FAIR OAKS, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FAMILIES FOR CHILDREN, founded in 1986, is a small nonprofit that reported $905K in total revenue in fiscal year 2022. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 66% operating deficit.
FOSTER CARE/ADOPTION AGENCY
FOSTER CARE AND ADOPTION FEES - FAMILIES FOR CHILDREN IS LICENSED BY THE STATE OF CALIFORNIA COMMUNITY CARE LICENSING AS A FOSTER FAMILY AGENCY. FEES ARE PAID BY THE DEPARTMENT OF SOCIAL SERVICES...
FOSTER CARE AND ADOPTION FEES - FAMILIES FOR CHILDREN IS LICENSED BY THE STATE OF CALIFORNIA COMMUNITY CARE LICENSING AS A FOSTER FAMILY AGENCY. FEES ARE PAID BY THE DEPARTMENT OF SOCIAL SERVICES, HEALTH AND WELFARE AGENCY OF THE STATE OF CALIFORNIA, BASED ON A PREDETERMINED RATE FOR EACH CHILD PLACED BY THE AGENCY. OF THE FEES RECEIVED, FAMILIES FOR CHILDREN RETAINS A PORTION TO SUPPORT THE COST OF MONITORING AND TRAINING CERTIFIED SMALL FAMILY HOMES AND THE ASSOCIATED ADMINISTRATIVE COSTS. PAYMENT TO FOSTER PARENTS IS BASED ON A RATE SCHEDULE WHICH PROVIDES A PREDETERMINED FEE BASED ON THE AGE AND/OR COUNTY OF THE PLACED CHILD PER THE CONTRACTUAL AGREEMENT BETWEEN THE AGENCY AND THE FOSTER PARENTS. CHILDREN ARE REFERRED TO FAMILIES FOR CHILDREN BY THE APPROPRIATE COUNTY AGENCIES. IN JULY, 2022 THE BOARD OF DIRECTORS VOTED TO DISCONTINUE OPERATIONS OF THE AGENCY AND TRANSFER THE EXISTING FOSTER CHILDREN TO ANOTHER LICENSED AGENCY. THE DIFFICULTY IN FINDING AND HIRING QUALIFIED SOCIAL WORKERS WAS A SIGNIFICANT FACTOR IN MAKING THE DECISION. ALL OFFICES WERE CLOSED BY AUGUST 31, 2022. THE BOARD OF DIRECTORS VOTED TO PROVIDE A SEVERANCE PACKAGE TO EXISTING EMLOYEES BASED UPON A FORMULA WHICH FACTORED IN LENGTH OF SERVICE AND THE EMPLOYEE'S CURRENT SALARY FOR LONG-TERM EMPLOYEES, AND A FIXED DOLLAR AMOUNT FOR EMPLOYEES EMPLOYED FOR LESS THAN A YEAR. THESE AMOUNTS WERE INCLUDED IN THE EMPLOYEES' 2022 W-2'S. AS PART OF THE DISCONTINUATION PLAN, ANY RESIDUAL FUNDS REMAINING WILL BE CONTRIBUTED TO A QUALIFIED 501(C)(3) ORGANIZATION WHICH PROVIDES SIMILAR SERVICES AS FAMILIES FOR CHILDREN. AN INITIAL CONTRIBUTION OF 50,000 WAS PAID IN DECEMBER, 2022 TO THE SUTTER COUNTY PARENT NETWORK (DBA. FAMILY SOUP), AN AGENCY THAT PROVIDES SERVICES AND SUPPORT TO FAMILIES OF CHILDREN WITH SPECIAL NEEDS. THE AGENCY'S ADDRESS IS 1650 SIERRA AVE, 106, YUBA CITY, CA 95993. IT'S FEDERAL EMPLOYER IDENTIFICATION NUMBER IS 68-03366340.
THE AGENCY IS ALSO LICENSED TO PROVIDE ADOPTION SERVICES AS PART OF THEIR EXEMPT PURPOSE. THIS INVOLVES CONDUCTING HOME STUDIES OF PROSPECTIVE ADOPTING FAMILIES AND ASSISTANCE IN COMPLETING THE...
THE AGENCY IS ALSO LICENSED TO PROVIDE ADOPTION SERVICES AS PART OF THEIR EXEMPT PURPOSE. THIS INVOLVES CONDUCTING HOME STUDIES OF PROSPECTIVE ADOPTING FAMILIES AND ASSISTANCE IN COMPLETING THE APPROPRIATE PAPERWORK.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $904,741 | $1,675,147 | -0.5% |
| Expenses | $1,501,898 | $1,796,690 | -0.2% |
| Net Income | $-597,157 | $-121,543 | +3.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| URSULA DEVERE | EXECUTIVE DI | 60.00 |
Key Emp
|
$287,367 | $4,275 | $291,642 |
| ARON BROCK | VICE PRESIDE | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| CINDY CHANDLER | SECRETARY | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT COE | TREASURER | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICHARD GRAY | PRESIDENT | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| BILL PORTER | DIRECTOR | 10.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $904,741 | $1,501,898 | $81,754 | $-597,157 |
| 2021 | $1,675,147 | $1,796,690 | $917,796 | $-121,543 |
| 2020 | $1,885,771 | $1,955,889 | $896,694 | $-70,118 |
| 2019 | $2,288,750 | $2,221,354 | $986,150 | $67,396 |
| 2018 | $2,790,164 | $2,503,300 | $947,266 | $286,864 |
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