Families In Recovery Inc

EIN: 462409744 501(c)(3)

Birmingham, AL

Total Revenue
$-9,100
Total Expenses
$18,923
Total Assets
$15,936
Net Assets
$15,936
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
AL
Principal Officer
Cynthia Varney
Tax Period
2019-01-01 to 2019-12-31

Families In Recovery Inc, founded in 2013, is a micro nonprofit that reported $48K in total revenue in fiscal year 2018. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $56K exceeded revenue, resulting in a 16% operating deficit.

Mission

To assist in the healing of the family members who endure the heartbreak of a loved one in active alcoholism and/or drug addiction through raising funds to pay for one on one therapy with licensed recovery specialists in the Greater Birmingham community.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $-9,100
TOTAL REVENUE $-9,100

Expense Breakdown

Grants Paid $4,935
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $7,704
Other Expenses $13,988
TOTAL EXPENSES $18,923

Year-over-Year Comparison

2019 2018 Change
Revenue $-9,100 $48,078 -1.2%
Expenses $18,923 $55,694 -0.7%
Net Income $-28,023 $-7,616 +2.7%
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

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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
6
Independent Members
6
Employees
N/A
Volunteers
17

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cynthia Varney President 30.00
Officer Director
$0 $0 $0
Judy Braswell Board Member 3.00
Director
$0 $0 $0
Kaye Adams Secretary 4.00
Officer Director
$0 $0 $0
Chris Daigle Board Member 4.00
Director
$0 $0 $0
Rod Varney Treasurer 30.00
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
2019 $-9,100 $18,923 $15,936 $-28,023
2018 $48,078 $55,694 $43,959 $-7,616
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