FAMILY ASSISTANCE AND RESOURCE CENTER GROUP INC (EIN 832452215) - 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

2018

Legal Domicile

Principal Officer

Dennis Stoneman

Phone

5412247503

Tax Period

2023-01-01 to 2023-12-31

FAMILY ASSISTANCE AND RESOURCE CENTER GROUP INC, founded in 2018, is a small nonprofit in the Human Services sector that reported $422K in total revenue in fiscal year 2023. Revenue surged 149% from the prior year, signaling strong growth momentum. The organization ran a surplus of $99K, a strong 24% operating margin.

Mission

Our mission is to establish TRUST and inspire HOPE by providing access to resources, services, and education to those who are experiencing homelessness and housing instability.

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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 $421,947

Program Service Revenue $0

Investment Income $175

Other Revenue $169

TOTAL REVENUE $422,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $216,602

Fundraising Expenses $0

Program Expenses $322,978

Other Expenses $106,376

TOTAL EXPENSES $322,978

Year-over-Year Comparison

	2023	2022	Change
Revenue	$422,291	$169,510	+1.5%
Expenses	$322,978	$110,235	+1.9%
Net Income	$99,313	$59,275	+0.7%

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

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

$7,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shirley Byrd	Executive Director	30	Officer Highest	$1,800	$5,300	$7,100
Dennis Stoneman	Board Chair	1	Director	$0	$0	$0
Cindy Lindsay	Board member	1	Director	$0	$0	$0
Larry Horton	Board member	1	Director	$0	$0	$0
AJ Sanders	Board member	1	Director	$0	$0	$0
Steve Middendorf	Board member	1	Director	$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
2023	$422,291	$322,978	$595,473	$99,313

FAMILY ASSISTANCE AND RESOURCE CENTER GROUP INC