Thessalonika Family Services Inc (EIN 953551068) - 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

1980

Legal Domicile

Principal Officer

Heather Sanford

Phone

9513022317

Tax Period

2024-07-01 to 2025-06-30

Thessalonika Family Services Inc, founded in 1980, is a community nonprofit in the Unknown sector that reported $2.6M in total revenue in fiscal year 2024. Expenses of $2.8M exceeded revenue, resulting in a 10% operating deficit.

Mission

Our mission is to partner with our community to provide access to healthy food, housing programs, and resources that equip and empower those we serve to live life to the fullest.

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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 $2,393,013

Program Service Revenue $85,121

Investment Income $12,809

Other Revenue $90,840

TOTAL REVENUE $2,581,783

Expense Breakdown

Grants Paid $1,707,098

Salaries & Benefits $533,282

Fundraising Expenses $181,194

Program Expenses $2,413,340

Other Expenses $604,839

TOTAL EXPENSES $2,845,219

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,581,783	$2,494,978	+0.0%
Expenses	$2,845,219	$2,454,178	+0.2%
Net Income	$-263,436	$40,800	-7.5%

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

400

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

$107,573

Total Directors

$272,569

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott Treadway	Director	2.00	Director	$0	$79,639	$272,569
Heather Sanford	Executive Dir.	40.00	Officer	$99,399	$8,174	$107,573
Steve Hargis	Chairman	5.00	Officer Director	$0	$0	$0
Nicole Albrecht	Treasurer	3.00	Officer Director	$0	$0	$0
Monica Hargis	Director	2.00	Director	$0	$0	$0
Christene Close	Imm. Past Chair	2.00	Director	$0	$0	$0
Tom Roney	Director	2.00	Director	$0	$0	$0
Stefani Laszko	Secretary	2.00	Director	$0	$0	$0
Joseph Gray	Director	2.00	Director	$0	$0	$0
Howard Fraser	Director	2.00	Director	$0	$0	$0
Kimberly Palmer	Director	2.00	Director	$0	$0	$0
Lyman Legters	Director	2.00	Director	$0	$0	$0
Kelly MacArthur	Director	2.00	Director	$0	$0	$0
Allison F Tilton	Director	2.00	Director	$0	$0	$0
Grattan Donahoe	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
2025	$2,581,783	$2,845,219	$730,472	$-263,436
2024	No data	No data	No data	No data
2023	$2,793,807	$2,380,118	$2,103,034	$413,689
2022	$2,211,129	$2,093,881	$1,731,318	$117,248
2021	$530,155	$684,688	$1,774,370	$-154,533
2020	$432,325	$799,831	$2,003,116	$-367,506
2019	$572,084	$1,008,675	$2,319,990	$-436,591
2018	$2,815,239	$2,408,496	$2,802,638	$406,743

Thessalonika Family Services Inc