FAMILIES FOR FAMILIES

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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

2019

Legal Domicile

Principal Officer

CRISTYN MADLEY

Phone

2014995622

Tax Period

2023-01-01 to 2023-12-31

FAMILIES FOR FAMILIES, founded in 2019, is a small nonprofit in the Human Services sector that reported $481K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

PROVIDING FAMILIES IN NEED OF CLOTHING, FOOD AND SHELTER BY ACCEPTING DONATIONS OF FOOD, CLOTHING, FURNITURE AND PROVIDING SAME TO THOSE IN NEED

Program Service Accomplishments

Program 1

Expenses: $112,256 Revenue: $115,404

FOOD PANTRY - PROVIDES FOOD TO FAMILIES IN NEED THROUGH OUR "CHOICE" PANTRY. THE PANTRY IS OPEN TWO DAYS A WEEK AND BY APPOINTMENT AND GIVES FAMILIES THE OPPORTUNITY TO CHOOSE THE ITEMS THAT ARE MOST APPROPRIATE FOR THEIR FAMILY (TO MEET THEIR DIETARY NEEDS, ALLERGIES AND ALSO TASTE). FOOD PANTRY VISITORS CAN ALSO CHOOSE FROM CLOTHING AND HOUSEWARES THAT ARE AVAILABLE FOR THEM TO TAKE AS WELL AS COATS, BACKPACKS FILLED WITH SCHOOL SUPPLIES AND HOLIDAY GIFTS THAT ARE OFFERED DURING SEASONAL TIMES. THIS YEAR THE PANTRY SERVED OVER 5000 INDIVIDUALS.

Program 2

Expenses: $8,367 Revenue: $4,072

ADOPT A FAMILY FOR THE HOLIDAYS - HOLIDAY GIFTS ARE COLLECTED AND DISTRIBUTED THROUGH A ONE TO ONE SPONSORSHIP PROGRAM. FAMILIES "ADOPT" A FAMILY IN NEED AND PURCHASE GIFTS FOR THAT FAMILY. THE...

ADOPT A FAMILY FOR THE HOLIDAYS - HOLIDAY GIFTS ARE COLLECTED AND DISTRIBUTED THROUGH A ONE TO ONE SPONSORSHIP PROGRAM. FAMILIES "ADOPT" A FAMILY IN NEED AND PURCHASE GIFTS FOR THAT FAMILY. THE PROGRAM CULMINATES WITH A HOLIDAY PARTY WHERE SPONSORS AND RECIPIENTS CAN CELEBRATE THE HOLIDAYS TOGETHER. IN 2023, 532 INDIVIDUALS FROM 152 FAMILIES FROM 5 DIFFERENT AGENCIES RECEIVEDHOLIDAY GIFTS.

Program 3

Expenses: $270,141 Revenue: $210,573

FURNISHING GREAT STARTS - PROVIDES FAMILIES TRANSITIONING OUT OF HOMELESS SHELTERS WITH DONATED HOUSEWARES AND FURNITURE. WE COLLECT FURNITURE AND HOUSEHOLD ITEMS FROM THE COMMUNITY AND DISPLAY THEM IN OUR WAREHOUSE SO THAT FAMILIES CAN COME AND CHOOSE THE ITEMS THAT THEY ARE IN NEED OF. BY HAVING THEM CHOOSE THE ITEMS THEMSELVES, WE HOPE THAT IT GIVES THEM A SENSE OF DIGNITY ABOUT THE PROCESS AND PRIDE OF OWNERSHIP TO HELP THEM START THE NEXT CHAPTER OF THEIR LIVES ON A POSITIVE NOTE. IN 2023, DURING 24 MOVE DAYS, WE PICKED UP DONATIONS OF FURNITURE FROM OVER 100 DONORS AND DELIVERED TO 83 FAMILIES. A TOTAL OF 89 FAMILIES RECEIVED FURNITURE AND HOUSEWARES AS SOME PICKED UP THE ITEMS THEMSELVES.

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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 $447,641

Program Service Revenue $0

Investment Income $135

Other Revenue $32,734

TOTAL REVENUE $480,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,875

Fundraising Expenses $4,234

Program Expenses $484,145

Other Expenses $464,880

TOTAL EXPENSES $521,755

Year-over-Year Comparison

	2023	2022	Change
Revenue	$480,510	$352,850	+0.4%
Expenses	$521,755	$322,838	+0.6%
Net Income	$-41,245	$30,012	-2.4%

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

N/A

Volunteers

376

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

$50,000

Total Directors