Passion For Families Inc (EIN 814016352) - 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

2016

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

Passion For Families Inc, founded in 2016, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2024. The organization ran a surplus of $273K, a strong 16% operating margin.

Mission

Community based organization that provides support services to at-risk children, youth and their caregivers. Our core focus is to assist children & yourth in the foster care ssytem and those transitioning ouf of the system

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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 $1,752,013

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,752,013

Expense Breakdown

Grants Paid $0

Salaries & Benefits $368,714

Fundraising Expenses $0

Program Expenses $999,136

Other Expenses $1,110,519

TOTAL EXPENSES $1,479,233

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,752,013	N/A	N/A
Expenses	$1,479,233	N/A	N/A
Net Income	$272,780	N/A	N/A

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
Erica L Cleveland	Officer	20.00	Key Emp	$0	$0	$0
Namita Lamsal	Officer	40.00	Key Emp	$0	$0	$0
Micheal Cleveland	Executive Director	40.00	Highest	$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	$1,752,013	$1,479,233	$571,362	$272,780
2023	$1,138,774	$1,035,872	$298,582	$102,902
2022	$978,951	$867,148	$195,680	$111,803
2021	$902,175	$897,101	$83,877	$5,074
2020	$846,359	$716,624	$78,803	$129,735
2019	$365,843	$356,813	No data	$9,030

Passion For Families Inc