FAMILY RESOURCE AGENCY INC (EIN 620876593) - 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

1972

Legal Domicile

Principal Officer

PAULA BACON

Phone

4234799339

Tax Period

2024-01-01 to 2024-12-31

FAMILY RESOURCE AGENCY INC, founded in 1972, is a community nonprofit in the Human Services sector that reported $9.3M in total revenue in fiscal year 2024.

Mission

TO SERVE FAMILIES, CHILDREN AND ADULTS IN WAYS THAT IMPROVE THEIR QUALITY OF LIFE AND ENABLE THEM TO BECOME MORE SELF-SUFFICIENT, PRODUCTIVE MEMBERS OF THE COMMUNITY.

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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 $9,196,745

Program Service Revenue $25,558

Investment Income $15,159

Other Revenue $23,168

TOTAL REVENUE $9,260,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,526,926

Fundraising Expenses $0

Program Expenses $8,860,196

Other Expenses $2,084,030

TOTAL EXPENSES $9,610,956

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,260,630	$9,461,937	0.0%
Expenses	$9,610,956	$9,301,883	+0.0%
Net Income	$-350,326	$160,054	-3.2%

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

Governance

Voting Members

Independent Members

Employees

212

Volunteers

137

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

$389,040

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEANA LAUDNER	PAST PRESIDENT	1.00	Director	$0	$0	$0
SANDRA HOLDER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN CORUM	PRESIDENT ELECT	1.00	Director	$0	$0	$0
CATHY ALLSHOUSE	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN BARTO	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
KELLY BROWAND	DIRECTOR	1.00	Director	$0	$0	$0
AMBER CURRY	PC REP ALT	1.00	Director	$0	$0	$0
TAMMIE WALKER	DIRECTOR	1.00	Director	$0	$0	$0
MORGAN RICHARDS	PC REP ALT	1.00	Director	$0	$0	$0
RYAN GOODMAN	DIRECTOR	1.00	Director	$0	$0	$0
JASON HARTMAN	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
SHARON HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE POPE	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL PINTO	GA PC REP	1.00	Director	$0	$0	$0
PAIGE RAPSON	DIRECTOR	1.00	Director	$0	$0	$0
TIM TATUM	DIRECTOR	1.00	Director	$0	$0	$0
PAULA BACON	CEO	20.00	Officer	$92,415	$9,398	$194,228
JOE ADAMS	FISCAL DIR	20.00	Officer	$92,695	$9,422	$194,812

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	$9,260,630	$9,610,956	$3,368,821	$-350,326
2023	$9,461,937	$9,301,883	$3,467,775	$160,054
2022	$9,293,392	$9,276,809	$3,123,531	$16,583
2021	$9,066,873	$8,977,093	$1,633,879	$89,780
2020	$8,106,550	$7,957,778	$1,808,623	$148,772
2019	$7,975,397	$8,164,077	$1,907,032	$-188,680
2018	$7,973,067	$8,134,421	$1,718,524	$-161,354

FAMILY RESOURCE AGENCY INC