99,751

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	$3,309,145	$3,652,423	$1,648,564	$-343,278
2022	$3,336,503	$3,261,538	$1,867,634	$74,965
2021	$2,961,670	$2,971,147	$2,004,125	$-9,477
2020	$3,268,341	$3,196,401	$2,191,371	$71,940
2019	$3,059,243	$3,214,850	$1,948,521	$-155,607
2018	$3,207,959	$3,030,527	$1,842,499	$177,432

FAMILY SERVICE MADISON INC