Family Service Center of Galveston County Texas

EIN: 741157849 501(c)(3) Human Services

Galveston, TX

Total Revenue
$3,863,874
Total Expenses
$4,648,051
Total Assets
$4,515,011
Net Assets
$3,826,330
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1914
Legal Domicile
TX
Principal Officer
Dr Jared Williams
Phone
4097628637
Tax Period
2023-09-01 to 2024-08-31

Family Service Center of Galveston County Texas, founded in 1914, is a community nonprofit in the Human Services sector that reported $3.9M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $4.6M exceeded revenue, resulting in a 20% operating deficit.

Mission

The Center is dedicated to enhancing the potential for growth of individuals and families. The Center strives to help people pursue healthy, independent,and fulfilling lives through the provision of counseling, education and related social services. The Center is committed to the creation and support of policies and programs consistent with its purposes that seek to improve the quality of life in the community and to cooperate with other agencies and organizations similarly engaged.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,489,776
Program Service Revenue $16,721
Investment Income $83,759
Other Revenue $273,618
TOTAL REVENUE $3,863,874

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,805,313
Fundraising Expenses $84,450
Program Expenses $3,686,560
Other Expenses $842,738
TOTAL EXPENSES $4,648,051

Year-over-Year Comparison

2023 2022 Change
Revenue $3,863,874 $3,410,489 +0.1%
Expenses $4,648,051 $4,059,499 +0.1%
Net Income $-784,177 $-649,010 +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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
69
Volunteers
69

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
3
$0
Total Directors
12
$0
Key Employees
1
$179,438
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alicia Coltzer Besser Board President 2.00
Officer Director
$0 $0 $0
Telishia Murray President Elect 2.00
Director
$0 $0 $0
Kaela Murray Secretary 2.00
Officer Director
$0 $0 $0
Hannah Peterson MD Treasurer 2.00
Officer Director
$0 $0 $0
Genette Bassett Member 0.50
Director
$0 $0 $0
Gail Cantini PhD Member 0.50
Director
$0 $0 $0
Crystal Davenport Member 0.50
Director
$0 $0 $0
Chris Homer Member 0.50
Director
$0 $0 $0
Mary Jones Member 0.50
Director
$0 $0 $0
Charles Pulliam Member 0.50
Director
$0 $0 $0
Jenny Senter Member 0.50
Director
$0 $0 $0
Carla Voelkel Member 0.50
Director
$0 $0 $0
Dr Jared M Williams CEO 40.00
Key Emp
$179,438 $0 $179,438
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 $3,863,874 $4,648,051 $4,515,011 $-784,177
2023 $3,410,489 $4,059,499 $5,120,807 $-649,010
2023 $3,410,489 $4,059,499 $5,120,807 $-649,010
2022 $4,189,002 $3,470,821 $5,600,738 $718,181
2022 $4,274,689 $3,495,126 $5,662,122 $779,563
2021 $3,911,462 $2,885,407 $4,799,304 $1,026,055
2021 $3,903,405 $2,885,407 $4,791,247 $1,017,998
2020 $2,907,990 $2,820,714 $4,096,419 $87,276
2019 $3,647,326 $2,727,067 $2,763,934 $920,259
2019 $4,108,979 $2,626,073 $3,518,288 $1,482,906
2018 $3,043,439 $2,109,150 $1,753,000 $934,289
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