Norfolk Family Coalition Inc

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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

2017

Legal Domicile

Principal Officer

Jamie Bouslaugh

Phone

4026405106

Tax Period

2024-01-01 to 2024-12-31

Norfolk Family Coalition Inc, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $361K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $409K exceeded revenue, resulting in a 13% operating deficit.

Mission

Norfolk Family Coalition, Inc. was developed to address the needs of families, youth and children in our community in a collaborative, grass roots approach from our community organizations, individuals, and partners.

Program Service Accomplishments

Program 1

Expenses: $121,932 Revenue: $150,558

Community Response/CYI is a system of supports and services for children and families to prevent unnecessary entry into the child welfare system. The team helps families work to resolve crises, set...

Program 2

Expenses: $114,987 Revenue: $139,049

Rooted in Relationships (RinR) is an initiative that partners with communities to implement evidence based practices that enhance the social-emotional development of children, birth through age 8...

Rooted in Relationships (RinR) is an initiative that partners with communities to implement evidence based practices that enhance the social-emotional development of children, birth through age 8. One part of this initiative supports communities as they implement the Pyramid Model, a framework of evidence-based practices that promote the social, emotional, and behavorial competence of young children, in selected family childcare homes and childcare centers. In addition, communities develop and implement a long-range plan that influences the early childhood systems of care in the community and supports the healthy social-emotional development of children.

Program 3

Expenses: $31,301 Revenue: $27,300

Communities for Kids (C4K) partners with communities' public and private entities to support and coordinate planning access to high quality early care and education for all children birth through age eight. These partnerships are customized to address each community's unique assets and needs so that each community can grow and prosper well into the future.

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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 $359,026

Program Service Revenue $0

Investment Income $1,493

Other Revenue $0

TOTAL REVENUE $360,519

Expense Breakdown

Grants Paid $27,389

Salaries & Benefits $149,850

Fundraising Expenses $0

Program Expenses $337,781

Other Expenses $231,434

TOTAL EXPENSES $408,673

Year-over-Year Comparison

	2024	2023	Change
Revenue	$360,519	$680,337	-0.5%
Expenses	$408,673	$528,886	-0.2%
Net Income	$-48,154	$151,451	-1.3%

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

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

$139,158

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kim Seelmeyer	Board Member	0.50	Director	$0	$0	$0
Scott Lambrecht	Board Member	0.50	Director	$0	$0	$0
Erik Wilson	Chair	1.50	Officer Director	$0	$0	$0
Erika Fink	Secretary	1.00	Officer Director	$0	$0	$0
Kelli Wacker	Board Member	0.50	Director	$0	$0	$0
Heather Drahota	Board Member	0.50	Director	$0	$0	$0
Donny Larson	Board Member	0.50	Director	$0	$0	$0
Steven Petersen	Treasurer	1.00	Officer Director	$0	$0	$0
Crystal Hestekind	Vice-Chair	0.50	Officer Director	$0	$0	$0
John Grimes	Board Member	0.50	Director	$0	$0	$0
Kimberly Powell	Former Executive Director	40.00	Officer	$22,832	$0	$22,832
Jamie L Bouslaugh	Co-Executive Director	40.00	Officer	$55,533	$0	$55,533
Merisa L Anderson	Co-Executive Director	40.00	Officer	$60,793	$0	$60,793

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	$360,519	$408,673	$120,766	$-48,154
2023	$680,337	$528,886	$168,897	$151,451
2022	$475,266	$495,067	$18,923	$-19,801
2021	$614,746	$671,287	$38,104	$-56,541
2020	$536,326	$511,237	$96,262	$25,089
2019	$337,138	$370,066	$76,591	$-32,928
2018	$247,880	$156,163	$116,419	$91,717