FOSTERING GREAT IDEAS (EIN 274622960) - 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

2011

Legal Domicile

Principal Officer

DAVID WHITE

Phone

8645675216

Tax Period

2024-01-01 to 2024-12-31

FOSTERING GREAT IDEAS, founded in 2011, is a small nonprofit in the Human Services sector that reported $934K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $823K left a modest 12% surplus.

Mission

TO IMPROVE THE LIVES OF CHILDREN AS THEY STRUGGLE IN FOSTER CARE.

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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 $896,415

Program Service Revenue $5,800

Investment Income $42,962

Other Revenue $-10,810

TOTAL REVENUE $934,367

Expense Breakdown

Grants Paid $0

Salaries & Benefits $574,696

Fundraising Expenses $11,650

Program Expenses $751,107

Other Expenses $248,433

TOTAL EXPENSES $823,129

Year-over-Year Comparison

	2024	2023	Change
Revenue	$934,367	$808,472	+0.2%
Expenses	$823,129	$576,094	+0.4%
Net Income	$111,238	$232,378	-0.5%

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

Volunteers

130

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

$63,372

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY SCHEIB	CHAIR	4.00	Officer Director	$0	$0	$0
LONNIE DECKER	DIRECTOR	3.00	Director	$0	$0	$0
AMY KARMILOVICH	SECRETARY	3.00	Officer Director	$0	$0	$0
JOE TURNER	DIRECTOR	3.00	Director	$0	$0	$0
SELDEN PEDEN JD	DIRECTOR	3.00	Director	$0	$0	$0
PAM PRASHAD	TREASURER	3.00	Officer Director	$0	$0	$0
DEJR BOSTICK	VICE CHAIR	3.00	Officer Director	$0	$0	$0
JON LOPEZ	DIRECTOR	3.00	Director	$0	$0	$0
DAVID WHITE	CEO	50.00	Officer	$63,372	$0	$63,372

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	$934,367	$823,129	$956,760	$111,238
2023	$808,472	$576,094	$841,080	$232,378
2022	$521,390	$499,194	$546,082	$22,196
2021	$524,540	$378,949	$554,601	$145,591
2020	$423,642	$376,356	$408,679	$47,286
2019	$329,083	$338,499	$362,668	$-9,416
2018	$336,068	$271,877	$367,191	$64,191

FOSTERING GREAT IDEAS