FOSTER KIDS OF MERRIMACK VALLEY

EIN: 261347672 501(c)(3) Youth Development

METHUEN, MA

Total Revenue
$3,645
Total Expenses
N/A
Total Assets
$348,324
Net Assets
$348,324
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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
MA
Principal Officer
LARRY GIORDANO
Phone
9783609256
Tax Period
2023-01-01 to 2023-12-31

FOSTER KIDS OF MERRIMACK VALLEY, founded in 2005, is a micro nonprofit in the Youth Development sector that reported $4K in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring.

Mission

THE MISSION OF THE ORGANIZATION IS TO SERVE THE NEEDS OF THE FOSTER CHILDREN IN THE CARE OF THE MA DEPT OF CHILDREN AND FAMILIES IN THE MERRIMACK VALLEY. THE GOAL IS TO CREATE PROGRAMS AND PROVIDE RESOURCES THAT WILL CREATE POSITIVE INFLUENCES IN THEIR LIVES AND SUPPORT THE CHILDREN AS THEY GROW.

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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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $3,645
TOTAL REVENUE $3,645

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $49,545
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2023 2022 Change
Revenue $3,645 $67,776 -0.9%
Expenses N/A $37,081 -1.0%
Net Income N/A $30,695 N/A
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
13
Independent Members
11
Employees
N/A
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
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIA FIGUEROA DIRECTOR 2.00
Director
$0 $0 $0
FRANK GRAZIANO DIRECTOR 2.00
Director
$0 $0 $0
APRIL LYSKOWSKY DIRECTOR 2.00
Director
$0 $0 $0
WILLIAM PITOCCHELLI DIRECTOR 2.00
Director
$0 $0 $0
SUSANNE SPITALE DIRECTOR 2.00
Director
$0 $0 $0
ARLENE WILLETTE DIRECTOR 2.00
Director
$0 $0 $0
MARIE JEAN EARNSHAW DIRECTOR 2.00
Director
$0 $0 $0
PETER KISH DIRECTOR 2.00
Director
$0 $0 $0
MATT FITZGERALD DIRECTOR 2.00
Director
$0 $0 $0
BONNIE SISSSON DIRECTOR 2.00
Director
$0 $0 $0
LARRY F GIORDANO PRESIDENT 5.00
Officer
$0 $0 $0
EILEEN F GIORDANO VICE-PRESIDNET 5.00
Officer
$0 $0 $0
DONNA L KELLEHER SECRETARY/TREASURER 5.00
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
2023 $3,645 No data $348,324 No data
2022 $67,776 $37,081 $344,680 $30,695
2021 $52,386 $13,794 $313,985 $38,592
2020 $66,521 $20,228 $275,393 $46,293
2019 $85,889 $34,962 $229,100 $50,927
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