Social Finance CT Family Stability 2016 Manager Inc

Nonprofit profile at a glance

EIN
364829457
IRS 990 coverage
2016–2020
Forms available
Form 990 2020
Location
Boston, MA, USA
Phone
6179399900
Rating
49
Verdict
MIXED
Rating confidence
Moderate
Sector
Community Service Clubs

Official website

Reported finances

Revenue
$11,166,196
Expenses
$2,502,072
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • TRACY PALANDJIAN (PRESIDENT)

Highest reported compensation

  • TRACY PALANDJIAN (PRESIDENT): $305,845 total reported compensation
  • NAVJEET BAL (TREASURER): $252,782 total reported compensation
  • JONATHAN EDWARDS (SECRETARY): $174,511 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization furthers charitable purposes by lessening the burdens of government of the state of Connecticut by promoting family stability and reducing foster care utilization for families impacted by parental substance use. It will accomplish these goals by providing in-home attachment-based parent-child therapy and contingency management substance use treatment designed to support substance affected families, such that they may thrive in drug-free, safe and stable homes.

What it reported doing in 2020

United community & family services (ucfs): ucfs' two fbr clinician teams delivered intensive in-home clinical services to families involved with the Connecticut department of children and families (ct dcf) due to parental substance use. These teams served families located in ct dcf region 3 (norwich, willimantic, middletown).

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 39
  • Transparency & Controls: 64
  • Accountability: 32
  • Sustainability: 53
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 18.8%; rating input score 19
  • Program expense ratio: 84%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 77.6%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 3.2%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 14.3% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 95.1% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 0.4% per year; rating input score 100; 15th percentile among comparable filings

Details

  • Where the money goes: 18.8% of revenue deployed · 84% of spending went to programs
  • Governance: 0 of 3 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $2.1M in reported program spending
  • Leadership: top reported pay $306K · 3 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.1M reported
  • Consistency: 15 of 15 current checks pass
  • Schedules: 7 filed schedules · includes executive pay
  • Filing history: 5 filing years from 2016 to 2020
  • Contacts: How to reach this organization
  • Related organizations: 3 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.

  • High — Financial Efficiency: Mission deployment rate scored 19/100.
  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.