Families First in Cabarrus County (EIN 471302015) - 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

2014

Legal Domicile

Principal Officer

Rev Spencer Swain

Phone

7047865613

Tax Period

2024-07-01 to 2025-06-30

Families First in Cabarrus County, founded in 2014, is a small nonprofit in the Human Services sector that reported $809K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

To provide Early Childhood education and free parenting programs for families and their children who find themselves struggling with parenting, poverty , homes affected by addiction, living linguistically isolated and more.

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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 $698,390

Program Service Revenue $102,955

Investment Income $7,585

Other Revenue $0

TOTAL REVENUE $808,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $617,345

Fundraising Expenses $82,099

Program Expenses $632,194

Other Expenses $255,366

TOTAL EXPENSES $872,711

Year-over-Year Comparison

	2024	2023	Change
Revenue	$808,930	$1,054,341	-0.2%
Expenses	$872,711	$875,215	0.0%
Net Income	$-63,781	$179,126	-1.4%

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

$129,351

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rev Spencer Swain	Executive Dir.	55.00	Officer	$124,566	$4,785	$129,351
Kris Benshoff	Secretary	1.00	Officer Director	$0	$0	$0
Victoria Welch	Director	1.00	Director	$0	$0	$0
Carolyn Allred	Director	1.00	Director	$0	$0	$0
Mary Jasmine	Treasurer	1.00	Officer Director	$0	$0	$0
McKenzie Wolford	Director	1.00	Director	$0	$0	$0
Tanisha Jones	Chairman	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
2025	$808,930	$872,711	$677,514	$-63,781
2024	$1,054,341	$875,215	$769,808	$179,126
2023	$749,683	$710,869	$608,719	$38,814
2022	$895,932	$713,587	$504,908	$182,345
2021	$741,978	$569,346	$404,113	$172,632
2020	$572,077	$624,712	$208,419	$-52,635
2019	$664,034	$696,106	$167,412	$-32,072

Families First in Cabarrus County