FAMILY BONDS FOUNDATION

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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

2015

Legal Domicile

Principal Officer

JACKIE FRIEDMAN

Phone

6129979400

Tax Period

2023-01-01 to 2023-12-31

FAMILY BONDS FOUNDATION, founded in 2015, is a small nonprofit in the Human Services sector that reported $343K in total revenue in fiscal year 2023. Revenue surged 122% from the prior year, signaling strong growth momentum. The organization ran a surplus of $207K, a strong 60% operating margin.

Mission

THE FOUNDATION'S MISSION IS TO SUPPORT AND INSPIRE SELECT TRAVEL ADVISORS AND SUPPLIERS, THEIR FAMILIES AND THEIR LOCAL COMMUNITIES, IN CERTAIN CIRCUMSTANCES, WHO ARE EXPERIENCING DEFINED HARDSHIPS.

Program Service Accomplishments

Program 1

Expenses: $126,075

THERE ARE A LOT OF PEOPLE WITHIN THE TRAVEL INDUSTRY FAMILY, MORE THAN 200,000 INDIVIDUAL TRAVEL ADVISORS, SUPPLIERS AND INDIVIDUALS WITHIN THEIR COMMUNITIES AND SOME STRUGGLE WITH UNFORESEEN...

THERE ARE A LOT OF PEOPLE WITHIN THE TRAVEL INDUSTRY FAMILY, MORE THAN 200,000 INDIVIDUAL TRAVEL ADVISORS, SUPPLIERS AND INDIVIDUALS WITHIN THEIR COMMUNITIES AND SOME STRUGGLE WITH UNFORESEEN CIRCUMSTANCES THAT AFFECT THEM FINANCIALLY. THEY ARE SINGLE PARENTS WORKING HARD TO RAISE A CHILD; THEY ARE SPENDING MORE THAN THEY CAN AFFORD TO ASSIST THEIR ELDERLY PARENTS; THEY ARE SUFFERING FROM A PERSONAL SETBACK THAT HAS AFFECTED THEM FINANCIALLY. THE FAMILY BONDS FOUNDATION WAS STARTED TO HELP OUR MEMBERS WHEN HARDSHIPS ARISE.EACH YEAR, A SMALL GROUP OF PARENTS AND CHILDREN WILL BE CHOSEN FROM TRAVEL ADVISORS, SUPPLIERS AND THEIR LOCAL COMMUNITIES TO BE AWARDED GRANTS. THESE CONFIDENTIAL GRANTS WILL HELP RECIPIENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $597,809

Program Service Revenue $0

Investment Income $0

Other Revenue $-254,762

TOTAL REVENUE $343,047

Expense Breakdown

Grants Paid $126,075

Salaries & Benefits $0

Fundraising Expenses $2,990

Program Expenses $126,075

Other Expenses $10,465

TOTAL EXPENSES $136,540

Year-over-Year Comparison

	2023	2022	Change
Revenue	$343,047	$154,510	+1.2%
Expenses	$136,540	$96,368	+0.4%
Net Income	$206,507	$58,142	+2.6%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA BUTRUFF	DIRECTOR	0.50	Director	$0	$0	$0
SANDRA STROUD CLARK	DIRECTOR	0.50	Director	$0	$0	$0
MIMI COMFORT	DIRECTOR	0.50	Director	$0	$0	$0
SUZY GUSTAFSON	DIRECTOR	0.50	Director	$0	$0	$0
JOSHUA HARRELL	DIRECTOR	0.50	Director	$0	$0	$0
ANGIE LICEA	DIRECTOR (AS OF 05/01/2023)	0.50	Director	$0	$0	$0
SCOTT NISBET	DIRECTOR	0.50	Director	$0	$0	$0
JAY POPE	DIRECTOR (AS OF 05/01/2023)	0.50	Director	$0	$0	$0
CHRISTINE POTTHOFF	DIRECTOR	0.50	Director	$0	$0	$0
ALAN ROSEN	DIRECTOR	0.50	Director	$0	$0	$0
JOANNE SCHIMELMAN	DIRECTOR (AS OF 05/01/2023)	0.50	Director	$0	$0	$0
HAISLEY SMITH	DIRECTOR (AS OF 05/01/2023)	0.50	Director	$0	$0	$0
JIM TEDESCO	DIRECTOR (AS OF 05/01/2023)	0.50	Director	$0	$0	$0
DAWN LEVY VANCE	DIRECTOR	0.50	Director	$0	$0	$0
JACKIE FRIEDMAN	PRESIDENT	0.50	Officer Director	$0	$0	$0
DONDRA RITZENTHALER	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
NICOLE GALOWIN KRAMER	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
CATHARINA SURYAATMADJA	CONTROLLER	0.50	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
2024	No data	No data	No data	No data
2023	$343,047	$136,540	$421,627	$206,507
2022	$154,510	$96,368	$215,120	$58,142
2019	$167,397	$103,801	$233,815	$63,596
2018	$137,233	$45,885	$170,219	$91,348