FAMILY ELDERCARE INC (EIN 742286387) - 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

1982

Legal Domicile

Principal Officer

TAMMY ATKINS

Phone

5124500844

Tax Period

2023-01-01 to 2023-12-31

FAMILY ELDERCARE INC, founded in 1982, is a mid-sized nonprofit in the Human Services sector that reported $17.4M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum.

Mission

HOUSING AND COMMUNITY SERVICES TO KEEP OUR COMMUNITY STABLY HOUSED, FINANCIALLY SECURE, HEALTHY, EQUITABLE, AND SUPPORTED; HEALTH AND WELLNESS TO PROMOTE PHYSICAL, MENTAL, AND SOCIAL WELL-BEING IN THE HOMES OF OLDER ADULTS EXPERIENCING BARRIERS IN LIFE; ADVOCACY AND OUTREACH AS LIFE-LONG ADVOCATES FOR PEOPLE WITH DISABILITIES, THOSE WHO IDENTIFY LGBTQIA+, AND PERSONS EXPERIENCING HOMELESSNESS.

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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 $15,645,184

Program Service Revenue $1,589,691

Investment Income $16,454

Other Revenue $103,013

TOTAL REVENUE $17,354,342

Expense Breakdown

Grants Paid $6,953,725

Salaries & Benefits $9,055,374

Fundraising Expenses $416,891

Program Expenses $15,760,918

Other Expenses $2,144,450

TOTAL EXPENSES $18,153,549

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,354,342	$12,298,191	+0.4%
Expenses	$18,153,549	$12,777,815	+0.4%
Net Income	$-799,207	$-479,624	+0.7%

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

184

Volunteers

112

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

$258,448

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM COCKBURN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES COLLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES CURRY	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBORAH L KERR PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
CORY MACDONALD	BOARD MEMBER	1.00	Director	$0	$0	$0
ALI FOYT	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNA VANDER BROEK	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTIE HALL	BOARD MEMBER	1.00	Director	$0	$0	$0
FRED LUGO	BOARD MEMBER	1.00	Director	$0	$0	$0
AARON ALARCON	CEO	40.00	Officer	$198,112	$8,877	$206,989
ERIC MARIN	CFO (AUG-DEC)	40.00	Officer	$51,381	$78	$51,459
SHONTELL GAUTHIER	DIR., FINANCIAL & HOUSING STABILITY	40.00	Highest	$118,800	$15,343	$134,143
JOYCE HEFNER	DIR., HOUSING & COMMUNITY SERVICES	40.00	Highest	$109,972	$12,441	$122,413
MARISOL CALVO	CHIEF PEOPLE AND CULTURE OFFICER	40.00	Highest	$103,240	$8,899	$112,139

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	$17,354,342	$18,153,549	$7,492,307	$-799,207
2022	$12,298,191	$12,777,815	$6,372,520	$-479,624
2021	$12,221,566	$11,423,847	$6,307,205	$797,719
2020	$8,269,024	$7,142,748	$5,796,014	$1,126,276
2019	$5,203,767	$5,297,646	$4,619,297	$-93,879

FAMILY ELDERCARE INC