FAMILY SERVICES INC (EIN 560689235) - 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

1962

Legal Domicile

Principal Officer

SHEILA MCCLELLAND

Phone

3367228173

Tax Period

2024-07-01 to 2025-06-30

FAMILY SERVICES INC, founded in 1962, is a mid-sized nonprofit in the Human Services sector that reported $13.0M in total revenue in fiscal year 2024. Expenses of $15.9M exceeded revenue, resulting in a 23% operating deficit.

Mission

TO STRENGTHEN THE WELL-BEING AND DEVELOPMENT OF FAMILIES AND INDIVIDUALS THROUGH PROFESSIONAL HUMAN SERVICES PROGRAMS, INCLUDING THERAPY, COUNSELING, EDUCATION, SPECIAL ASSISTANCE, AND ADVOCACY.

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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 $13,970,428

Program Service Revenue $821,705

Investment Income $-1,935,476

Other Revenue $135,929

TOTAL REVENUE $12,992,586

Expense Breakdown

Grants Paid $40,508

Salaries & Benefits $10,162,868

Fundraising Expenses $464,249

Program Expenses $13,716,952

Other Expenses $5,727,355

TOTAL EXPENSES $15,930,731

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,992,586	$12,861,373	+0.0%
Expenses	$15,930,731	$12,908,379	+0.2%
Net Income	$-2,938,145	$-47,006	+61.5%

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

195

Volunteers

707

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
PAUL ROBESON FORD	CHAIR	1.00	Officer Director	$0	$0	$0
ERNEST LOGEMANN CPA	TREASURER	1.00	Officer Director	$0	$0	$0
HERBERT MILLER III DMIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KIA CHAVIOUS	SECRETARY	1.00	Officer Director	$0	$0	$0
JENNIFER HOULIHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW MACERON	BOARD MEMBER	1.00	Director	$0	$0	$0
TRICIA MCMANUS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNETTE SCIPPIO	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULA WILKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES CHAD ARMSTRONG	BOARD MEMBER	1.00	Director	$0	$0	$0
DEAN CLIFFORD PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
PAMELA DOCKERY-HOWARD MD	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMIE GADSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL GRACE JR JD	BOARD MEMBER	1.00	Director	$0	$0	$0
GREGORY HAIRSTON SR	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHA JAMES	BOARD MEMBER	1.00	Director	$0	$0	$0
DAISY RODRIGUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE SPEAS	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$185,648	$0	$185,648
SHEILA MCCLELLAND	CHIEF FINANCIAL OFFICER	40.00	Highest	$135,635	$0	$135,635
JENNIFER NELSON-WEAVER	CHIEF PROGRAM OFFICER	40.00	Highest	$105,144	$0	$105,144
TONIA SHORE	CHIEF HUMAN RESOURCES OFFICER	40.00	Highest	$100,538	$0	$100,538
TRACI ANN ROSS	FORMER PRESIDENT & CEO	40.00		$188,753	$0	$188,753

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	$12,992,586	$15,930,731	$12,614,029	$-2,938,145
2024	$12,861,373	$12,908,379	$15,441,717	$-47,006
2023	$12,153,365	$11,645,241	$14,499,750	$508,124
2022	$11,597,256	$11,605,448	$13,053,740	$-8,192
2021	$11,206,279	$10,868,660	$14,542,570	$337,619
2020	$11,198,488	$11,118,215	$12,728,916	$80,273

FAMILY SERVICES INC