THE FAMILY PLACE

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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

1979

Legal Domicile

Principal Officer

HALEY WIGGINS

Phone

2022650149

Tax Period

2023-01-01 to 2023-12-31

THE FAMILY PLACE, founded in 1979, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION'S MISSION IS TO EMPOWER LOW-INCOME FAMILIES AND TO FOSTER THE OPTIMAL DEVELOPMENT OF THEIR YOUNG CHILDREN THROUGH EDUCATION AND SUPPORT SERVICES.

Program Service Accomplishments

Program 1

Expenses: $1,198,547 Revenue: $313,436

THE FAMILY PLACE LARGEST PROGRAM IS FAMILY LITERACY PROGRAM THIS PROGRAM INCLUDES: ADULT EDUCATION SUPPORT, EARLY CHILDHOOD EDUCATION, HOME VISITING FOR FAMILIES WITH YOUNG CHILDREN AND CASE...

THE FAMILY PLACE LARGEST PROGRAM IS FAMILY LITERACY PROGRAM THIS PROGRAM INCLUDES: ADULT EDUCATION SUPPORT, EARLY CHILDHOOD EDUCATION, HOME VISITING FOR FAMILIES WITH YOUNG CHILDREN AND CASE MANAGEMENT SUPPORT. THESE PROGRAMS HELP TO EDUCATE FAMILIES AND THEIR CHILDREN.

Program 2

THE FAMILY SUPPORT PROGRAM HELPS FAMILIES VIA CASE MANAGERS TO ASSIST IN AREAS OF DOMESTIC VIOLENCE AND OFFER SUPPORT GROUPS FACILITATED BY A LICENSED THERAPIST. THIS PROGRAM ALSO PROVIDES FOOD...

THE FAMILY SUPPORT PROGRAM HELPS FAMILIES VIA CASE MANAGERS TO ASSIST IN AREAS OF DOMESTIC VIOLENCE AND OFFER SUPPORT GROUPS FACILITATED BY A LICENSED THERAPIST. THIS PROGRAM ALSO PROVIDES FOOD, DIAPERS, CLOTHING AND OTHER MATERIAL SUPPORT FOR FAMILIES IN NEED.

Program 3

THE OSSE GRANT PROVIDES FAMILIES WITH WORKFORCE DEVELOPMENT AND TRAINING.

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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 $887,434

Program Service Revenue $313,406

Investment Income $636

Other Revenue $114,387

TOTAL REVENUE $1,315,863

Expense Breakdown

Grants Paid $164,238

Salaries & Benefits $802,524

Fundraising Expenses $40,831

Program Expenses $1,198,547

Other Expenses $397,711

TOTAL EXPENSES $1,364,473

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,315,863	$1,306,652	+0.0%
Expenses	$1,364,473	$1,148,077	+0.2%
Net Income	$-48,610	$158,575	-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

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

$160,748

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELAINE WEISS	MEMBER	2.00	Director	$0	$0	$0
KENDALL DORMAN	MEMBER	2.00	Director	$0	$0	$0
NATALIA ISAZA BRANDO	MEMBER	2.00	Director	$0	$0	$0
TOLU OLERU	MEMBER	2.00	Director	$0	$0	$0
CHRISTINE MONTGOMERY	MEMBER	2.00	Director	$0	$0	$0
HALEY WIGGINS	EXECUTIVE DIRECTOR	10.00	Officer	$146,198	$14,550	$160,748
LAWRENCE GARR	BOARD PRESIDENT	5.00	Officer	$0	$0	$0
M M AHDAB	TREASURER	5.00	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
2024	No data	No data	No data	No data
2023	$1,315,863	$1,364,473	$1,008,493	$-48,610
2022	$1,306,652	$1,248,077	$1,062,377	$58,575
2022	$1,403,071	$1,253,716	$1,045,826	$149,355
2021	$1,731,178	$1,156,187	$914,013	$574,991
2020	$990,986	$932,639	$512,249	$58,347
2019	$686,881	$648,245	$302,025	$38,636
2018	$599,368	$558,031	$260,171	$41,337