NATIONAL FOSTER PARENT ASSOCIATION

EIN: 060899870 501(c)(3)

HAGERSTOWN, MD

Total Revenue
$228,674
Total Expenses
$257,691
Total Assets
$363,750
Net Assets
$350,848
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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
1974
Legal Domicile
WA
Principal Officer
KAREN POTEET
Phone
8005575238
Tax Period
2023-01-01 to 2023-12-31

NATIONAL FOSTER PARENT ASSOCIATION, founded in 1974, is a small nonprofit that reported $229K in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $258K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO BE A RESPECTED NATIONAL VOICE FOR FOSTER, KINSHIP, AND ADOPTIVE FAMILIES THROUGH NETWORKING, EDUCATION AND ADVOCACY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $196,191
Program Service Revenue $32,245
Investment Income $0
Other Revenue $238
TOTAL REVENUE $228,674

Expense Breakdown

Grants Paid $0
Salaries & Benefits $91,295
Fundraising Expenses $0
Program Expenses $208,701
Other Expenses $166,396
TOTAL EXPENSES $257,691

Year-over-Year Comparison

2023 2022 Change
Revenue $228,674 $149,134 +0.5%
Expenses $257,691 $243,836 +0.1%
Net Income $-29,017 $-94,702 -0.7%
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

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Governance

Voting Members
10
Independent Members
10
Employees
2
Volunteers
15

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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TONYA VAN BEBER BOARD MEMBER 2.00
Director
$0 $0 $0
DENISE BLAKNEY BOARD MEMBER 2.00
Director
$0 $0 $0
AMANDA CRUCE BOARD MEMBER 2.00
Director
$0 $0 $0
DESMOND ELLIS BOARD MEMBER 2.00
Director
$0 $0 $0
KEITH MASON BOARD MEMBER 2.00
Director
$0 $0 $0
ARMMETTA TORRENCE BOARD MEMBER 2.00
Director
$0 $0 $0
KAREN POTEET PRESIDENT 5.00
Officer
$0 $0 $0
DAN REESE INTERIM TREA 5.00
Officer
$0 $0 $0
LESLIE STROUG-ROMERO SECRETARY 4.00
Officer
$0 $0 $0
TAMMY WELLS VICE PRESIDE 4.00
Officer
$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
2024 No data No data No data No data
2023 $228,674 $257,691 $363,750 $-29,017
2022 $149,134 $243,836 $388,859 $-94,702
2021 $259,338 $180,453 $482,475 $78,885
2021 $334,338 $180,453 $482,475 $153,885
2020 $186,423 $133,199 $414,072 $53,224
2019 $328,298 $207,318 $321,101 $120,980
2018 $205,330 $203,649 $150,208 $1,681
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