FIBCO Family Services 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

1986

Legal Domicile

Phone

4806986453

Tax Period

2023-01-01 to 2023-12-31

FIBCO Family Services Inc, founded in 1986, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $417K, a strong 22% operating margin.

Mission

DEDICATED TO MEETING THE NEEDS OF OUR COMMUNITY BY PROVIDING RESOURCES TO ASSIST INDIVIDUALS AND FAMILIES IN BECOMING SELF-SUSTAINING.

Program Service Accomplishments

Program 1

Expenses: $1,166,040 Revenue: $1,351,908

THROUGH OUR AFFORDABLE HOUSING PROGRAM WE PROVIDE LONG-TERM HOUSING FOR LOW-INCOME AND/OR MENTALLY CHALLENGED INDIVIDUALS IN STATE ASSISTED PROGRAMS. FIBCO HOUSED 106 PERSONS AS TENANTS IN ITS...

THROUGH OUR AFFORDABLE HOUSING PROGRAM WE PROVIDE LONG-TERM HOUSING FOR LOW-INCOME AND/OR MENTALLY CHALLENGED INDIVIDUALS IN STATE ASSISTED PROGRAMS. FIBCO HOUSED 106 PERSONS AS TENANTS IN ITS PERMANENT HOUSING FOR THE EDERLY, DISABLED AND SERIOUSLY MENTAL ILL ADULTS.

Program 2

Expenses: $101,153 Revenue: $506,072

THROUGH OUR HUMAN SERVICES PROGRAM, WE PROVIDE FOOD, CLOTHING, AND OTHER SERVICES TO FAMILIES IN NEED OF ASSISTANCE. FIBCO PROVIDED 14,422 SACK LUNCHES AND DELIVERED 477 EMERGENCY FOOD BOXES, PLUS 11 THANKSGIVING BOXES. 4,856 VISITS FOR CLOTHING ITEMS AND SHOES WERE PROVIDED TO INDIVIDUALS IN NEED THROUGH OUR CLOTHING DISTRIBUTION CENTER. VOLUNTEERS PROVIDED 2,750 HOURS OF ASSISTANCE TO THE PROGRAM.

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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 $581,982

Program Service Revenue $1,351,908

Investment Income $0

Other Revenue $-56

TOTAL REVENUE $1,933,834

Expense Breakdown

Grants Paid $0

Salaries & Benefits $156,953

Fundraising Expenses $10,581

Program Expenses $1,267,193

Other Expenses $1,359,812

TOTAL EXPENSES $1,516,765

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,933,834	$2,414,002	-0.2%
Expenses	$1,516,765	$1,518,912	0.0%
Net Income	$417,069	$895,090	-0.5%

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

N/A

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

$63,747

Total Directors

$49,154

Key Employees

$14,593

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David A Robinson	Board Member	2.00	Director	$0	$0	$0
Cynthia C Brown	Board Member	2.00	Director	$0	$0	$0
Tracee Hall Crockett	Board Member	2.00	Director	$0	$0	$0
Sharee M Hurts	Board Member	4.00	Director	$0	$0	$0
Dr Warren H Stewart	Ex Officio - Founder	2.00	Director	$0	$0	$0
Darnell Sells	Board Member	2.00	Director	$0	$0	$0
Ernest H Urquhart	Board Chair	5.00	Director	$0	$0	$0
Norman Landsen Jr	Board Member	2.00	Director	$0	$0	$0
Akilah Stewart	Board Chair	25.00	Officer Director	$49,154	$0	$49,154
Mathew Stewart	Secretary/Vice Chair	4.00	Officer Director	$0	$0	$0
Erika Alexander	Treasurer	2.00	Officer Director	$0	$0	$0
Chiquita Taylor	Ex-Officio Executive Director	40.00	Officer Key Emp	$14,593	$0	$14,593

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	$1,933,834	$1,516,765	$3,504,538	$417,069
2022	$2,414,002	$1,518,912	$3,064,446	$895,090
2021	$1,599,029	$1,595,067	$3,096,165	$3,962
2020	$1,531,363	$1,577,112	$2,846,902	$-45,749
2019	$1,436,296	$1,314,225	$2,783,692	$122,071
2018	$1,440,456	$1,345,676	$2,664,769	$94,780