The Family Enrichment Center Inc

EIN: 593144855 501(c)(3) Human Services

Tampa, FL

Total Revenue
$904,729
Total Expenses
$877,007
Total Assets
$344,967
Net Assets
$314,509
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
FL
Principal Officer
Michael Gilbert
Phone
8132372530
Tax Period
2024-01-01 to 2024-12-31

The Family Enrichment Center Inc, founded in 1992, is a small nonprofit in the Human Services sector that reported $905K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $877K left a modest 3% surplus.

Mission

Child placing agency for foster children. The mission of the agency is to be as responsive as possible to vulnerable children and families; to ensure parents have the support they need by finding both substitute and permanent homes for children who have been removed from their families because of abuse and/or neglect.

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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 (2024)

Revenue Breakdown

Contributions & Grants $878,766
Program Service Revenue $23,807
Investment Income $2,156
Other Revenue $0
TOTAL REVENUE $904,729

Expense Breakdown

Grants Paid $0
Salaries & Benefits $595,698
Fundraising Expenses $0
Program Expenses $798,875
Other Expenses $281,309
TOTAL EXPENSES $877,007

Year-over-Year Comparison

2024 2023 Change
Revenue $904,729 $796,786 +0.1%
Expenses $877,007 $806,125 +0.1%
Net Income $27,722 $-9,339 -4.0%
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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Governance

Voting Members
10
Independent Members
10
Employees
21
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
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marlene York-Monroe President 10.00
Officer Director
$0 $0 $0
Darlene Green Secretary 0.50
Officer Director
$0 $0 $0
Felicia Acosta Treasurer 0.50
Officer Director
$0 $0 $0
Michael Gilbert CEO 1.00
Officer Director
$0 $0 $0
Clarence Gyden Vice Chair 0.50
Officer Director
$0 $0 $0
Donald Jorden Board Member 0.50
Director
$0 $0 $0
Pam Bush Board Member 0.50
Director
$0 $0 $0
Paul Rubein Board Member 0.50
Director
$0 $0 $0
Tyronne Reddish Board Member 0.50
Director
$0 $0 $0
Akillah Boyd Board Member 0.50
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
2024 $904,729 $877,007 $344,967 $27,722
2023 $796,786 $806,125 $327,211 $-9,339
2022 $855,810 $855,194 $335,777 $616
2021 $716,501 $729,899 $318,381 $-13,398
2020 $759,512 $753,284 $416,681 $6,228
2019 $474,774 $812,062 $311,072 $-337,288
2018 $920,969 $732,502 $649,653 $188,467
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