FAMILY GAP FOUNDATION

EIN: 463029315 501(c)(3) Human Services

CLARKSDALE, MS

Total Revenue
$695,421
Total Expenses
$719,604
Total Assets
$43,754
Net Assets
$4,939
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
MS
Phone
6629028714
Tax Period
2023-01-01 to 2023-12-31

FAMILY GAP FOUNDATION, founded in 2013, is a small nonprofit in the Human Services sector that reported $695K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year.

Mission

THE ORGANIZATIONS MISSION IS TO SERVE THE COMMUNITY BY PROVIDING RESOURCES AND EDUCATIONAL SERVICES TO THE NEEDY AND YOUTH.

Program Service Accomplishments

Program 1
Expenses: $604,493 Revenue: $0

PROVIDED NUTRITIONAL SERVICES FOR HOME DAYCARE

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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 $695,421
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $695,421

Expense Breakdown

Grants Paid $0
Salaries & Benefits $169,677
Fundraising Expenses $0
Program Expenses $604,493
Other Expenses $549,927
TOTAL EXPENSES $719,604

Year-over-Year Comparison

2023 2022 Change
Revenue $695,421 $866,984 -0.2%
Expenses $719,604 $873,940 -0.2%
Net Income $-24,183 $-6,956 +2.5%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
4
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
4
$88,416
Total Directors
1
$88,416
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA ESPY EXECUTIVE DIRECTOR 40.00
Officer Director
$88,416 $0 $88,416
TONYA METCALF-WASHINGTON TREASURER 0.00
Officer
$0 $0 $0
KEITH MACK CHAIR 0.00
Officer
$0 $0 $0
JOHNNIE CARTER SECRETARY 0.00
Officer
$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
2023 $695,421 $719,604 $43,754 $-24,183
2022 $866,984 $873,940 $212,183 $-6,956
2021 $1,064,458 $1,067,383 No data $-2,925
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