FOSTERING HOPE FLORIDA INC (EIN 141910661) - Form 990 Financial Analysis & Trantor Score

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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

2004

Legal Domicile

Principal Officer

GLORIA A WEST-LAWSON

Phone

7276885328

Tax Period

2024-01-01 to 2024-12-31

FOSTERING HOPE FLORIDA INC, founded in 2004, is a small nonprofit in the Human Services sector that reported $177K in total revenue in fiscal year 2024.

Mission

THE MISSION OF FOSTERING HOPE FLORIDA IS TO PARTNER WITH THE COMMUNITY IN CREATING A COMPASSIONATE SYSTEM OF FOSTER CARE THAT HONORS AND PROTECTS THE RIGHTS OF CHILDREN.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $167,617

Program Service Revenue $0

Investment Income $0

Other Revenue $8,904

TOTAL REVENUE $176,521

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,147

Fundraising Expenses $0

Program Expenses $181,735

Other Expenses $161,798

TOTAL EXPENSES $192,945

Year-over-Year Comparison

	2024	2023	Change
Revenue	$176,521	$185,306	0.0%
Expenses	$192,945	$212,324	-0.1%
Net Income	$-16,424	$-27,018	-0.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAQUELLE HALE	BOARD MEMBER	2.00	Officer	$0	$0	$0
PATRICIA HOLE	VICE PRESIDE	2.00	Officer	$0	$0	$0
RICHARD NELSEN	BOARD MEMBER	2.00	Officer	$0	$0	$0
WENDY PIKES	SECRETARY	2.00	Officer	$0	$0	$0
MICHAEL RIVERA	BOARD MEMBER	2.00	Officer	$0	$0	$0
HEATHER STRASSEL	BOARD MEMBER	2.00	Officer	$0	$0	$0
GLORIA A WEST-LAWSON	PRESIDENT/TR	40.00	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	$176,521	$192,945	$95,530	$-16,424
2023	$185,306	$212,324	$115,068	$-27,018
2022	$212,908	$206,136	$132,716	$6,772
2021	$209,907	$182,501	$134,920	$27,406
2020	$161,700	$201,586	$132,512	$-39,886
2019	$120,073	$180,276	$159,299	$-60,203
2018	$125,298	$154,590	$204,374	$-29,292

FOSTERING HOPE FLORIDA INC