ChildNet
Legal name: Childnet Inc
Nonprofit profile at a glance
- EIN
- 651149351
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Fort Lauderdale, FL, United States
- Phone
- 954-414-6000 (Broward County); 561-352-2500 (Palm Beach County)
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Foster Care
Reported finances
- Revenue
- $156,272,457
- Expenses
- $155,924,184
- Assets
- $26,790,220
- Liabilities
- $27,055,717
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
31 people listed
Executive titles in this filing
- LARRY REIN (CEO & PRESIDENT)
Highest reported compensation
- LARRY REIN (CEO & PRESIDENT): $299,007 total reported compensation
- NEIKO SHEA (CHIEF OF STAFF): $254,580 total reported compensation
- DONNA EPRIFANIA (CHIEF FINANCIAL OFFICER): $244,472 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Leading communities in protecting and serving abused and neglected children by supporting and strengthening their families. ChildNet has been chosen by the Florida Department of Children & Families to serve as the Community Based Care (CBC) lead agency in both Broward and Palm Beach Counties. As such, it is the single private non-profit entity responsible for managing the local system of services and supports for the communities' most vulnerable children. Our system of care was developed with extensive input from local stakeholders and its effective implementation depends upon their continued support. Image%201183.png Mission and Vision.
What it reported doing in 2024
Community based care - to deliver a full range of child protection services in broward county and palm beach county directly or indirectly through contracts, which includes case management, residential services, foster care management and support, prevention & intervention services, recruitment of adoptive parents, and disbursement of adoption subsidies.served on a daily average of 2,343 children in in-home and out of home care (647 children in foster care, 235 children in residential group care, 271 young adults served in independent living 18+ -paid to individuals) and finalized 253 adoptions for fiscal year ended june 30, 2025.
Operating model
- Revenue model
- Grant-funded. 100% of the money available for current operations came from government grants.
- Distribution model
- Grant intermediary. The nonprofit sent 70% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 79
- Accountability: 100
- Sustainability: 25
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97.4%; rating input score 97
- Program expense ratio: 97.7%; rating input score 98
- Fundraising efficiency: $751.31 raised per $1 spent on fundraising; rating input score 95; 95th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 95.9%; rating input score 96; 29th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.2%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 0.17; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 1.01; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 1.5%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: 2.9% per year; rating input score 100; 21st percentile among comparable filings
- Revenue growth: 4.9% per year; rating input score 100; 42nd percentile among comparable filings
- Asset growth: 7.5% per year; rating input score 100; 55th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 97.4% of revenue deployed · 97.7% of spending went to programs
- Governance: 16 of 16 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $152.3M in reported program spending
- Leadership: top reported pay $299K · 31 people listed · 2 of 6 pay-setting controls reported
- Consistency: 33 of 34 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 83 filed money-flow records
- Related organizations: 70 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 32/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.