FRIENDS OF FOSTER KIDS (EIN 263886394) - 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

Principal Officer

THERESA TOIA

Phone

5869079001

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF FOSTER KIDS, founded in 2008, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $540K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Net assets of $1.4M represent 32 months of operating reserves.

Mission

THE FRIENDS OF FOSTER KIDS IS CRAFTED FOR THE PURPOSE OF SUPPORTING MACOMB COUNTY, MICHIGAN DHS DEPARTMENT IN PROVIDING HOLIDAY GIFTS FOR FOSTER CHILDREN UNDER DHS CARE AND PROVIDE TRANSITIONAL ASSISTANCE TO CHILDREN GRADUATING FROM THE FOSTER CARE SYSTEM, IN COMPLIANCE WITH THE TAFT-HARTLEY ACT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $376,881

Program Service Revenue $148,694

Investment Income $16,341

Other Revenue $-1,962

TOTAL REVENUE $539,954

Expense Breakdown

Grants Paid $192,946

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $239,297

Other Expenses $349,157

TOTAL EXPENSES $542,103

Year-over-Year Comparison

	2024	2023	Change
Revenue	$539,954	$1,111,653	-0.5%
Expenses	$542,103	$415,652	+0.3%
Net Income	$-2,149	$696,001	-1.0%

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
WILLIAM C HELLEBUYCK	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JENNIFER KEE	BOARD MEMBER	1.00	Director	$0	$0	$0
APRIL MATALAVY	TREASURER	10.00	Officer Director	$0	$0	$0
LINDA ROBERTS	SECRETARY	10.00	Officer Director	$0	$0	$0
AMY SHEEHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
THERESA TOIA	PRESIDENT	30.00	Officer 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	$539,954	$542,103	$2,986,413	$-2,149
2023	$1,111,653	$415,652	$3,006,643	$696,001
2022	$506,563	$345,985	$720,172	$160,578
2021	$461,515	$317,259	$582,692	$144,256
2020	$414,537	$349,346	$438,436	$65,191
2019	$490,031	$416,254	$373,245	$73,777
2018	$347,228	$236,644	$299,468	$110,584

FRIENDS OF FOSTER KIDS