ABLE FAMILIES INC (EIN 550734539) - 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

1994

Legal Domicile

Principal Officer

MARLENE SPAULDING

Phone

3043934987

Tax Period

2022-07-01 to 2023-06-30

ABLE FAMILIES INC, founded in 1994, is a small nonprofit that reported $526K in total revenue in fiscal year 2022.

Mission

TO IDENTIFY AND ADDRESS RURAL POVERTY AND THE SYSTEMIC CAUSES OF POVERTY, AND TO PROMOTE ALLEVIATION OF ITS PROBLEMS BY HELPING TO STRENGTHEN POOR FAMILIES AND TO ASSIST THEM TO MAKE LASTING AND SIGNIFICANT CHANGES IN THEIR LIVES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $520,029

Program Service Revenue $0

Investment Income $6,195

Other Revenue $0

TOTAL REVENUE $526,224

Expense Breakdown

Grants Paid $0

Salaries & Benefits $374,088

Fundraising Expenses $0

Program Expenses $535,554

Other Expenses $200,922

TOTAL EXPENSES $575,010

Year-over-Year Comparison

	2022	2021	Change
Revenue	$526,224	$504,743	+0.0%
Expenses	$575,010	$470,227	+0.2%
Net Income	$-48,786	$34,516	-2.4%

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

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

$41,353

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARLENE SPAULDING	EXECUTIVE DI	40.00	Officer	$41,353	$0	$41,353
KATHLEEN BORS	BOARD MEMBER	N/A	Director	$0	$0	$0
RICHARD BRENNAN	BOARD MEMBER	N/A	Director	$0	$0	$0
ROSE DEBIAS	BOARD MEMBER	N/A	Director	$0	$0	$0
TAMMY HODGE	BOARD MEMBER	N/A	Director	$0	$0	$0
MIRI HUNTER	BOARD MEMBER	N/A	Director	$0	$0	$0
TONYA LINVILLE	BOARD MEMBER	N/A	Director	$0	$0	$0
JOAN PHILLIPS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DEBORAH STARR	TREASURER	1.00	Officer Director	$0	$0	$0
TODD WISBERGER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JACOB ZONDAG	SECRETARY	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$526,224	$575,010	$559,415	$-48,786
2022	$504,743	$470,227	$545,364	$34,516
2021	$402,060	$370,688	$556,198	$31,372
2020	$451,498	$381,749	$509,053	$69,749
2019	$280,239	$379,798	$435,015	$-99,559
2018	$294,597	$341,234	$532,799	$-46,637

ABLE FAMILIES INC