LOPEZ ISLAND FAMILY RESOURCE CENTER

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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

1999

Legal Domicile

Principal Officer

CHRISTINE GALLAGHER

Phone

3604684117

Tax Period

2023-01-01 to 2023-12-31

LOPEZ ISLAND FAMILY RESOURCE CENTER, founded in 1999, is a community nonprofit in the Human Services sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $456K, a strong 17% operating margin.

Mission

OUR MISSION IS TO PROVIDE RESOURCES AND GUIDANCE NECESSARY TO MEET THE BASIC NEEDS OF THE ENTIRE COMMUNITY. BUILDING ON THIS FOUNDATION OF WELLBEING, WE PROVIDE EDUCATIONAL AND ENGAGEMENT PROGRAMS, AND ADVOCATE FOR A MORE JUST AND EQUITABLE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,028,815

BUILD RESILIENCY - HOUSEHOLD SUPPORTS/BASIC NEEDS SERVING 1,027 INDIVIDUALS WITH RENTAL, FOOD, UTILITY, TRANSPORTATION AND OTHER ASSISTANCE INCLUDING BACK TO SCHOOL AND HOLIDAY GIVING PROGRAMS...

BUILD RESILIENCY - HOUSEHOLD SUPPORTS/BASIC NEEDS SERVING 1,027 INDIVIDUALS WITH RENTAL, FOOD, UTILITY, TRANSPORTATION AND OTHER ASSISTANCE INCLUDING BACK TO SCHOOL AND HOLIDAY GIVING PROGRAMS. INTENSIVE CASE MGMT PROVIDED TO 55 ADULTS WITH HOMELESSNESS, DOMESTIC VIOLENCE, MENTAL HEALTH AND OTHER ISSUES. ALSO 37 ADULTS RECEIVING THERAPY SVCS, 18 ADULTS PARTICIPATING IN THE HEART AND SOUL CAFE, AND MORE.

Program 2

Expenses: $850,919

CREATE OPPORTUNITIES - SOCIAL EMOTIONAL SUPPORT PROGRAMS SERVING 10 CHILDREN IN PRESCHOOL PLAY THERAPY, 56 CHILDREN WITH PARENT-TOTS, 20 YOUTH MATCHED WITH MENTORS,52 YOUTH PARTICIPATE IN SOCIAL...

CREATE OPPORTUNITIES - SOCIAL EMOTIONAL SUPPORT PROGRAMS SERVING 10 CHILDREN IN PRESCHOOL PLAY THERAPY, 56 CHILDREN WITH PARENT-TOTS, 20 YOUTH MATCHED WITH MENTORS,52 YOUTH PARTICIPATE IN SOCIAL EMOTIONAL LEARNING CLASSES; EDUCATION & ENRICHMENT PROGRAMS SERVING 380 YOUTH & ADULTS WITH AFTER SCHOOL PROGRAMS, SUMMER PROGRAMS, OUTDOOR LEARNING PROGRAMS, YOUTH LEADERSHIP PROGRAMS, AND A WIDE VARIETY OF 1:1 AND GROUP MENTORING PROGRAMS.

Program 3

Expenses: $171,552

ADVOCACY - WORKING WITH OVER 20 ORGANIZATIONS AND GOVERNMENT ENTITIES, AND 50 DIVERSE COMMUNITY LEADERS TO IMPROVE FOOD SECURITY, HOUSING, MENTAL HEALTH, HEALTH CARE, AND EDUCATION SYSTEMS.

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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 $2,575,763

Program Service Revenue $10,607

Investment Income $59,007

Other Revenue $4,380

TOTAL REVENUE $2,649,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,096,851

Fundraising Expenses $47,802

Program Expenses $2,051,286

Other Expenses $1,096,448

TOTAL EXPENSES $2,193,299

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,649,757	$1,538,956	+0.7%
Expenses	$2,193,299	$1,505,366	+0.5%
Net Income	$456,458	$33,590	+12.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAUREEN CRIST	DIRECTOR	2.00	Director	$0	$0	$0
ELLEN EVANS	VICE CHAIR	4.00	Officer Director	$0	$0	$0
CHRISTINE GALLAGHER	CHAIR	4.00	Officer Director	$0	$0	$0
LISA GEDDES	DIRECTOR	2.00	Director	$0	$0	$0
DARREN HOERNER	DIRECTOR	2.00	Director	$0	$0	$0
ASA KINNEY	DIRECTOR	2.00	Director	$0	$0	$0
MARTHA MARTIN	SECRETARY	2.00	Officer Director	$0	$0	$0
CLAUDIO PELLEGRINO	TREASURER	4.00	Officer Director	$0	$0	$0
AL TORRES	DIRECTOR	2.00	Director	$0	$0	$0
BROOKS WALTON	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
2024	No data	No data	No data	No data
2023	$2,649,757	$2,193,299	$3,712,851	$456,458
2022	$1,538,956	$1,505,366	$3,216,481	$33,590
2021	$1,737,298	$1,235,530	$3,325,618	$501,768
2020	$3,308,710	$1,215,800	$2,796,333	$2,092,910
2019	$838,705	$698,497	$677,428	$140,208
2018	$768,757	$568,791	$543,131	$199,966