DAVE THOMAS FOUNDATION FOR ADOPTION

EIN: 311356151 501(c)(3) Unknown

DUBLIN, OH

Total Revenue
$56,121,707
Total Expenses
$44,555,925
Total Assets
$107,334,376
Net Assets
$100,281,140
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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
OH
Principal Officer
RITA L SORONEN
Phone
8002753832
Tax Period
2023-07-01 to 2024-06-30

DAVE THOMAS FOUNDATION FOR ADOPTION, founded in 1992, is a mid-sized nonprofit in the Unknown sector that reported $56.1M in total revenue in fiscal year 2023. The organization ran a surplus of $11.6M, a strong 21% operating margin.

Mission

THE DAVE THOMAS FOUNDATION FOR ADOPTION IS A NATIONAL NONPROFIT PUBLIC CHARITY DEDICATED EXCLUSIVELY TO FINDING PERMANENT HOMES FOR MORE THAN 140,000 CHILDREN WAITING IN NORTH AMERICA'S FOSTER CARE SYSTEMS. SEE SCHEDULE O FOR ADDITIONAL NARRATIVE ON THE ORGANIZATION'S MISSION.CREATED BY WENDY'S FOUNDER DAVE THOMAS, WHO WAS ADOPTED, THE FOUNDATION IMPLEMENTS EVIDENCE-BASED, RESULTS-DRIVEN NATIONAL SERVICE PROGRAMS, FOSTER CARE ADOPTION AWARENESS CAMPAIGNS AND INNOVATIVE GRANTMAKING INITIATIVES, AND OFFERS FREE RESOURCES TO ORGANIZATIONS AND PROSPECTIVE PARENTS.

Program Service Accomplishments

Program 1
Expenses: $31,140,721

WENDY'S WONDERFUL KIDS:WENDY'S WONDERFUL KIDS, A SIGNATURE PROGRAM OF THE FOUNDATION, IS MAKING A DIFFERENCE FOR THOUSANDS OF CHILDREN ACROSS THE NATION - ONE CHILD AT A TIME. THE DAVE THOMAS...

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WENDY'S WONDERFUL KIDS:WENDY'S WONDERFUL KIDS, A SIGNATURE PROGRAM OF THE FOUNDATION, IS MAKING A DIFFERENCE FOR THOUSANDS OF CHILDREN ACROSS THE NATION - ONE CHILD AT A TIME. THE DAVE THOMAS FOUNDATION FOR ADOPTION AWARDS GRANTS TO PUBLIC AND PRIVATE AGENCIES TO HIRE ADOPTION PROFESSIONALS WHO IMPLEMENT AN EVIDENCE-BASED, CHILD-FOCUSED RECRUITMENT STRATEGY TARGETED EXCLUSIVELY ON MOVING AMERICA'S LONGEST-WAITING CHILDREN FROM FOSTER CARE INTO ADOPTIVE FAMILIES. SEE SCHEDULE O FOR ADDITIONAL NARRATIVE ON WENDY'S WONDERFUL KIDS.RESEARCH RELEASED IN 2011 FROM A FIVE-YEAR RIGOROUS EVALUATION OF WENDY'S WONDERFUL KIDS CHILD-FOCUSED RECRUITMENT MODEL SHOWED THAT CHILDREN SERVED BY THE PROGRAM ARE UP TO THREE TIMES MORE LIKELY TO GET ADOPTED. WENDY'S WONDERFUL KIDS RECRUITERS WORK WITH CHILDREN AND YOUTH AT GREATEST RISK OF AGING OUT OF FOSTER CARE WITHOUT AN ADOPTIVE FAMILY. THE RECRUITERS HAVE SMALLER CASELOADS, TO ENSURE THEY HAVE THE TIME AND RESOURCES TO GIVE EACH CHILD THE ATTENTION THAT CHILD DESERVES AND EMPLOY AN AGGRESSIVE EVIDENCE-BASED PRACTICE MODEL FOCUSED ON FINDING THE BEST HOME FOR A CHILD.THE DAVE THOMAS FOUNDATION FOR ADOPTION SUPPORTS 531 WENDY'S WONDERFUL KIDS RECRUITERS WORKING FOR CHILDREN IN THE U.S. MORE THAN 13,820 CHILDREN HAVE BEEN ADOPTED AS A RESULT OF WENDY'S WONDERFUL KIDS, AND ANOTHER 1,085 ARE IN THEIR PRE-ADOPTIVE PLACEMENTS SIMPLY WAITING FOR A FINAL COURT HEARING.

Program 2
Expenses: $5,662,159

PROGRAM GRANTS & AWARENESS:THE FOUNDATION IS COMMITTED TO NATIONALLY COMMUNICATING THE URGENCY OF FOSTER CARE ADOPTION AND TO ENCOURAGING EVERYONE TO BECOME AN AMBASSADOR FOR WAITING CHILDREN...

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PROGRAM GRANTS & AWARENESS:THE FOUNDATION IS COMMITTED TO NATIONALLY COMMUNICATING THE URGENCY OF FOSTER CARE ADOPTION AND TO ENCOURAGING EVERYONE TO BECOME AN AMBASSADOR FOR WAITING CHILDREN. YEAR-ROUND AWARENESS EFFORTS INCLUDE DAILY SOCIAL MEDIA COMMUNICATIONS; MARKETING PROGRAMS DISPELLING MYTHS AND MISPERCEPTIONS SURROUNDING THE ISSUE OF FOSTER CARE ADOPTION AND THE CHILDREN WAITING TO BE ADOPTED; THE DEVELOPMENT AND DISTRIBUTION OF FREE EDUCATIONAL RESOURCES; THE PRODUCTION OF NATIONAL TELEVISION ANNOUNCEMENTS; SEE SCHEDULE O FOR ADDITIONAL NARRATIVE ON PROGRAM GRANTS & AWARENESS.MEDIA ENGAGEMENT AND THOUGHT LEADER SPEAKING AND KEYNOTE OPPORTUNITIES; AND PARTICIPATION IN A NUMBER OF EVENTS ACROSS THE UNITED STATES. ADDITIONALLY, SINCE 2002, THE FOUNDATION HAS COMMISSIONED SEVERAL GROUNDBREAKING STUDIES TO MEASURE AMERICANS' PERCEPTIONS OF FOSTER CARE ADOPTION.IN ADDITION TO FUNDING WENDY'S WONDERFUL KIDS GRANTS, RESOURCES GENERATED BY THE FOUNDATION HELP TO AWARD STRATEGIC NATIONAL GRANTS TO ADOPTION AGENCIES AND ORGANIZATIONS THAT SHARE THE FOUNDATION'S MISSION. THESE GRANTS PROVIDE CRITICAL FOSTER CARE ADOPTION SERVICES AND SUPPORT, PROMOTE BEST PRACTICES IN FOSTER CARE ADOPTION, AND ASSIST WITH EDUCATIONAL MATERIALS AND STRATEGIES FOR PARENTS AND CHILD WELFARE PROFESSIONALS.TWENTY-SIX ORGANIZATIONS WERE FUNDED UNDER THE NATIONAL GRANTS REPORT, INCLUDING THE CENTER FOR ADOPTION SUPPORT AND EDUCATION, STANFORD SIERRA YOUTH AND FAMILIES, VOICE FOR ADOPTION, BETHANY CHRISTIAN SERVICES OF GEORGIA, LUND FAMILY CENTER, INC., LUTHERAN FAMILY SERVICES OF NEBRASKA, INC., CARING FOR KIDS, INC., TREEHOUSE FOUNDATION, NATIONAL COUNCIL FOR ADOPTION, FOSTERING MEDIA CONNECTIONS, CHILDREN'S NETWORK OF SOUTHWEST FLORIDA, LLC, GENERATIONS UNITED, INC., ADOPT AMERICA NETWORK, INC., SECOND NURTURE, FAMILY TO FAMILY SUPPORT NETWORK, FOSTERING CHANGE FOR CHILDREN, ALLIANCE FOR CHILDREN'S RIGHTS, ADOPTION RHODE ISLAND, ADOPTIVE AND FOSTER FAMILY COALITION OF NEW YORK, FAMILIES RISING, RAISE THE FUTURE, KENT STATE UNIVERSITY FOUNDATION, ADOPTEE MENTORING SOCIETY, AID TO ADOPTION OF SPECIAL KIDS ARIZONA, CENTER FOR THE RIGHTS OF ABUSED CHILDREN, CONGRESSIONAL COALITION ON ADOPTION INSTITUTE.

Program 3
Expenses: $307,152

ADOPTION-FRIENDLY WORKPLACE:IN 1990, PRESIDENT GEORGE H.W. BUSH ASKED DAVE THOMAS, FOUNDER OF WENDY'S, TO BE THE SPOKESPERSON FOR A NEW ADOPTION INITIATIVE. DAVE, AN ADOPTEE AND ADOPTION ADVOCATE...

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ADOPTION-FRIENDLY WORKPLACE:IN 1990, PRESIDENT GEORGE H.W. BUSH ASKED DAVE THOMAS, FOUNDER OF WENDY'S, TO BE THE SPOKESPERSON FOR A NEW ADOPTION INITIATIVE. DAVE, AN ADOPTEE AND ADOPTION ADVOCATE, ENTHUSIASTICALLY ACCEPTED THE CHALLENGE AND BEGAN TO SPEAK OUT PUBLICLY, ASKING PEOPLE TO CONSIDER FOSTER CARE ADOPTION AND ENCOURAGING OTHER BUSINESS LEADERS TO OFFER ADOPTION AS A PART OF THEIR EMPLOYEE BENEFIT PLANS. ADOPTION-FRIENDLY WORKPLACE WAS DEVELOPED SEE SCHEDULE O FOR ADDITIONAL NARRATIVE ON ADOPTION-FRIENDLY WORKPLACE.TO KEEP DAVE THOMAS' WORK IN MOTION. THIS SIGNATURE PROGRAM OFFERS FREE TOOLKITS AND EXPERT GUIDANCE TO EMPLOYERS ACROSS THE NATION. THE GOAL IS TO PROVIDE COMPANIES WITH THE TOOLS AND SUPPORT NEEDED TO SET UP AND PROVIDE THEIR EMPLOYEES ADOPTION BENEFITS, INCLUDING FINANCIAL REIMBURSEMENT AND PAID LEAVE. THE FOUNDATION COMPILES AND PUBLISHES AN ANNUAL LIST OF THE NATION'S 100 BEST ADOPTION-FRIENDLY WORKPLACES LIST AND HIGHLIGHTS THE FORWARD-THINKING EMPLOYERS THAT HAVE ADOPTION BENEFITS IN PLACE.

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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 $51,321,470
Program Service Revenue $148,178
Investment Income $4,290,037
Other Revenue $362,022
TOTAL REVENUE $56,121,707

Expense Breakdown

Grants Paid $26,671,479
Salaries & Benefits $8,612,374
Fundraising Expenses $4,082,663
Program Expenses $37,173,005
Other Expenses $7,442,360
TOTAL EXPENSES $44,555,925

Year-over-Year Comparison

2023 2022 Change
Revenue $56,121,707 $52,421,388 +0.1%
Expenses $44,555,925 $40,455,373 +0.1%
Net Income $11,565,782 $11,966,015 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
22
Independent Members
21
Employees
73
Volunteers
50

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
7
$716,295
Total Directors
23
$500,343
Key Employees
4
$963,938
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RITA L SORONEN PRESIDENT & CEO 40.00
Officer Director
$479,248 $21,095 $500,343
ROBERT GEEN CHAIRMAN 1.00
Officer Director
$0 $0 $0
DEEPAK AJMANI VICE CHAIR 1.00
Officer Director
$0 $0 $0
TODD PENEGOR TREASURER (EXITED 02/24) 1.00
Officer Director
$0 $0 $0
MIKE O'MALLEY SECRETARY 1.00
Officer Director
$0 $0 $0
RICHARD KRUMHOLZ TRUSTEE (THRU 1/24), TREASURER (EFF. 1/24) 1.00
Officer Director
$0 $0 $0
JULIE BIESZCZAT TRUSTEE 1.00
Director
$0 $0 $0
LAURA BUTRICO TRUSTEE 1.00
Director
$0 $0 $0
ERIC DALY TRUSTEE 1.00
Director
$0 $0 $0
PAMELA FARBER TRUSTEE 1.00
Director
$0 $0 $0
JELANI FREEMAN TRUSTEE 1.00
Director
$0 $0 $0
KRIS KAFFENBARGER TRUSTEE 1.00
Director
$0 $0 $0
JHONNY MERCADO TRUSTEE 1.00
Director
$0 $0 $0
BLAIR MILLER TRUSTEE 1.00
Director
$0 $0 $0
SCOTT MOESCHBERGER TRUSTEE 1.00
Director
$0 $0 $0
WENDY THOMAS MORSE TRUSTEE 1.00
Director
$0 $0 $0
SEAN NIKLAS TRUSTEE 1.00
Director
$0 $0 $0
M COLEY O'BRIEN TRUSTEE 1.00
Director
$0 $0 $0
TERRY STIGDON TRUSTEE (ENTERED 01/24) 1.00
Director
$0 $0 $0
PETE SUERKEN TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL WELCH TRUSTEE (ENTERED 01/24) 1.00
Director
$0 $0 $0
TAMIKA WILLIAMS TRUSTEE 1.00
Director
$0 $0 $0
MIKE ZAK TRUSTEE 1.00
Director
$0 $0 $0
ERIC SPIRES SENIOR VP, CFO 40.00
Officer
$188,697 $27,255 $215,952
JILL CRUMBACHER SVP, MARKETING & DEVELOPMENT 40.00
Key Emp
$212,198 $35,434 $247,632
JENNIFER JUSTICE SVP, STRATEGIC PROGRAM DEVELOPMENT 40.00
Key Emp
$213,552 $30,835 $244,387
DAVID FRISSORA SVP, BUSINESS DEVELOPMENT 40.00
Key Emp
$200,023 $37,575 $237,598
MELINDA HAGGERTY SVP & GENERAL COUNSEL 40.00
Key Emp
$197,869 $36,452 $234,321
JULIANNE NICHOLS VP, MARKETING & COMMUNICATIONS 40.00
Highest
$145,196 $25,965 $171,161
ANDREA GLASS VP, PROGRAMS 40.00
Highest
$131,621 $23,694 $155,315
DEAN BRING VP, DEVELOPMENT 40.00
Highest
$132,801 $28,688 $161,489
ANGELA MARSHALL DIRECTOR, WENDY'S WONDERFUL KIDS 40.00
Highest
$118,767 $23,511 $142,278
MELISSA ECK SENIOR DIRECTOR, DATA 40.00
Highest
$109,955 $22,361 $132,316
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
2025 No data No data No data No data
2024 $56,121,707 $44,555,925 $107,334,376 $11,565,782
2023 $52,421,388 $40,455,373 $94,085,268 $11,966,015
2022 $45,774,004 $36,840,238 $82,316,858 $8,933,766
2021 $39,207,140 $28,821,951 $65,372,837 $10,385,189
2020 $28,219,535 $30,279,729 $50,095,040 $-2,060,194
2019 $30,142,217 $25,893,010 $50,123,644 $4,249,207
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