FAMILY LIFE ENRICHMENT CENTERS INC

EIN: 581344008 501(c)(3)

HIGH SHOALS, GA

Total Revenue
$15,894
Total Expenses
$395,713
Total Assets
$1,728,565
Net Assets
$1,712,068
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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
1978
Legal Domicile
GA
Phone
7067696122
Tax Period
2017-07-01 to 2018-06-30

FAMILY LIFE ENRICHMENT CENTERS INC, founded in 1978, is a micro nonprofit that reported $16K in total revenue in fiscal year 2017. Expenses of $396K exceeded revenue, resulting in a 2390% operating deficit.

Mission

THE ORGANIZATION MAKES GIFTS AND GRANTS FOR EXCLUSIVELY CHARITABLE PURPOSES TO PUBLIC CHARITIES WHICH ARE EXEMPT UNDER SECTION 501(C)(3).

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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 (2017)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $15,894
Other Revenue $0
TOTAL REVENUE $15,894

Expense Breakdown

Grants Paid $0
Salaries & Benefits $193,204
Fundraising Expenses $0
Program Expenses $395,713
Other Expenses $202,509
TOTAL EXPENSES $395,713

Year-over-Year Comparison

2017 2016 Change
Revenue $15,894 $14,752 +0.1%
Expenses $395,713 $342,772 +0.2%
Net Income $-379,819 $-328,020 +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
6
Independent Members
5
Employees
9
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
1
$60,000
Total Directors
7
$60,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM STEPHENS Trustee 1.00
Director
$0 $0 $0
FRED WATSON Trustee 1.00
Director
$0 $0 $0
POLLY JONES Trustee 1.00
Director
$0 $0 $0
JUDY HODNETT Trustee 1.00
Director
$0 $0 $0
MAGDA D BENNETT Pres./CEO 40.00
Officer Director
$60,000 $0 $60,000
JOSEPH R BENNETT Sec./TREASURER 1.00
Director
$0 $0 $0
JOSEPH R BENNETT 11 Trustee 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
2018 $15,894 $395,713 $1,728,565 $-379,819
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