THE FAMILY PLACE

EIN: 521190146 501(c)(3)

WASHINGTON, DC

Total Revenue
$1,315,863
Total Expenses
$1,364,473
Total Assets
$1,008,493
Net Assets
$923,226
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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
DC
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.

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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 $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

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Governance

Voting Members
7
Independent Members
7
Employees
48
Volunteers
13

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
3
$160,748
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
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
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