ABILITYFIRST

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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

1926

Legal Domicile

Principal Officer

LORI E GANGEMI

Phone

6263961010

Tax Period

2023-01-01 to 2023-12-31

ABILITYFIRST, founded in 1926, is a mid-sized nonprofit in the Human Services sector that reported $18.6M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Net assets of $96.3M represent 62 months of operating reserves.

Mission

ABILITYFIRST PROVIDES A VARIETY OF PROGRAMS DESIGNED TO HELP CHILDREN AND ADULTS WITH DISABILITIES ACHIEVE THEIR PERSONAL BEST THROUGHOUT THEIR LIVES. OUR PERSON-CENTERED PROGRAMS ARE GROUNDED IN INDIVIDUAL CHOICE, AUTONOMY, AND COMMUNITY PARTICIPATION.

Program Service Accomplishments

Program 1

Expenses: $6,786,571 Revenue: $4,092,079

COMMUNITY CENTER PROGRAMS:ABILITYFIRST OPERATES FIVE COMMUNITY CENTERS IN LOS ANGELES COUNTY, SERVING 1,237 CHILDREN AND ADULTS. OUR PERSON-CENTERED PROGRAMS EMPOWER INDIVIDUALS WITH DEVELOPMENTAL...

COMMUNITY CENTER PROGRAMS:ABILITYFIRST OPERATES FIVE COMMUNITY CENTERS IN LOS ANGELES COUNTY, SERVING 1,237 CHILDREN AND ADULTS. OUR PERSON-CENTERED PROGRAMS EMPOWER INDIVIDUALS WITH DEVELOPMENTAL DISABILITES TO DISCOVER WHAT IS IMPORTANT TO THEM IN THEIR LIVES, AND TO DEVELOP THE SKILLS THAT ARE IMPORTANT FOR THEM TO ACHIEVE THEIR GOALS. PROGRAMS INCLUDE AFTERSCHOOL AND SUMMER DAY CAMP PROGRAMS FOR SCHOOL-AGED YOUTH, ADULT DAY AND SOCIAL RECREATION PROGRAMS; AND COMMUNITY AQUATICS.

Program 2

Expenses: $6,611,885 Revenue: $5,232,333

COMMUNITY BASED:ABILITYFIRST'S SUPPORTED EMPLOYMENT PROGRAM PROVIDED 353 ADULTS AND YOUTH WITH DISABILITIES WITH VOCATIONAL AND SKILL ASSESSMENT, JOB PLACEMENT AND ON-THE-JOB SUPPORT IN COMPETITIVE JOB MARKETS IN THEIR COMMUNITIES IN A WIDE RANGE OF INDUSTRIES. THE ABILITYFIRST COLLEGE TO CAREER PROGRAM SUPPORTED 83 STUDENTS WITH DEVELOPMENTAL DISABILITIES ENROLLED AT COMMUNITY COLLEGES AND UNIVERSITIES IN SOUTHERN CALIFORNIA. IN ADDITION TO THE STUDENT'S ACADEMIC COURSEWORK, THE PROGRAM INCORPORATES SELF-DISCOVERY AND COMMUNITY EXPLORATION TO EMPOWER STUDENTS TO ACHIEVE THEIR ACADEMIC AND CAREER GOALS. THE ABILITYFIRST POSSABILITY PROGRAM SERVED 70 ADULTS IN THE PASADENA AND LOS ANGELES AREA, PROVIDING COMMUNITY INTEGRATION ACTIVITIES, INCLUDING VOLUNTEERING AND INTEREST EXPLORATION.

Program 3

Expenses: $1,769,490 Revenue: $360,322

CAMPING SERVICES:CAMP PAIVIKA IS LOCATED IN THE SAN BERNARDINO MOUNTAINS AND OFFERS A SUMMER CAMP PROGRAM WHERE CHILDREN AND ADULTS WITH DEVELOPMENTAL DISABILITES EXPERINCE FUN ACTIVITES INCLUDING...

CAMPING SERVICES:CAMP PAIVIKA IS LOCATED IN THE SAN BERNARDINO MOUNTAINS AND OFFERS A SUMMER CAMP PROGRAM WHERE CHILDREN AND ADULTS WITH DEVELOPMENTAL DISABILITES EXPERINCE FUN ACTIVITES INCLUDING SWIMMING, ARTS AND CRAFTS; ADAPTIVE SPORTS, NATURE PROGRAMS, AND THEATER ARTS. IN 2023, CAMP PAIVIKA OFFERED TYPICAL SLEEP-AWAY SUMMER CAMP, A FRIENDS AND FAMILY CAMP, AND VIRTUAL CAMP THROUGH "PAIVIKA AT HOME" OFFERED DURING THE NON-SUMMER MONTHS. IN 2023, CAMP PROGRAMS SERVICED 408 INDIVIDUALS.

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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 $6,501,273

Program Service Revenue $9,684,734

Investment Income $1,801,069

Other Revenue $622,488

TOTAL REVENUE $18,609,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,682,991

Fundraising Expenses $986,735

Program Expenses $15,167,946

Other Expenses $5,629,725

TOTAL EXPENSES $19,312,716

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,609,564	$13,676,923	+0.4%
Expenses	$19,312,716	$18,246,326	+0.1%
Net Income	$-703,152	$-4,569,403	-0.8%

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

430

Volunteers

140

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

$939,475

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SAETA	CHAIR	1.00	Officer Director	$0	$0	$0
RANDALL REPP	TREASURER	1.00	Officer Director	$0	$0	$0
KATHRYN SANDERS PLATNICK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
WILLIAM CRAIG	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAN JOHNSON	MEMBER AT LARGE	1.00	Director	$0	$0	$0
WENDY LEES	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BROCKMEYER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE DOKMANOVICH	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD R FRANK	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN HOM	DIRECTOR	1.00	Director	$0	$0	$0
JOHN KELLY	DIRECTOR	1.00	Director	$0	$0	$0
MARY J SPELLMAN	DIRECTOR	1.00	Director	$0	$0	$0
MALCOLM CORONEL	DIRECTOR	1.00	Director	$0	$0	$0
HARLAN THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
NEVIN STANTON TREHAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH BRUMFIELD	DIRECTOR	1.00	Director	$0	$0	$0
ANITA LAWLER	DIRECTOR	1.00	Director	$0	$0	$0
FRANCISCO NAVARRO	DIRECTOR	1.00	Director	$0	$0	$0
LORI GANGEMI	CHIEF EXECUTIVE OFFICER	40.00	Officer	$330,998	$15,968	$346,966
KERI CASTANEDA	CHIEF OPERATING OFFICER	40.00	Officer	$228,405	$12,694	$241,099
KASHIF KHAN	CHIEF FINANCIAL OFFICER	40.00	Officer	$227,745	$7,345	$235,090
COURTNEY JURADO	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$110,675	$5,645	$116,320
ISIS MCDONALD	SR. DIRECTOR OF BUSINESS SERVICES	40.00	Highest	$125,040	$9,595	$134,635
REBECCA HAUSSLING	SR. DIRECTOR OF COMMUNICATIONS & PR	40.00	Highest	$127,917	$3,647	$131,564
LAURA BECK	HR DIRECTOR	40.00	Highest	$113,734	$11,070	$124,804
APRIL STOVER	SR DIRECTOR OF PROGRAMS	40.00	Highest	$115,135	$9,238	$124,373
KELLY PRIVITT	PROGRAM DIRECTOR	40.00	Highest	$125,367	$4,404	$129,771

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	$18,609,564	$19,312,716	$98,592,643	$-703,152
2022	$13,676,923	$18,246,326	$91,492,516	$-4,569,403
2021	$16,944,443	$15,054,736	$111,544,893	$1,889,707
2020	$28,642,765	$14,908,356	$102,113,135	$13,734,409
2019	$17,428,172	$17,175,692	$80,245,689	$252,480
2018	$15,651,704	$16,810,251	$70,205,222	$-1,158,547