CARSON'S ADULT FOSTER CARE (EIN 382125144) - 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

1976

Legal Domicile

Principal Officer

LATOSHA GUSSMAN

Phone

2489747988

Tax Period

2023-10-01 to 2024-09-30

CARSON'S ADULT FOSTER CARE, founded in 1976, is a small nonprofit in the Human Services sector that reported $636K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 71% operating deficit.

Mission

RESIDENTIAL CARE & SUPPORT SERVICE FOR SEVERELY MENTALLY IMPAIRED ADULTS.

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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 $636,454

Investment Income $0

Other Revenue $0

TOTAL REVENUE $636,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $655,152

Fundraising Expenses $0

Program Expenses $1,013,167

Other Expenses $431,199

TOTAL EXPENSES $1,086,351

Year-over-Year Comparison

	2023	2022	Change
Revenue	$636,454	$1,075,219	-0.4%
Expenses	$1,086,351	$909,156	+0.2%
Net Income	$-449,897	$166,063	-3.7%

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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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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA MACLIN	PRESIDENT	1.00	Officer	$0	$0	$0
LATOSHA GUSSMAN	VICE PRESIDENT	1.00	Officer	$0	$0	$0
STEPHEN I RANDAL	SECRETARY/TREASURER	1.00	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	$636,454	$1,086,351	No data	$-449,897
2023	$1,075,219	$909,156	$772,412	$166,063
2022	$1,092,369	$795,359	$658,569	$297,010
2021	$822,403	$659,819	$468,975	$162,584
2020	$693,494	$908,641	$261,445	$-215,147
2019	$997,096	$684,619	$470,670	$312,477
2018	$639,455	$606,351	No data	$33,104

CARSON'S ADULT FOSTER CARE