FOSTER KIDS OF MERRIMACK VALLEY

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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

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

TO SERVE THE NEEDS OF 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.

Program Service Accomplishments

Program 1

Expenses: $1,622 Revenue: $7,118

HELENE GIORDANO MEMORIAL SCHOLARSHIP. THIS PROGRAM PROVIDES SCHOLARSHIPS TO SECONDARY SCHOOLS FOR TWO DESERVING FOSTER CHILDREN IN THE CARE OF THE MA DEPT OF CHILDREN AND FAMILIES. SUMMER TOY DRIVE

Program 2

Expenses: $15,079

ANNUAL CHRISTMAS/HOLIDAY PARTY. THIS PROGRAM GIVES THE FOSTER CHILDREN IN THE CARE OF THE MA DEPT OF CHILDREN AND FAMILIES A CHANCE TO RELAX AND ENJOY THE HOLIDAY SEASON AND RECEIVE SOME HOLIDAY...

ANNUAL CHRISTMAS/HOLIDAY PARTY. THIS PROGRAM GIVES THE FOSTER CHILDREN IN THE CARE OF THE MA DEPT OF CHILDREN AND FAMILIES A CHANCE TO RELAX AND ENJOY THE HOLIDAY SEASON AND RECEIVE SOME HOLIDAY GIFTS.

Program 3

Expenses: $13,923 Revenue: $46,071

THE ORGANIZATION PROVIDES BACK PACKS SO THEY CAN MOVE THEIR CLOTHES AND OTHER BELONGINGS WITH DIGNITY WHEN REQUIRED INSTEAD OF HAVING TO USE PLASTIC TRASH OR PAPER GROCERY BAGS. CANOBIE LAKE OUTING

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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 $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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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