CENTRAL FALLS CHILDREN FOUNDATION

EIN: 844269664 501(c)(3) Health Care

CENTRAL FALLS, RI

Total Revenue
$1,638,938
Total Expenses
$902,423
Total Assets
$1,240,663
Net Assets
$986,024
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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
RI
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

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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 $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

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Governance

Voting Members
5
Independent Members
5
Employees
3
Volunteers
5

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
0
$0
Total Directors
0
$0
Key Employees
1
$41,600
Highest Compensated
0
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
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