FOSTER CARE CLOSET (EIN 260595115) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

TIM BALZER

Phone

4026170667

Tax Period

2023-10-01 to 2024-09-30

FOSTER CARE CLOSET, founded in 2011, is a small nonprofit in the Human Services sector that reported $679K in total revenue in fiscal year 2023.

Mission

TO PROVIDE CLOTHING TO CHILDREN IN THE FOSTER CARE SYSTEM. TO ALSO PROVIDE AN INTAKE CARE CENTER WHERE CHILDREN, ALONG WITH THEIR CASE MANAGER, ARE IN A SAFE SURROUNDING DURING THE PLACEMENT PROCESS. WHILE THERE, IN ADDITION TO THE SUPPORT OF THE CENTER, THEY SELECT CLOTHING, A BACKPACK AND A MEAL OF THEIR CHOOSING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $674,949

Program Service Revenue $0

Investment Income $3,832

Other Revenue $427

TOTAL REVENUE $679,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $321,779

Fundraising Expenses $48,570

Program Expenses $483,429

Other Expenses $386,549

TOTAL EXPENSES $708,328

Year-over-Year Comparison

	2023	2022	Change
Revenue	$679,208	$692,865	0.0%
Expenses	$708,328	$679,027	+0.0%
Net Income	$-29,120	$13,838	-3.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

112

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

$96,845

Total Directors

$50,045

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEIGH ESAU	PRESIDENT	40.00	Officer Director	$50,045	$0	$50,045
TIM BALZER	EXECUTIVE DI	40.00	Officer	$46,800	$0	$46,800
CARRIE A BELTRAN	SECRETARY	0.25	Officer Director	$0	$0	$0
DALE DAUENHAUER	DIRECTOR	0.25	Director	$0	$0	$0
KAY FUNK	DIRECTOR	0.25	Director	$0	$0	$0
ANDY HULS	DIRECTOR	0.25	Director	$0	$0	$0
KIMBERLY JACKSON	DIRECTOR	0.25	Director	$0	$0	$0
WILLIAM T ZIMMER	DIRECTOR	0.25	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
2024	$679,208	$708,328	$228,468	$-29,120
2023	$692,865	$679,027	$280,312	$13,838
2022	$693,283	$580,617	$264,618	$112,666
2021	$521,706	$443,861	$149,755	$77,845
2020	$408,198	$417,703	$71,316	$-9,505
2019	$413,468	$383,515	$75,380	$29,953
2018	$405,117	$391,759	$44,286	$13,358

FOSTER CARE CLOSET