ADOPTION ASSOCIATES INC (EIN 383088375) - 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

1990

Legal Domicile

Principal Officer

JANE BAREMAN

Phone

6166670677

Tax Period

2024-01-01 to 2024-12-31

ADOPTION ASSOCIATES INC, founded in 1990, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $253K, a strong 16% operating margin.

Mission

TO SERVE VULNERABLE CHILDREN BY PROVIDING ADOPTION COUNSELING TO EXPECTANT PARENTS, DOMESTIC INFANT AND INTERNATIONAL ADOPTION SERVICES TO PROSPECTIVE ADOPTIVE PARENTS, AND TO BE A STRONG VOICE OF ADVOCACY FOR THE BENEFITS OF ADOPTION THROUGHOUT MICHIGAN AND BEYOND.

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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 $16,794

Program Service Revenue $1,474,406

Investment Income $41,225

Other Revenue $15,400

TOTAL REVENUE $1,547,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $816,182

Fundraising Expenses $0

Program Expenses $822,514

Other Expenses $479,077

TOTAL EXPENSES $1,295,259

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,547,825	$1,314,087	+0.2%
Expenses	$1,295,259	$1,447,190	-0.1%
Net Income	$252,566	$-133,103	-2.9%

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

$107,512

Total Directors

$216,473

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNA LEYS	DIRECTOR	40.00	Director	$84,961	$0	$84,961
LAURA BUSSA	SECRETARY	40.00	Officer Director	$77,512	$0	$77,512
JANE BAREMAN	PRESIDENT	10.00	Officer Director	$30,000	$0	$30,000
NANCY CANNON	DIRECTOR	2.00	Director	$0	$12,000	$12,000
PAULA SPRINGER	DIRECTOR	5.00	Director	$0	$12,000	$12,000
HOLLY VREDEVOOGD	DIRECTOR	1.00	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	$1,547,825	$1,295,259	$1,762,041	$252,566
2023	$1,314,087	$1,447,190	$1,461,052	$-133,103
2022	$992,814	$1,685,137	$1,607,714	$-692,323
2021	$1,228,663	$1,466,413	$2,320,775	$-237,750
2021	$1,228,663	$1,579,596	$2,207,592	$-350,933
2020	$1,902,770	$1,678,570	$2,359,765	$224,200
2019	$1,845,281	$1,680,879	$1,957,069	$164,402
2018	$1,847,382	$1,862,701	$1,797,414	$-15,319

ADOPTION ASSOCIATES INC