Family for Life Inc (EIN 821629513) - 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

2017

Legal Domicile

Principal Officer

Keith Davis

Phone

9185044311

Tax Period

2023-01-01 to 2023-12-31

Family for Life Inc, founded in 2017, is a small nonprofit in the Human Services sector that reported $669K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $641K left a modest 4% surplus.

Mission

To provide a supportive environment where foster families, biological families, and the children they love and service may work toward healing from painful past through faith and friendship.

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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 $668,461

Program Service Revenue $0

Investment Income $68

Other Revenue $0

TOTAL REVENUE $668,529

Expense Breakdown

Grants Paid $0

Salaries & Benefits $514,930

Fundraising Expenses $46,424

Program Expenses $350,838

Other Expenses $125,727

TOTAL EXPENSES $640,657

Year-over-Year Comparison

	2023	2022	Change
Revenue	$668,529	$537,608	+0.2%
Expenses	$640,657	$530,184	+0.2%
Net Income	$27,872	$7,424	+2.8%

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

N/A

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

$159,124

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Keith Davis	Director	40.00	Director	$62,485	$0	$62,485
Ronda Davis	Director	20.00	Director	$41,785	$0	$41,785
Taylor Romaine	Director	40.00	Director	$54,854	$0	$54,854

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	$668,529	$640,657	$70,323	$27,872
2022	$537,608	$530,184	$45,559	$7,424
2021	$499,650	$427,261	$79,842	$72,389
2020	$309,186	$314,348	$25,677	$-5,162

Family for Life Inc