FRIENDS CENTER FOR CHILDREN INC

EIN: 571203361 501(c)(3) Human Services

NEW HAVEN, CT

Total Revenue
$5,282,765
Total Expenses
$3,675,741
Total Assets
$10,100,695
Net Assets
$7,195,825
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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
2003
Legal Domicile
CT
Principal Officer
ALLYX SCHIAVONE
Phone
2034681966
Tax Period
2022-07-01 to 2023-06-30

FRIENDS CENTER FOR CHILDREN INC, founded in 2003, is a community nonprofit in the Human Services sector that reported $5.3M in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.6M, a strong 30% operating margin.

Mission

EDUCATE CHILDREN, EMPOWER FAMILIES, INSPIRE TEACHERS, ENGAGE COMMUNITY, EMBRACE DIVERSITY, EMBODY EQUITY

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,643,995
Program Service Revenue $1,642,647
Investment Income $0
Other Revenue $-3,877
TOTAL REVENUE $5,282,765

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,446,699
Fundraising Expenses $100,222
Program Expenses $3,090,758
Other Expenses $1,229,042
TOTAL EXPENSES $3,675,741

Year-over-Year Comparison

2022 2021 Change
Revenue $5,282,765 $4,858,389 +0.1%
Expenses $3,675,741 $2,790,381 +0.3%
Net Income $1,607,024 $2,068,008 -0.2%
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
10
Independent Members
9
Employees
82
Volunteers
140

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
4
$191,619
Total Directors
10
$191,619
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALLYX SCHIAVONE EXECUTIVE DIRECTOR 40.00
Officer Director
$178,595 $13,024 $191,619
KAAREN JANSSEN CLERK 1.00
Officer Director
$0 $0 $0
JANE COPPOCK VICE CLERK 1.00
Officer Director
$0 $0 $0
JOANNA MEYER SECRETARY 1.00
Officer Director
$0 $0 $0
LATRICIA ALLEN-FRASIER BOARD MEMBER 1.00
Director
$0 $0 $0
CONNIE DICKINSON BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA HERRINGTON BOARD MEMBER 1.00
Director
$0 $0 $0
BRITA ROY BOARD MEMBER 1.00
Director
$0 $0 $0
GREG MELVILLE BOARD MEMBER 1.00
Director
$0 $0 $0
SCOT WROCKLAGE BOARD MEMBER 1.00
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 $5,282,765 $3,675,741 $10,100,695 $1,607,024
2022 $4,858,389 $2,790,381 $6,850,414 $2,068,008
2021 $3,563,508 $2,605,212 $4,730,463 $958,296
2020 $2,026,403 $2,189,944 $3,672,791 $-163,541
2019 $1,941,608 $2,010,239 $3,430,063 $-68,631
2018 $1,543,556 $1,754,266 $3,356,237 $-210,710
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