FAMILY MANAGEMENT FINANCIAL SOLUTIONS INC (EIN 421390688) - 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

KATY HACKETT

Phone

3192346695

Tax Period

2024-01-01 to 2024-12-31

FAMILY MANAGEMENT FINANCIAL SOLUTIONS INC, founded in 1992, is a small nonprofit in the Human Services sector that reported $348K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $499K exceeded revenue, resulting in a 43% operating deficit.

Mission

TO STRENGTHEN OUR COMMUNITIES BY PROVIDING TOOLS AND RESOURCES FOR ACHIEVING PERSONAL FINANCIAL STABILITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $292,950

Program Service Revenue $62,957

Investment Income $661

Other Revenue $-8,088

TOTAL REVENUE $348,480

Expense Breakdown

Grants Paid $221,550

Salaries & Benefits $202,115

Fundraising Expenses $0

Program Expenses $467,190

Other Expenses $75,665

TOTAL EXPENSES $499,330

Year-over-Year Comparison

	2024	2023	Change
Revenue	$348,480	$524,021	-0.3%
Expenses	$499,330	$498,890	+0.0%
Net Income	$-150,850	$25,131	-7.0%

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

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

$89,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATY HACKETT	EXECUTIVE DI	50.00	Officer	$89,100	$0	$89,100
TAMMY GREEN	PRESIDENT	5.00	Officer Director	$0	$0	$0
LAUREN PRUGH	TREASURER	5.00	Officer Director	$0	$0	$0
EMILY KERR	DIRECTOR	1.00	Director	$0	$0	$0
TERESE EVANS	SECRETARY	1.00	Officer 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	$348,480	$499,330	$1,085,753	$-150,850
2023	$524,021	$498,890	$1,396,828	$25,131
2019	$242,168	$275,399	$885,260	$-33,231
2018	$230,420	$298,016	$973,040	$-67,596

FAMILY MANAGEMENT FINANCIAL SOLUTIONS INC