Family Tree Inc

Nonprofit profile at a glance

EIN
840730973
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2020
Location
Wheat Ridge, CO, USA
Phone
3034222133
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$12,628,007
Expenses
$10,198,244
Assets
$18,929,399
Liabilities
$3,886,299

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • JILL FARNHAM (FORMER CEO)
  • DONTAE LATSON (FORMER CEO)

Highest reported compensation

  • DONTAE LATSON (FORMER CEO): $178,214 total reported compensation
  • CASSANDRA RATLIFF (CHIEF IMPACT OFFICER): $137,598 total reported compensation
  • SHANELE LYONS (CFO): $131,142 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Family tree partners with all people to prevent and overcome the interconnected issues of child abuse, domestic violence and homelessness to promote safety, healing and stability across generations.

What it reported doing in 2024

Housing and family stabilization services - see schedule ohousing and family stabilization services: provides individual and family stabilization services through emergency shelter, crisis helpline, homeless prevention services, case management, education, housing and rental assistance and empoyment services, along with ancillary support for people experiencing homelessness and those at risk of becoming homeless.1. Homelessness program: comprehensive support, case management and employment guidance, stabilizing individuals/families and providing access to affordable housing. During fiscal 24-25, 4,627 people were connected to resources through the crisis helpline, and 1,348 households received direct services including rental assistance, utility assistance, and case management. 96% of exiting families moved into safe and stable housing.2. House of hope: 90-day shelter, case management, and support for families experiencing homelessness. Last year, house of hope provided 8,498 nights of shelter at a cost of $60.92/night to 198 individuals, comprising 70 families, with 72% of exiting families moving to safe and stable housing.3. Generational opportunities to achieve long-term success (goals) program: two-generation program designed to break the intergenerational cycle of poverty and homelessness providing families experiencing homelessness with holistic, wrap-around support including temporary housing for up to nine months and access to quality early childhood education, work force development, physical and mental health and other support services. In fiscal 24-25, goals housed 180 individuals, providing 13,262 nights of shelter at a cost of $74.02/night. 93% of exiting families moved into safe and stable housing.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 69% for direct work, and 31% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 83
  • Accountability: 100
  • Sustainability: 66
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69%; rating input score 69
  • Program expense ratio: 84.9%; rating input score 85
  • Fundraising efficiency: $14.38 raised per $1 spent on fundraising; rating input score 48; 48th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd 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; 66th 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: 19.2%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 1.86; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: 0.21; rating input score 58; 58th percentile among comparable filings
  • Officer compensation ratio: 7.7%; rating input score 31; 31st percentile among comparable filings

Growth

  • Program expense growth: 6.9% per year; rating input score 100; 55th percentile among comparable filings
  • Revenue growth: 5.3% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: 11.5% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 69% of revenue deployed · 84.9% of spending went to programs
  • Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $8.7M in reported program spending
  • Leadership: top reported pay $178K · 14 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 4 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 48/100.
  • Review — Sustainability: Total-asset coverage ratio scored 59/100.
  • Moderate — Sustainability: Officer compensation ratio scored 31/100.
  • Review — Sustainability: Liabilities to assets ratio scored 58/100.