FAMILIES CONNECT INC

EIN: 852384716 501(c)(3) Human Services

TAMPA, FL

Total Revenue
$602,500
Total Expenses
$559,680
Total Assets
$81,692
Net Assets
$43,601
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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
FL
Principal Officer
CAROLANNE PATRIACO
Phone
8132908560
Tax Period
2023-01-01 to 2023-12-31

FAMILIES CONNECT INC, founded in 2020, is a small nonprofit in the Human Services sector that reported $602K in total revenue in fiscal year 2023. Revenue surged 1455% from the prior year, signaling strong growth momentum. Expenses of $560K left a modest 7% surplus.

Mission

TO PROVIDE SUPPORT AND OR ALTERNATIVE MENTAL HEALTH AND SUBSTANCE ABUSE INTERVENTIONS FOR CHILDREN FAMILIES AND ADULTS AT RISK AS WELL AS THOSE SERVED BY FLORIDA'S CHILD WELFARE SYSTEM OF CARE

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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 $600,000
Program Service Revenue $2,500
Investment Income $0
Other Revenue $0
TOTAL REVENUE $602,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $384,916
Fundraising Expenses $0
Program Expenses $558,823
Other Expenses $174,764
TOTAL EXPENSES $559,680

Year-over-Year Comparison

2023 2022 Change
Revenue $602,500 $38,745 +14.6%
Expenses $559,680 N/A N/A
Net Income $42,820 $38,745 +0.1%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
N/A
Employees
11
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLANNE PATRIACO EXECUTIVE DIRECTOR 4.00
Officer
$0 $0 $0
JENNIFER BROWN DIRECTOR 4.00
Officer
$0 $0 $0
PAULA BOOTH DIRECTOR 4.00
Officer
$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 $602,500 $559,680 $81,692 $42,820
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