FOREVER FAMILIES HOME STUDY AGENCY… - Form 990 Financial Data

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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

2006

Legal Domicile

Principal Officer

MARGOT LOGAN

Phone

4079778639

Tax Period

2023-01-01 to 2023-12-31

FOREVER FAMILIES HOME STUDY AGENCY INC, founded in 2006, is a micro nonprofit in the Human Services sector that reported $52K in total revenue in fiscal year 2023. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $73K exceeded revenue, resulting in a 40% operating deficit.

Mission

THE PRIMARY EXEMPT PURPOSE IS TO FACILITATE ADOPTIONS TO LOCAL FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $73,028

FOREVER FAMILIES HOME STUDY AGENCY, INC. COMPLETED SEVERAL ADOPTIONS DURING THE YEAR. THESE ADOPTIONS COINCIDE WITH THE PRIMARY EXEMPT FUNCTION.

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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 $0

Program Service Revenue $52,181

Investment Income $187

Other Revenue $0

TOTAL REVENUE $52,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,919

Fundraising Expenses $0

Program Expenses $73,163

Other Expenses $46,244

TOTAL EXPENSES $73,163

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,368	$377,978	-0.9%
Expenses	$73,163	$358,694	-0.8%
Net Income	$-20,795	$19,284	-2.1%

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

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

$25,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGOT LOGAN	DIRECTOR	40.00	Director	$25,000	$0	$25,000
BRYAN MEIZINGER	MEMBER	0.00	Director	$0	$0	$0
TAMMY AUSTIN	SECRETARY	0.00	Officer	$0	$0	$0
KOREEN BAKER	OFFICER	0.00	Officer	$0	$0	$0
JENNIFER FUREY	OFFICER	0.00	Officer	$0	$0	$0
LAURA HALL	DIRECTOR	0.00	Officer	$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	$52,368	$73,163	$2,817	$-20,795
2022	$377,978	$358,694	$8,959	$19,284
2021	$120,222	$122,074	$3,724	$-1,852
2020	$118,628	$125,161	$4,041	$-6,533
2019	$208,875	$255,169	$12,940	$-46,294
2018	$295,214	$244,962	$62,496	$50,252

FOREVER FAMILIES HOME STUDY AGENCY INC