The Family Initiative Inc

Nonprofit profile at a glance

EIN
841880993
IRS 990 coverage
2021–2024
Forms available
Form 990 2024
Location
Emporia, KS, USA
Phone
6203436111
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Adoption

Reported finances

Revenue
$190,982,914
Expenses
$199,069,137
Assets
$36,691,386
Liabilities
$50,696,144

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

Leadership & pay

17 people listed

Executive titles in this filing

  • MICHAEL PATRICK (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • MICHAEL PATRICK (CHIEF EXECUTIVE OFFICER): $479,047 total reported compensation
  • SHIRLEY DWYER (CHIEF OPERATING OFFICER): $287,633 total reported compensation
  • BRENDEN LONG (GENERAL COUNSEL): $237,086 total reported compensation

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

Overview

Mission

To encourage the involvement of the organization's affiliates in child placement and child guidance services under governmental programs for children in the general public, and in providing a family living experience, along with supervision, structure and guidance for children in need of care and children who are juvenile offenders.

What it reported doing in 2024

Resource foster care: while there are many different levels and types of resource care within the program, the primary focus is to work closely with each and every resource care family. Some of the services include: 24 hour on-call social worker, support meetings, free ongoing training, respite care.resource families provide an alternative home like setting for children who are not able to safely live with their parents. Resource parents undergo training and state licensure to ensure that they are knowledgble about the special challenges children who are placed with them might face, and to provide them with skills to work with the child. The child's family, the social worker or case manager, and the legal system. The family initiative, inc provides sponsorship for state licensed resource families and provides supportive services to assist them with any problems or challenges that might occur during the placement fo a child in a home. During this period there were 149 resource homes with 511 children placed in the homes that were sponsored by the family initiative, inc.

Operating model

Revenue model
Grant-funded. 94% of the money available for current operations came from government grants.
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

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: 88
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 17
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 97.2%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • 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: Limited
  • 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: -4.2%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 0.18; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 1.38; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 1.1%; rating input score 72; 72nd percentile among comparable filings

Growth

  • Program expense growth: 35.8% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 35.6% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 23.7% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 97.2% of spending went to programs
  • Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $193.6M in reported program spending
  • Leadership: top reported pay $479K · 17 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $17.5M reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: 7 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 — Sustainability: Operating margin scored 14/100.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.