FOREVER FAMILIES THROUGH ADOPTION (EIN 208879080) - 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

2007

Legal Domicile

Principal Officer

JOY GOLDSTEIN

Phone

9149391180

Tax Period

2023-01-01 to 2023-12-31

FOREVER FAMILIES THROUGH ADOPTION, founded in 2007, is a small nonprofit in the Human Services sector that reported $204K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $337K exceeded revenue, resulting in a 65% operating deficit.

Mission

ADOPTION AGENCY AND RESOURCE CENTER WITH THE GOAL TO EDUCATE THE COMMUNITY ABOUT ADOPTION AND RELATED PARENTING ISSUES AND PROVIDE ADOPTION SERVICES FOR EVERY ELIGIBLE CHILD REGARDLESS OF RACE OR ETHNIC BACKGROUND OR PHYSICAL OR EMOTIONAL CHALLENGE THROUGH DOMESTIC AND INTERNATIONAL ADOPTIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $37,402

Program Service Revenue $166,874

Investment Income $7

Other Revenue $0

TOTAL REVENUE $204,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $233,598

Fundraising Expenses $22

Program Expenses $140,729

Other Expenses $103,766

TOTAL EXPENSES $337,364

Year-over-Year Comparison

	2023	2022	Change
Revenue	$204,283	$324,738	-0.4%
Expenses	$337,364	$349,237	0.0%
Net Income	$-133,081	$-24,499	+4.4%

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

N/A

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

$93,505

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOY GOLDSTEIN	EXEC DIRECTO	40.00	Officer	$93,505	$0	$93,505
SANDRA DOERR	DIRECTOR	N/A	Director	$0	$0	$0
MARTA MOYA GOLDENBERG	DIRECTOR	N/A	Director	$0	$0	$0
SAM KARLINER	SECRETARY	N/A	Officer Director	$0	$0	$0
RACHEL LAURIA	DIRECTOR	N/A	Director	$0	$0	$0
NANCY LAXER	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOSH PARKER	DIRECTOR	N/A	Director	$0	$0	$0
ELIZABETH SAHLMAN	DIRECTOR	N/A	Director	$0	$0	$0
CARA VALENTE	DIRECTOR	N/A	Director	$0	$0	$0
LEAH WEST	DIRECTOR	N/A	Director	$0	$0	$0
VICTOR KAPELLA	TREASURER	N/A	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	$204,283	$337,364	$107,102	$-133,081
2022	$324,738	$349,237	$169,851	$-24,499
2021	$342,206	$360,448	$197,162	$-18,242
2020	$304,070	$420,275	$241,826	$-116,205
2019	$444,159	$432,492	$376,655	$11,667
2018	$434,473	$403,357	$440,414	$31,116

FOREVER FAMILIES THROUGH ADOPTION