CENTRAL FALLS CHILDREN FOUNDATION

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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

2020

Legal Domicile

Principal Officer

BEATA NELKEN

Phone

4013397046

Tax Period

2023-01-01 to 2023-12-31

CENTRAL FALLS CHILDREN FOUNDATION, founded in 2020, is a community nonprofit in the Health Care sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 117% from the prior year, signaling strong growth momentum. The organization ran a surplus of $737K, a strong 45% operating margin.

Mission

SUPPORT THE HEALTH AND WELL-BEING OF THE UNDERINSURED CHILDREN OF CENTRAL FALLS

Program Service Accomplishments

Program 1

Expenses: $116,798 Revenue: $100,000

BEHAVIOR HEALTH: bilingual behavioral health clinician to assist high risk children recovering from pandemic and general transitions.

Program 2

Expenses: $102,400 Revenue: $300,000

NUTRITION:trilingual nutritionist helping families one-on-one in the clinic with issues of Failure to Thrive, underweight, overweight and obesity.

Program 3

Expenses: $122,790 Revenue: $100,000

VACCINES:primary care vaccines in addition to being the premier site for all of RI for children arriving newly to the State from other states. Efficiently vaccinate kids for school entry, along with...

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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 $1,637,481

Program Service Revenue $0

Investment Income $1,457

Other Revenue $0

TOTAL REVENUE $1,638,938

Expense Breakdown

Grants Paid $66,200

Salaries & Benefits $611,031

Fundraising Expenses $0

Program Expenses $543,624

Other Expenses $225,192

TOTAL EXPENSES $902,423

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,638,938	$754,640	+1.2%
Expenses	$902,423	$506,038	+0.8%
Net Income	$736,515	$248,602	+2.0%

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

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

Total Directors

Key Employees

$41,600

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEATA NELKEN	EXECUTIVE DIRECTOR	15.00	Key Emp	$41,600	$0	$41,600

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	$1,638,938	$902,423	$1,240,663	$736,515
2022	$754,640	$506,038	$249,509	$248,602