Future Choices Inc

EIN: 351967070 501(c)(3) Housing & Shelter

Muncie, IN

Total Revenue
$1,039,591
Total Expenses
$965,472
Total Assets
$2,768,862
Net Assets
$1,976,296
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
IN
Principal Officer
Beth Quarles
Phone
7657418332
Tax Period
2023-10-01 to 2024-09-30

Future Choices Inc, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $965K left a modest 7% surplus.

Mission

The mission is to provide unlimited options for minorities, youth, and Hoosiers with disabilities. The Organization is an open door, call in service provider that values the diginity of every person regardless of race, color, religion, sex, family status, national origin and disabilities.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $648,440
Program Service Revenue $391,151
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,039,591

Expense Breakdown

Grants Paid $0
Salaries & Benefits $422,812
Fundraising Expenses $0
Program Expenses $554,575
Other Expenses $542,660
TOTAL EXPENSES $965,472

Year-over-Year Comparison

2023 2022 Change
Revenue $1,039,591 $1,114,836 -0.1%
Expenses $965,472 $820,128 +0.2%
Net Income $74,119 $294,708 -0.7%
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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Governance

Voting Members
7
Independent Members
7
Employees
11
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
1
$55,534
Total Directors
7
$55,534
Key Employees
1
$55,534
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Beth Quarles Executive Director 050.00
Officer Director Key Emp
$55,534 $0 $55,534
Dee Ann Hart President 001.00
Director
$0 $0 $0
Angelo Edwards Member 001.00
Director
$0 $0 $0
Jared Jones MD Member 001.00
Director
$0 $0 $0
Maria Wilson Member 001.00
Director
$0 $0 $0
Jody Courtney Secretary and Treasurer 050.00
Director
$0 $0 $0
Teresa Jeter Member 001.00
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 $1,039,591 $965,472 $2,768,862 $74,119
2023 $1,114,836 $820,128 $2,605,904 $294,708
2022 $986,012 $859,567 $3,029,096 $126,445
2021 $925,549 $752,857 $2,767,933 $172,692
2020 $998,076 $952,576 $2,713,745 $45,500
2019 $759,083 $861,859 $2,509,618 $-102,776
2018 $711,591 $745,106 $2,657,502 $-33,515
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