FOSTERING CHANGE FOR CHILDREN LTD

EIN: 202242921 501(c)(3) Human Services

BROOKLYN, NY

Total Revenue
$811,052
Total Expenses
$697,715
Total Assets
$110,253
Net Assets
$110,253
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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
2005
Legal Domicile
NY
Principal Officer
BARRY CHAFFKIN
Phone
6318330109
Tax Period
2024-07-01 to 2025-06-30

FOSTERING CHANGE FOR CHILDREN LTD, founded in 2005, is a small nonprofit in the Human Services sector that reported $811K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $698K left a modest 14% surplus.

Mission

TO PROMOTE HEALTH WELFARE AND ECONOMIC STATUS OF DISADVANTAGED CHILDREN.

Program Service Accomplishments

Program 1
Expenses: $353,211

Childrens Corps: Childrens Corps enhances NYCs child welfare system by infusing its workforce with dedicated professionals. Its goals are to: a) increase retention rates of frontline child welfare...

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Childrens Corps: Childrens Corps enhances NYCs child welfare system by infusing its workforce with dedicated professionals. Its goals are to: a) increase retention rates of frontline child welfare workers, b) improve outcomes for children and families, and c) create future leaders in child welfare and human services. Corps members are placed at one of 16 partner child welfare agencies throughout New York City and Westchester in caseworker and other frontline positions in foster care and preventive programs. Corps members commit to serving for two years and agencies provide full salaries and benefits. Since 2011, 500 Corps members have entered the program, 108 of whom are currently serving their two-year commitment. There are currently 209 alumni, the majority of whom are still working in child welfare, pursuing graduate degrees, and/or working in a related field that supports children and families.

Program 2
Expenses: $254,889

Training & Coaching: Fostering Change for Children offers a specialized training and consultation program for the child welfare workforce. Our program is utilized by over 25 NYC agencies and...

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Training & Coaching: Fostering Change for Children offers a specialized training and consultation program for the child welfare workforce. Our program is utilized by over 25 NYC agencies and organizations and several others nationally. All trainings offered by FCFC are geared towards empowering child welfare professionals who interface with children and families to see themselves as powerful change agents on behalf of the people they work with. FCFC employs a distinctive brand of trainings utilizing experiential learning, coaching, and varied techniques to reach all audiences. FCFC promotes a positive and fun learning environment in which participants are encouraged to ask questions, comment and discuss reactions, thoughts, and feelings related to the work. Our trainings utilize research and direct feedback from the frontline to inform best practices.

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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 (2024)

Revenue Breakdown

Contributions & Grants $354,863
Program Service Revenue $445,509
Investment Income $0
Other Revenue $10,680
TOTAL REVENUE $811,052

Expense Breakdown

Grants Paid $0
Salaries & Benefits $588,475
Fundraising Expenses $24,836
Program Expenses $608,100
Other Expenses $109,240
TOTAL EXPENSES $697,715

Year-over-Year Comparison

2024 2023 Change
Revenue $811,052 $656,470 +0.2%
Expenses $697,715 $695,831 +0.0%
Net Income $113,337 $-39,361 -3.9%
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
7
Independent Members
7
Employees
22
Volunteers
7

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
5
$157,000
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARRY CHAFFKIN CEO&CO-FOUNDER 40.00
Officer
$157,000 $0 $157,000
Melissa Potter Forde Chairman 2.00
Officer Director
$0 $0 $0
ADAM JENAH Treasurer 2.00
Officer Director
$0 $0 $0
Ronald Klempner ViceChairperson 2.00
Officer Director
$0 $0 $0
Gregory Jay Secretary 2.00
Officer Director
$0 $0 $0
Zac Schwartzman BOARD MEMBER 1.00
Director
$0 $0 $0
David Coquillette BOARD MEMBER 1.00
Director
$0 $0 $0
BETH MUTNIK BOARD MEMBER 1.00
Director
$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
2025 $811,052 $697,715 $110,253 $113,337
2024 No data No data No data No data
2023 $619,435 $743,982 $96,729 $-124,547
2023 $427,029 $507,885 $114,968 $-80,856
2022 $456,038 $764,600 $160,824 $-308,562
2021 $946,985 $754,389 $393,096 $192,596
2020 $707,338 $582,038 $273,783 $125,300
2019 $585,431 $586,021 $74,539 $-590
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