The Family Initiative Inc

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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

MICHAEL A PATRICK

Phone

6203436111

Tax Period

2022-07-01 to 2023-06-30

The Family Initiative Inc, founded in 2019, is a mid-sized nonprofit in the Human Services sector that reported $79.4M in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO ENCOURAGE THE INVOLVEMENT OF THE ORGANIZATION'S AFFILIATES IN CHILD PLACEMENT AND CHILD GUIDANCE SERVICES UNDER GOVERNMENTAL PROGRAMS FOR CHILDREN IN THE GENERAL PUBLIC, AND IN PROVIDING A FAMILY LIVING EXPERIENCE, SEE SCHEDULE O FOR CONTINUATION.

Program Service Accomplishments

Program 1

Expenses: $65,188,916 Revenue: $68,379,341

Resource Foster Care: While there are many different levels and types of resource care within the program, the primary focus is to work closely with each and every resource care family. Some of the services include: 24 hour on-call social worker, support meetings, free ongoing training, respite care, resource parent liability insurance. See Schedule O for continuation.

Program 2

Expenses: $11,259,324 Revenue: $9,780,217

RESIDENTIAL & INDEPENDENT LIVING SERVICE: THE PSYCHIATRIC RESIDENTIAL TREATMENT FACILITY (PRTF) WORKS ACTIVELY WITH FAMILIES, CHILD WELFARE AGENCIES, HOSPITALS, AND COMMUNITY MENTAL HEALTH CENTERS...

RESIDENTIAL & INDEPENDENT LIVING SERVICE: THE PSYCHIATRIC RESIDENTIAL TREATMENT FACILITY (PRTF) WORKS ACTIVELY WITH FAMILIES, CHILD WELFARE AGENCIES, HOSPITALS, AND COMMUNITY MENTAL HEALTH CENTERS, IN COLLABORATIVE PARTNERSHIP, TO OFFER STRENGTHS-BASED, CULTURALLY COMPETENT, AND MEDICALLY APPROPRIATE TREATMENT DESIGNED TO MEET THE INDIVIDUAL NEEDS OF THE RESIDENT, INCLUDING THOSE RESIDENTS IDENTIFIED WITH SEVERE EMOTIONAL BEHAVIOR ISSUES. SEE SCHEDULE O FOR CONTINUATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $990,808

Program Service Revenue $78,159,558

Investment Income $181,095

Other Revenue $22,655

TOTAL REVENUE $79,354,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,980,398

Fundraising Expenses $38,554

Program Expenses $76,448,240

Other Expenses $55,486,559

TOTAL EXPENSES $79,466,957

Year-over-Year Comparison

	2022	2021	Change
Revenue	$79,354,116	$68,847,107	+0.2%
Expenses	$79,466,957	$73,548,995	+0.1%
Net Income	$-112,841	$-4,701,888	-1.0%

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

507

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

$913,141

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL A PATRICK	CEO	1.0	Officer	$357,986	$36,458	$394,444
SHIRLEY DWYER	COO	1.0	Officer	$198,260	$13,788	$212,048
BRENDEN J LONG	GENERAL COUNSEL	1.0	Officer	$164,309	$13,421	$177,730
LINDA GARCIA	SENIOR VP, 2INGAGE	40.0	Highest	$146,311	$13,719	$160,030
CAROL DOLD-HARRIS	CFO	20.0	Officer	$115,657	$13,262	$128,919
RANDY NEFF	VP, PERMANENCY	40.0	Highest	$115,313	$6,670	$121,983
Michael Gichoga	VP of Information Technology	40.0	Highest	$109,826	$11,520	$121,346
Victor Dawson - VP	Residential & Treatment Svcs	40.0	Highest	$108,459	$6,337	$114,796
Kyle Manahan	Senior Data $ Business Analyst	40.0	Highest	$103,440	$11,159	$114,599
TERESA CLOUNCH	BOARD CHAIR	1.0	Officer Director	$0	$0	$0
AMY KLOTZ	BOARD MEMBER	1.0	Director	$0	$0	$0
DAVID COOPER	BOARD VICE CHAIR	1.0	Officer Director	$0	$0	$0
RAE ANDERSON	BOARD MEMBER	1.0	Director	$0	$0	$0
BEN TENPENNY	BOARD MEMBER	1.0	Director	$0	$0	$0
PHIL RITCHEY	BOARD MEMBER	1.0	Director	$0	$0	$0
JOEY REYES	BOARD MEMBER	1.0	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$79,354,116	$79,466,957	$23,512,961	$-112,841
2022	$68,847,107	$73,548,995	$18,507,670	$-4,701,888