FOREVER FAMILIES INC

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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

1997

Legal Domicile

Principal Officer

JEAN STENZEL

Phone

7347620909

Tax Period

2024-01-01 to 2024-12-31

FOREVER FAMILIES INC, founded in 1997, is a community nonprofit in the Human Services sector that reported $3.6M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

ADOPTION & FOSTER PLACEMENT SERVICES

Program Service Accomplishments

Program 1

Expenses: $3,099,621 Revenue: $3,623,660

INQUIRES INTO ADOPTION SERVICES REQUIRING INTERVIEWS. APPLICATIONS AND REGISTRATIONS FOR ADOPTION ASSISTANCE. PRE-PLACEMENT ASSESSEMENTS AND HOME STUDIES FOR PROSPECTIVE ADOPTIVE PARENTS IN THE AREA OF PREPARATION AND SUPPORT. ASSISTANCE TO FAMILIES WHO PURSUE INTERNATIONAL ADOPTIONS THROUGH A SEPARATE/INDEPENDANT INTERMEDIARY. DOMESTIC INFANT PLACEMENTS. CHILDREN WHO ARE WARDS OF THE STATE OF MICHIGAN WHOSE CASES WERE REFERRED TO THE AGENCY VIA CONTRACT WITH THE STATE. SUPERVISIONS FOR INTERNATIONAL, DOMESTIC AND STATE WARDS (FOSTER CARE).

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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 $12,800

Program Service Revenue $3,623,660

Investment Income $13

Other Revenue $0

TOTAL REVENUE $3,636,473

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,273,802

Fundraising Expenses $0

Program Expenses $3,099,621

Other Expenses $1,534,363

TOTAL EXPENSES $3,808,165

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,636,473	$3,913,636	-0.1%
Expenses	$3,808,165	$3,923,231	0.0%
Net Income	$-171,692	$-9,595	+16.9%

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

N/A

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

$264,926

Total Directors

$260,426

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY RAMSDEN	CFO	40.00	Officer Director	$131,196	$0	$131,196
JEAN STENZEL	CEOPRESIDENT	40.00	Officer Director	$129,230	$0	$129,230
TASHA SAMPSON-DAVIS	COO	40.00	Officer	$4,500	$0	$4,500
NICOLE HORNE	DIRECTOR	40.00	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	$3,636,473	$3,808,165	$1,547,212	$-171,692
2023	$3,913,636	$3,923,231	$1,676,548	$-9,595
2022	$3,300,009	$3,198,654	$1,717,108	$101,355
2021	$2,618,891	$2,577,387	$628,083	$41,504
2019	$2,103,800	$2,028,688	$287,423	$75,112