ABILITYFIRST (EIN 951690983) - Form 990 Financial Analysis & Trantor Score

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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

HELP CHILDREN & ADULTS WITH PHYSICAL & DEVELOPMENTAL DISABILITIES REALIZE THEIR FULL POTENTIAL THROUGHOUT THEIR LIVES.

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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

ABILITYFIRST