FORGET ME NOT FAMILY CARE HOME

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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

2015

Legal Domicile

Principal Officer

PAMELA SPETA

Phone

5413788115

Tax Period

2023-01-01 to 2023-12-31

FORGET ME NOT FAMILY CARE HOME, founded in 2015, is a small nonprofit in the Human Services sector that reported $127K in total revenue in fiscal year 2023. Expenses of $174K exceeded revenue, resulting in a 37% operating deficit.

Mission

TO PROVIDE A SECURE AND SAFE DEMENTIA CARE BUILDING AND SURROUNDINGS.

Program Service Accomplishments

Program 1

Expenses: $151,472 Revenue: $53,445

PROVIDED ADULT DAY CARE AND ASSISTED FAMILY LIVING FOR THOSE WITH DEMENTIA, PARKINSONS, AND OTHER BRAIN INJURIES. PROVIDED WEEKLY COMMUNITY WELLNESS CLASSES AIMED TO HELP SLOW DOWN THE PROGRESSION OF AGE-RELATED DISEASES AND PARKINSONS DISEASE. CLASSES INCLUDED SPECIALTY COOKING, SWIMMING, AND ROCK STEADY BOXING.

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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 $73,564

Program Service Revenue $53,445

Investment Income $0

Other Revenue $0

TOTAL REVENUE $127,009

Expense Breakdown

Grants Paid $87

Salaries & Benefits $39,446

Fundraising Expenses $0

Program Expenses $151,472

Other Expenses $134,028

TOTAL EXPENSES $173,561

Year-over-Year Comparison

	2023	2022	Change
Revenue	$127,009	$129,157	0.0%
Expenses	$173,561	$162,167	+0.1%
Net Income	$-46,552	$-33,010	+0.4%

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

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
PAMELA SPETA	PRESIDENT	40.00	Officer Director	$0	$0	$0
BARBARA TENNESON	TREASURER	1.00	Officer Director	$0	$0	$0
CRAIG TUSS	SECRETARY/VI	1.00	Officer 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	$127,009	$173,561	$869,457	$-46,552
2022	$129,157	$162,167	$891,744	$-33,010
2021	$206,320	$101,180	$870,276	$105,140