DORCHESTER, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FAMILY NURTURING SUPPORT CORPORATION, founded in 2017, is a small nonprofit in the Human Services sector that reported $156K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $309K exceeded revenue, resulting in a 98% operating deficit.
TO SUPPORT FAMILY NURTURING CENTER OF MASSACHUSETTS BY FINANCING AND REDEVELOPING ITS FACILITY AND LEASE IT BACK TO FNC, AND TO SUPPORT FNC IN ANY OTHER ALLOWABLE MANNER.
FNSC WAS CREATED FOR THE SPECIFIC PURPOSE OF REDEVELOPING THE PROPERTY LOCATED AT 200 BOWDOIN STREET IN DORCHESTER, MASSACHUSETTS (THE "PROPERTY") INTO A 12,800 SQUARE FOOT BUILDING (THE "PROJECT")...
FNSC WAS CREATED FOR THE SPECIFIC PURPOSE OF REDEVELOPING THE PROPERTY LOCATED AT 200 BOWDOIN STREET IN DORCHESTER, MASSACHUSETTS (THE "PROPERTY") INTO A 12,800 SQUARE FOOT BUILDING (THE "PROJECT") THROUGH A NEW MARKETS TAX CREDIT ("NMTC") FINANCING ARRANGEMENT UNDER SECTION 45D OF THE IRC, AS AMENDED. ON SEPTEMBER 21, 2018, FNC SOLD THE PROPERTY TO FNSC IN CONJUNCTION WITH THE CLOSING OF THE NMTC TRANSACTION. UPON CONSTRUCTION COMPLETION, IN JANUARY 2020 FNC LEASED BACK THE PROPERTY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $156,000 | $137,000 | +0.1% |
| Expenses | $308,965 | $343,594 | -0.1% |
| Net Income | $-152,965 | $-206,594 | -0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TARAN GRISBY | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KARLA WALLACE | TREASURER/CLERK | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| WAYNE L WORKMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SAMUEL B KNIGHT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT L PEABODY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $156,000 | $308,965 | $5,091,528 | $-152,965 |
| 2024 | $137,000 | $343,594 | $5,223,855 | $-206,594 |
| 2023 | $137,500 | $343,302 | $5,396,496 | $-205,802 |
| 2022 | $139,000 | $405,295 | $5,601,062 | $-266,295 |
| 2021 | $139,015 | $350,991 | $5,799,017 | $-211,976 |
| 2020 | $198,030 | $158,674 | $6,053,179 | $39,356 |
| 2019 | $410,297 | No data | $6,478,391 | No data |
Compare FAMILY NURTURING SUPPORT CORPORATION with other nonprofits in Massachusetts and across the country.