First In Families of North Carolina

EIN: 460471896 501(c)(3) Human Services

Durham, NC

Total Revenue
$2,164,534
Total Expenses
$2,057,586
Total Assets
$1,201,221
Net Assets
$1,061,471
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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
2001
Legal Domicile
NC
Principal Officer
KATHRYN BUNN
Phone
9843274227
Tax Period
2023-07-01 to 2024-06-30

First In Families of North Carolina, founded in 2001, is a community nonprofit in the Human Services sector that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.1M left a modest 5% surplus.

Mission

Assist people with developmental disabilities (and/or Traumatic Brain Injury), mental health challenges, and/or substance use disorder, and their families, to achieve their short and long-term goals and give back to others.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,108,335
Program Service Revenue $23,305
Investment Income $10,428
Other Revenue $22,466
TOTAL REVENUE $2,164,534

Expense Breakdown

Grants Paid $900,906
Salaries & Benefits $889,792
Fundraising Expenses $120
Program Expenses $1,910,551
Other Expenses $266,888
TOTAL EXPENSES $2,057,586

Year-over-Year Comparison

2023 2022 Change
Revenue $2,164,534 $1,935,907 +0.1%
Expenses $2,057,586 $2,106,248 0.0%
Net Income $106,948 $-170,341 -1.6%
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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Governance

Voting Members
11
Independent Members
11
Employees
23
Volunteers
150

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
4
$84,130
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PEGGY BALAK PRESIDENT 0.50
Officer Director
$0 $0 $0
NIASHA A FRAY MA MSPH BOARD MEMBER 0.50
Director
$0 $0 $0
TIMOTHY FERREIRA BOARD MEMBER 0.50
Director
$0 $0 $0
DUNCAN MUNN VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
JEAN MANKOWSKI BOARD MEMBER 0.50
Director
$0 $0 $0
JASON TUELL BOARD MEMBER 0.50
Director
$0 $0 $0
KEIRON DYCK BOARD MEMBER 0.50
Director
$0 $0 $0
KATIE LEDFORD SECRETARY-TREASURER 0.50
Officer Director
$0 $0 $0
MATTHEW SCHWAB BOARD MEMBER 0.50
Director
$0 $0 $0
TONI JAMES-MANUS BOARD MEMBER 0.50
Director
$0 $0 $0
LYNN HEGEDUS PHD BOARD MEMBER 0.50
Director
$0 $0 $0
BETSY MACMICHAEL EXECUTIVE DIRECTOR 40.00
Officer
$75,524 $8,606 $84,130
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
2025 No data No data No data No data
2024 $2,164,534 $2,057,586 $1,201,221 $106,948
2023 $1,935,907 $2,106,248 $1,080,550 $-170,341
2022 $1,892,518 $1,944,948 $1,336,836 $-52,430
2021 $2,011,397 $1,727,691 $1,311,659 $283,706
2020 $1,813,734 $1,696,845 $1,051,500 $116,889
2019 $1,723,747 $1,620,103 $828,860 $103,644
2018 $1,333,544 $1,316,726 $714,271 $16,818
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