FOSTERING HOPE FOUNDATION (EIN 261991807) - 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

2008

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

FOSTERING HOPE FOUNDATION, founded in 2008, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $325K, a strong 26% operating margin.

Mission

TO PROVIDE ASSISTANCE TO FOSTER FAMILIES BY ORGANIZING CHURCH BASED SUPPORT TEAMS.

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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 $955,848

Program Service Revenue $32,381

Investment Income $78,511

Other Revenue $186,096

TOTAL REVENUE $1,252,836

Expense Breakdown

Grants Paid $0

Salaries & Benefits $676,728

Fundraising Expenses $153,907

Program Expenses $720,805

Other Expenses $251,304

TOTAL EXPENSES $928,032

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,252,836	$886,679	+0.4%
Expenses	$928,032	$838,588	+0.1%
Net Income	$324,804	$48,091	+5.8%

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

N/A

Employees

Volunteers

268

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	Role	Reportable Comp	Other Comp	Total
JILL BRADLEY	Director	Director	$0	$0	$0
GINA COLARELLI O'CONNOR	BOARD CHAIR	Director	$0	$0	$0
PATRICK O'CONNOR	Trustee	Director	$0	$0	$0
ANGELA COLARELLI CARRON	Trustee	Director	$0	$0	$0
DAVID CARRON	Trustee	Director	$0	$0	$0
NICK COLARELLI III	Trustee	Director	$0	$0	$0
VINCENT COLARELLI	Trustee	Director	$0	$0	$0
KATY COLARELLI BEATTY	Trustee	Director	$0	$0	$0
CHRIS BEATTY	Trustee	Director	$0	$0	$0
JENNIFER SWAN	Director	Director	$0	$0	$0
CATANIA JONES	Director	Director	$0	$0	$0
BEN SCHOCH	Director	Director	$0	$0	$0
JULIE BRIGGS	Director	Director	$0	$0	$0
KEVIN PORTER	Director	Director	$0	$0	$0
MIKE CARROLL	Director	Director	$0	$0	$0
SUSAN PRESTI	Director	Director	$0	$0	$0
TRACEY ENGELHARDT	Director	Director	$0	$0	$0
HARRISON HUNTER	Director	Director	$0	$0	$0
TRUDY HOUSE	Director	Director	$0	$0	$0
JUDY MCCARTY	Director	Director	$0	$0	$0
MICHELE STRUB-HEER	Director	Director	$0	$0	$0
BILL JOHANNSEN	Director	Director	$0	$0	$0
LUANNE LONG	Director	Director	$0	$0	$0
STEVE SCOTT	Director	Director	$0	$0	$0
AMY SALISBURY-WERHANE	Director	Director	$0	$0	$0
TARAH KING	Director	Director	$0	$0	$0
KENNETH O'CONNOR	Trustee	Director	$0	$0	$0
TONY COLARELLI	Trustee	Director	$0	$0	$0
DICK BOWLES	Director	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	No data	No data	No data	No data
2023	$1,252,836	$928,032	$1,439,336	$324,804
2022	$886,679	$838,588	$1,106,173	$48,091
2021	$976,195	$839,395	$1,055,732	$136,800
2020	$805,929	$617,761	$990,084	$188,168
2019	$676,751	$552,988	$721,019	$123,763
2018	$469,090	$423,910	$596,256	$45,180

FOSTERING HOPE FOUNDATION