JOYCE L SOBEL FAMILY RESOURCE CENT… - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

KAROL MCLUEN

Phone

3603785246

Tax Period

2024-01-01 to 2024-12-31

JOYCE L SOBEL FAMILY RESOURCE CENTER, founded in 2000, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2024.

Mission

THE JOYCE L SOBEL FAMILY RESOURCE CENTER ASSISTS INDIVIDUALS AND FAMILIES IN THE SAN JUAN ISLAND COMMUNITY ACHIEVE THEIR HIGHEST POTENTIAL BY PROVIDING ACCESS TO ESSENTIAL RESOURCES AND PROGRAMS THAT PROMOTE HEALTH AND STABILITY.

Program Service Accomplishments

Program 1

Expenses: $780,428 Revenue: $309,503

MENTAL AND PHYSICAL HEALTH SERVICES: PROVIDED COUNSELING AND CASE MANAGEMENT SERVICES INCLUDING BUDGETING, REFERRALS TO OTHER AGENCIES, HEALTH INSURANCE ENROLLMENT, HEALTH AND PRESCRIPTION ASSISTANCE...

Program 2

Expenses: $343,359 Revenue: $177,787

BASIC NEEDS SERVICES: PROVIDED ASSISTANCE FOR HOUSING, FOOD, TRANSPORTATION AND OTHER BASIC NECESSITIES TO 2,840 ADULTS AND 790 YOUTHS.

Program 3

Expenses: $527,545 Revenue: $239,375

FAMILY AND YOUTH SERVICES: PROVIDED 5,700 HOURS OF EDUCATION AND PARENTING SUPPORT SERVICES, AND PROVIDED 2,208 HOURS IN YOUTH SUPPORT IN SCHOOL AND COMMUNITY-BASED SERVICES INCLUDING SUPPORT GROUPS...

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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 $1,028,427

Program Service Revenue $726,690

Investment Income $33,552

Other Revenue $5,794

TOTAL REVENUE $1,794,463

Expense Breakdown

Grants Paid $166,052

Salaries & Benefits $945,896

Fundraising Expenses $26,583

Program Expenses $1,651,332

Other Expenses $690,832

TOTAL EXPENSES $1,802,780

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,794,463	$1,803,039	0.0%
Expenses	$1,802,780	$1,806,522	0.0%
Net Income	$-8,317	$-3,483	+1.4%

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

Total Directors

Key Employees

$98,414

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER ARMSTRONG	EXECUTIVE DIRECTOR	40.00	Key Emp	$98,414	$0	$98,414
TILLIE SHERMAN	PRESIDENT	4.00	Officer	$0	$0	$0
KATHERINE BRIAR-LAWSON	SECRETARY	4.00	Officer	$0	$0	$0
KAROL MCLUEN	TREASURER	4.00	Officer	$0	$0	$0
DAVE ZERETZKE	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA BRODERICK	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE SANTORA	DIRECTOR	1.00	Director	$0	$0	$0
JAMES RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
GAY GRAHAM	DIRECTOR	1.00	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	$1,794,463	$1,802,780	$2,472,595	$-8,317
2023	$1,803,039	$1,806,522	$2,316,498	$-3,483
2022	$1,362,180	$1,178,174	$2,309,688	$184,006
2021	$1,296,976	$947,462	$2,043,107	$349,514
2020	$1,318,233	$682,561	$1,749,334	$635,672
2019	$930,921	$500,253	$1,057,699	$430,668
2018	$549,345	$437,491	$626,761	$111,854

JOYCE L SOBEL FAMILY RESOURCE CENTER