FAMILY FINANCIAL EDUCATION FOUNDATION

EIN: 830320495 501(c)(3) Human Services

EVANSTON, WY

Total Revenue
$787,969
Total Expenses
$754,274
Total Assets
$2,551,560
Net Assets
$1,570,361
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
WY
Principal Officer
WILLIAM R CLUNY
Phone
3077892010
Tax Period
2023-01-01 to 2023-12-31

FAMILY FINANCIAL EDUCATION FOUNDATION, founded in 1997, is a small nonprofit in the Human Services sector that reported $788K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $754K left a modest 4% surplus.

Mission

The mission of Family Financial Education Foundation FFEF is to strengthen and support low to moderate income individuals, families, and communities by teaching them how to apply sound money management skills by providing free customized financial education, counseling, debt management programs and other related services.

Program Service Accomplishments

Program 1
Revenue: $139,356

Each Month clients have access to a monthly newsletter that includes timely topics. Weekly financial articles and tips are also posted to the social media sites providing additional education...

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Each Month clients have access to a monthly newsletter that includes timely topics. Weekly financial articles and tips are also posted to the social media sites providing additional education throughout the month. News Letters include Tips to Keep Your Money Safe This Holiday, The Good Bad of Loaning Money to Friends Family, October is Financial Planning Month, Understanding the Numbers on Your Paycheck, Shopping Decisions - Make the Best Decision for You, Coping with the High Cost of Gasoline, Budgeting is More Important than Ever, Managing Your Household Records, Dont Be Taken in by Charity Scams, Making Wise Investment Choices for your 401k Plan, Understanding Social Security Benefits, Financial Tips for Single Parents.

Program 2
Revenue: $494,294

Debt Management, this program is for people who can no longer afford to make their minimum monthly payments to creditors. The FFEF Debt management program can provide much-needed relief and help...

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Debt Management, this program is for people who can no longer afford to make their minimum monthly payments to creditors. The FFEF Debt management program can provide much-needed relief and help people work their way back to being financially Stable. FFEF completes a full budget analysis of the clients current financial situation and determines a timeline for paying off the debt. Proposals are sent to their creditors to negotiate lower interest rates and lower monthly payment amounts. Although many creditors will lower their interest rates, some may not. FFEF also works to have accounts re-aged or brought current. As balances are paid in full, the pament rolls up to the creditor with the next smallest balance. This shortens the time a person is in debt and decreases the amount of money he will pay before he is debt free.

Program 3
Revenue: $1,707

Credit Score Review/My Credit Plan, provides a quality 3-in-1 credit report with FICO scores from Equifax, Experian, and TransUnion. This is the same report used by mortgage companies, banks, and...

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Credit Score Review/My Credit Plan, provides a quality 3-in-1 credit report with FICO scores from Equifax, Experian, and TransUnion. This is the same report used by mortgage companies, banks, and other lenders. This review will teach clients how to improve their credit score and how to dispute any errors. One of FFEFs Certified Credit Report Reviewers will counsel and guide the client line by line through the credit report to answer any questions and address any concerns. This is not credit repair.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $202,434
Program Service Revenue $252,639
Investment Income $332,896
Other Revenue $0
TOTAL REVENUE $787,969

Expense Breakdown

Grants Paid $0
Salaries & Benefits $410,687
Fundraising Expenses $0
Other Expenses $343,587
TOTAL EXPENSES $754,274

Year-over-Year Comparison

2023 2022 Change
Revenue $787,969 $553,833 +0.4%
Expenses $754,274 $1,160,881 -0.4%
Net Income $33,695 $-607,048 -1.1%
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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Governance

Voting Members
3
Independent Members
3
Employees
12
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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN C PHILLIPS Director 001.00
Director
$0 $0 $0
CRAIG WELLING Director 001.00
Director
$0 $0 $0
DONALD R FRAKES Director 001.00
Director
$0 $0 $0
WILLIAM R CLUNY President CEO 050.00
Officer 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 No data No data No data No data
2023 $787,969 $754,274 $2,551,560 $33,695
2022 $553,833 $1,160,881 $2,515,876 $-607,048
2021 $1,346,527 $1,128,605 $2,580,776 $217,922
2020 $1,212,508 $1,191,567 $2,466,406 $20,941
2019 $1,327,744 $1,179,249 $2,258,885 $148,495
2018 $1,215,824 $1,247,793 $2,060,519 $-31,969
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