FAMILY OF CARE ALLIANCE 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

2012

Legal Domicile

Phone

3012760130

Tax Period

2024-07-01 to 2025-06-30

FAMILY OF CARE ALLIANCE INC, founded in 2012, is a small nonprofit in the Human Services sector that reported $271K in total revenue in fiscal year 2024. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 447% operating deficit.

Mission

TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF THE SUPPORTED ORGANIZATIONS BY, AMONG OTHER THINGS, ENGAGING IN THE ACTIVITIES OF MANAGING, SUPERVISING, MONITORING, REVIEWING, COORDINATING, AND PLANNING

Program Service Accomplishments

Program 1

Expenses: $1,480,326 Revenue: $270,853

FAMILY OF CARE ALLIANCE (FOCA) PROVIDES SUPPORT TO CHARLES COUNTY NURSING AND REHABILITATION CENTER AND TO CHARLES COUNTY NURSING AND REHABILITATION CENTER FOUNDATION RELATED TO MANAGEMENT...

FAMILY OF CARE ALLIANCE (FOCA) PROVIDES SUPPORT TO CHARLES COUNTY NURSING AND REHABILITATION CENTER AND TO CHARLES COUNTY NURSING AND REHABILITATION CENTER FOUNDATION RELATED TO MANAGEMENT, OVERSIGHT, PLANNING AND COORDINATING SERVICES, INCLUDING THE DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC PLANS, BUSINESS OFFICE AND FINANCIAL SERVICES, AND HUMAN RESOURCE MANAGEMENT SERVICES. FOCA ALSO EXTENDS ITS MANAGING SERVICES TO ITS AFFILIATED ORGANIZATION, FAMILY OF CARE REAL ESTATE HOLDING COMPANY, INC., A SUPPORTING ORGANIZATION WHICH MANAGES THE REAL PROPERTY FOR CHARLES COUNTY NURSING AND REHABILITATION CENTER.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $268,056

Investment Income $0

Other Revenue $2,798

TOTAL REVENUE $270,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $892,407

Fundraising Expenses $0

Program Expenses $1,480,326

Other Expenses $587,919

TOTAL EXPENSES $1,480,326

Year-over-Year Comparison

	2024	2023	Change
Revenue	$270,854	$1,403,035	-0.8%
Expenses	$1,480,326	$1,506,374	0.0%
Net Income	$-1,209,472	$-103,339	+10.7%

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

$498,791

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY WEAVER	CFO	10.00	Officer	$130,943	$52,457	$183,400
JOYCE RIGGS	VP DEVELOPMENT	20.00	Officer	$117,337	$43,816	$161,153
DENISE MCCANN	CHF NURSING OFC	0.00	Officer	$127,768	$26,470	$154,238
CAROLYN CORE	PRES/CEO	10.00	Officer Director	$0	$0	$0
WAYNE BARNES	SEC/TREASURER	2.00	Officer Director	$0	$0	$0
WILLIAM VAUGHN	Director	2.00	Director	$0	$0	$0
DIANE MOCK	Director	2.00	Director	$0	$0	$0
BARBARA STEPURA	Director	2.00	Director	$0	$0	$0
SCOTT STEVENSON	Director	2.00	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	$270,854	$1,480,326	$3,709,737	$-1,209,472
2024	No data	No data	No data	No data
2023	$1,759,860	$1,329,737	$4,899,983	$430,123
2022	$1,761,339	$1,246,925	$4,363,016	$514,414
2021	$1,760,828	$1,154,979	$3,822,202	$605,849
2020	$1,757,197	$1,412,773	$3,251,461	$344,424
2019	$1,918,683	$1,739,146	$3,027,657	$179,537
2018	$1,783,730	$1,813,664	$2,897,293	$-29,934