FAMILY SERVICE OF RACINE INC (EIN 390808507) - 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

1910

Legal Domicile

Principal Officer

ELIZABETH HANSON WILL

Phone

2626342391

Tax Period

2019-07-01 to 2020-06-30

FAMILY SERVICE OF RACINE INC, founded in 1910, is a small nonprofit that reported $383K in total revenue in fiscal year 2019. Revenue decreased 11% compared to the prior year.

Mission

TO PROVIDE ASSISTANCE TO INDIVIDUALS & FAMILIES TO HELP THEM EFFECTIVELY DEAL WITH THEIR CHALLENGES, TRANSITIONS OR CRISES THROUGH PROFESSIONAL COUNSELING, EDUCATION, INFORMATION, SUPPORT & REFERRAL SERVICES. THE AGENCY WILL ATTEMPT TO RESPOND TO CHANGING COMMUNITY CONDITIONS THAT AFFECT THE WELL-BEING OF INDIVIDUALS & FAMILIES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $110,577

Program Service Revenue $272,124

Investment Income $0

Other Revenue $0

TOTAL REVENUE $382,701

Expense Breakdown

Grants Paid $0

Salaries & Benefits $272,479

Fundraising Expenses $16,954

Program Expenses $326,042

Other Expenses $114,268

TOTAL EXPENSES $386,747

Year-over-Year Comparison

	2019	2018	Change
Revenue	$382,701	$429,111	-0.1%
Expenses	$386,747	$344,411	+0.1%
Net Income	$-4,046	$84,700	-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

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

$83,833

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HOLLAND	PRESIDENT (FROM 4/20)	1.00	Officer Director	$0	$0	$0
ALICIA SCHMITZ	PRESIDENT (THRU 3/20)	1.00	Officer Director	$0	$0	$0
STEVE DONOVAN	VICE PRESIDENT (THRU 3/20) TREASURER (FROM 4/20)	1.00	Officer Director	$0	$0	$0
REBECCA WATKINS	SECRETARY (THRU 3/20)	1.00	Officer Director	$0	$0	$0
BRIAN LEE	VICE PRESIDENT (FROM 4/20)	1.00	Officer Director	$0	$0	$0
MATT HORTON	MARKETING CHAIR (FROM 4/20)	1.00	Officer Director	$0	$0	$0
MARK JANIUK	FACILITIES CHAIR (FROM 4/20)	1.00	Officer Director	$0	$0	$0
CORY SEBASTIAN	FUNDRAISING CHAIR (FROM 4/20)	1.00	Officer Director	$0	$0	$0
AMBER FERDA	TREASURER (THRU 3/20)	1.00	Officer Director	$0	$0	$0
CHRIS BARKER	DIRECTOR (FROM 4/20)	1.00	Director	$0	$0	$0
DON CONNER	DIRECTOR (FROM 4/20)	1.00	Director	$0	$0	$0
JOHN DANIELS	DIRECTOR (FROM 4/20)	1.00	Director	$0	$0	$0
LARRY FOSTER	DIRECTOR (FROM 4/20)	1.00	Director	$0	$0	$0
MARGARET GESNER	DIRECTOR (FROM 4/20)	1.00	Director	$0	$0	$0
ART HOWELL	DIRECTOR (FROM 4/20)	1.00	Director	$0	$0	$0
FELICIA HOWELL	DIRECTOR (FROM 4/20)	1.00	Director	$0	$0	$0
SHANNON HUOT	DIRECTOR (FROM 4/20)	1.00	Director	$0	$0	$0
CHRIS LEBERFING	DIRECTOR (FROM 4/20)	1.00	Director	$0	$0	$0
CHAD LOCK	DIRECTOR (FROM 4/20)	1.00	Director	$0	$0	$0
JEFF MCKEOWN	DIRECTOR (FROM 4/20)	1.00	Director	$0	$0	$0
RICK MUHAMMAD	DIRECTOR (FROM 4/20)	1.00	Director	$0	$0	$0
CHAD NOVASIC	DIRECTOR (FROM 4/20)	1.00	Director	$0	$0	$0
ERIC SIMPSON	DIRECTOR (FROM 4/20)	1.00	Director	$0	$0	$0
DONNIE SNOW	DIRECTOR (FROM 4/20)	1.00	Director	$0	$0	$0
TOM WENDT	DIRECTOR (FROM 4/20)	1.00	Director	$0	$0	$0
KEVIN WESLASKI	DIRECTOR (FROM 4/20)	1.00	Director	$0	$0	$0
JACK YETTER	DIRECTOR (FROM 4/20)	1.00	Director	$0	$0	$0
GERRY PTACEK	DIRECTOR (THRU 3/20)	1.00	Director	$0	$0	$0
QUINCY HARRISON	DIRECTOR (THRU 3/20)	1.00	Director	$0	$0	$0
DAN TAIVALKOSKI	DIRECTOR (THRU 3/20)	1.00	Director	$0	$0	$0
ELIZABETH HANSON WILL	EXECUTIVE DIRECTOR	40.00	Officer	$83,833	$0	$83,833

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
2020	$382,701	$386,747	$144,959	$-4,046
2019	$429,111	$344,411	$265,265	$84,700
2018	$272,843	$470,869	$211,235	$-198,026

FAMILY SERVICE OF RACINE INC