Family Life Missions Inc

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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

1992

Legal Domicile

Principal Officer

Charles Bennett

Phone

6158816688

Tax Period

2023-01-01 to 2023-12-31

Family Life Missions Inc, founded in 1992, is a small nonprofit in the International Affairs sector that reported $490K in total revenue in fiscal year 2023. Net assets of $1.3M represent 33 months of operating reserves.

Mission

Charitable, Humanitarian, Religious, Educational

Program Service Accomplishments

Program 1

Expenses: $350,613 Revenue: $0

Christian non-profit organizatoin established to provide child care services to destitute children and to improve the spiritual and physical lives of families. The focus is on the operation of a...

Christian non-profit organizatoin established to provide child care services to destitute children and to improve the spiritual and physical lives of families. The focus is on the operation of a Children's Home and private educational ministry in Honduras. The programs are primarily administered through volunteers allowing contributions to be utilized in assistance to children and related efforts

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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 (2023)

Revenue Breakdown

Contributions & Grants $322,161

Program Service Revenue $0

Investment Income $24,420

Other Revenue $143,703

TOTAL REVENUE $490,284

Expense Breakdown

Grants Paid $0

Salaries & Benefits $268,041

Fundraising Expenses $0

Program Expenses $350,613

Other Expenses $224,254

TOTAL EXPENSES $492,295

Year-over-Year Comparison

	2023	2022	Change
Revenue	$490,284	$468,781	+0.0%
Expenses	$492,295	$549,867	-0.1%
Net Income	$-2,011	$-81,086	-1.0%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alan Kelley	Chairman	1.00	Officer Director	$0	$0	$0
James Collins Corder	Vice-Chairman	1.00	Officer Director	$0	$0	$0
Carol Echols	Director	1.00	Director	$0	$0	$0
John Collett	Director	1.00	Director	$0	$0	$0
Chuck Bennett	Treasurer	40.00	Officer Director	$0	$0	$0
Matt Thompson	Secretary	1.00	Officer Director	$0	$0	$0
John Kelley	Director	1.00	Director	$0	$0	$0
Chris White	Director	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
2024	No data	No data	No data	No data
2023	$490,284	$492,295	$1,337,715	$-2,011
2022	$468,781	$549,867	$1,295,486	$-81,086
2021	$309,619	$328,655	$1,486,377	$-19,036
2020	$288,177	$328,146	$1,404,425	$-39,969
2019	$317,066	$323,427	$1,352,121	$-6,361
2018	$367,315	$430,770	$1,126,967	$-63,455