FOSTER ADOPTIVE FAMILY RESOURCE

EIN: 383243665 501(c)(3) Human Services

BATTLE CREEK, MI

Total Revenue
$635,307
Total Expenses
$673,773
Total Assets
$791,334
Net Assets
$752,037
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Principal Officer
SHARON DEWEY
Phone
2696600448
Tax Period
2024-01-01 to 2024-12-31

FOSTER ADOPTIVE FAMILY RESOURCE, founded in 1995, is a small nonprofit in the Human Services sector that reported $635K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring.

Mission

THE FOSTER ADOPTIVE RESOURCE CENTER'S GOAL IS TO ENCOURAGE COMMUNITY AWARENESS AND EDUCATION THROUGH COLLABORATIONS AND PARTNERSHIPS WITH OTHER ORGANIZATIONS AND TO PROVIDE CHILDCARE AND SUPPORT SERVICES FOR CONTIGUOUS COUNTIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $522,376
Program Service Revenue $95,341
Investment Income $15,460
Other Revenue $2,130
TOTAL REVENUE $635,307

Expense Breakdown

Grants Paid $0
Salaries & Benefits $520,482
Fundraising Expenses $0
Program Expenses $653,317
Other Expenses $153,291
TOTAL EXPENSES $673,773

Year-over-Year Comparison

2024 2023 Change
Revenue $635,307 $998,032 -0.4%
Expenses $673,773 $1,022,824 -0.3%
Net Income $-38,466 $-24,792 +0.6%
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

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Governance

Voting Members
7
Independent Members
7
Employees
23
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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARON DEWEY PRESIDENT N/A
Officer Director
$0 $0 $0
JULIA FULLER TREASURER N/A
Officer Director
$0 $0 $0
KIM HARRIS DIRECTOR N/A
Director
$0 $0 $0
BRENNAN HAUGEN DIRECTOR N/A
Director
$0 $0 $0
ROBIN ROGER'S DIRECTOR N/A
Director
$0 $0 $0
JAMIE VANAMEYDEN SECRETARY N/A
Officer Director
$0 $0 $0
IILYANNA VANVALKENBURG DIRECTOR N/A
Director
$0 $0 $0
LORETTA WHITT DIRECTOR N/A
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 $635,307 $673,773 $791,334 $-38,466
2023 $998,032 $1,022,824 $827,181 $-24,792
2022 $1,244,086 $1,083,645 $839,604 $160,441
2021 $1,359,672 $946,803 $733,059 $412,869
2020 $990,645 $951,109 $519,305 $39,536
2019 $1,009,944 $958,579 $352,944 $51,365
2018 $1,007,960 $876,774 $303,119 $131,186
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