THE FUTURES FOUNDATION

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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

1998

Legal Domicile

Principal Officer

JAMES NICHOLSON

Phone

5864642610

Tax Period

2022-10-01 to 2023-09-30

THE FUTURES FOUNDATION, founded in 1998, is a small nonprofit in the Mental Health sector that reported $630K in total revenue in fiscal year 2022. Revenue surged 198% from the prior year, signaling strong growth momentum. The organization ran a surplus of $156K, a strong 25% operating margin.

Mission

THE MISSION OF THE FUTURES FOUNDATION IS TO BE A VOICE FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES BY HELPING INDIVIDUALS GET ACCESS TO EVERYDAY FUNDAMENTAL NEEDS, FACILITATING CREATION OF WAYS TO ADDRESS SYSTEMIC NEEDS AND BEING A CATALYST IN DRIVING COLLABORATIVE LIFELONG CARE SOLUTIONS.

Program Service Accomplishments

Program 1

Expenses: $430,412 Revenue: $157,151

UPON FORMAL COMMITTEE REVIEW AND APPROVAL OF GRANT REQUESTS, THE FUTURES FOUNDATION FULFILLS SUCH REQUESTS FOR BASIC NEEDS, SKILL BUILDING OPPORTUNITIES AND/OR EQUIPMENT, TECHNOLOGY...

UPON FORMAL COMMITTEE REVIEW AND APPROVAL OF GRANT REQUESTS, THE FUTURES FOUNDATION FULFILLS SUCH REQUESTS FOR BASIC NEEDS, SKILL BUILDING OPPORTUNITIES AND/OR EQUIPMENT, TECHNOLOGY ESSENTIAL/EQUIPMENT FOR COMMUNICATION, EDUCATION, EMPLOYMENT; RECREATION AND COMMUNITY PROGRAMS, OTHERWISE UNAVAILABLE OR INACCESSIBLE TO THE CHILD OR ADULT WITH SPECIAL NEEDS. IN SERVICE AND OPPORTUNITY, OVER 4,500 INDIVIDUALS AND FAMILIES HAVE BEEN IMPACTED BY THE FOUNDATION - STABILIZING HOME ENVIRONMENTS, FORSTERING COMMUNITY ENGAGEMENT, PROVIDING OPPORTUNITY AND BUILDING SELF-RELIANCE. IN ADDITION TO DIRECT SERVICE, THE FUTURES FOUNDATION WAS A LEAD PARTNER IN THE LAUNCH OF MICHIGAN'S DIRECT CARE WORK TASK FORCE AND SERVES AS A CONSISTENT VOICE FOR THE CAREGIVING NEEDS OF CHILDREN AND ADULTS WITH DEVELOPMENTAL DISABILITIES. IN ADDITION TO WORK WITH THE MICHIGAN DIRECT CARE WORK TASK FORCE, THE FUTURES FOUNDATION IS ALSO A PARTNER MORE BROADLY WIHT THE NATIONALLY KNOWN AND FOCUSED CAREGIVING ENTITIES. SERVICE ON ADVISORY COMMITTEES AND LOOKING SOON TO ACTIVE ENGAGEMENTS IN RESEARCH, TOGETHER, THE FUTURES FOUNDATION AND NATIONAL PARTNERS HAVE A SHARED BELIEF IN GAREGIVER VALUE - INCLUSIVE OF EXPERIENCES, NEEDS, TRAINING, RESOURCES, ETC. AMIDST FAMILY CAREGIVERS AND BEYOND, FOR THOSE WITH A DISABILITY NEEDING 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 (2022)

Revenue Breakdown

Contributions & Grants $531,827

Program Service Revenue $0

Investment Income $157,151

Other Revenue $-59,224

TOTAL REVENUE $629,754

Expense Breakdown

Grants Paid $83,085

Salaries & Benefits $195,927

Fundraising Expenses $25,367

Program Expenses $430,412

Other Expenses $194,329

TOTAL EXPENSES $473,341

Year-over-Year Comparison

	2022	2021	Change
Revenue	$629,754	$211,433	+2.0%
Expenses	$473,341	$527,984	-0.1%
Net Income	$156,413	$-316,551	-1.5%

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

N/A

Volunteers

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

$251,251

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES NICHOLSON	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
DANA LOCNISKAR	SECRETARY OF THE BOARD	1.00	Officer Director	$0	$0	$0
ELIZABETH BAUER	TREASURER OF THE BOARD	1.00	Officer Director	$0	$0	$0
GARRY CARLEY	TRUSTEE	1.00	Director	$0	$0	$0
LUANA FLOCCUZIO	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MORDEN	TRUSTEE	1.00	Director	$0	$0	$0
PETER KELLETT	TRUSTEE	1.00	Director	$0	$0	$0
PAM WONG	TRUSTEE	1.00	Director	$0	$0	$0
MICHELLE GLAZIER	EXECUTIVE DIRECTOR	40.00	Officer	$0	$25,419	$251,251

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	$629,754	$473,341	$2,460,831	$156,413
2023	$147,273	$304,474	$2,529,643	$-157,201
2022	$211,433	$527,984	$2,058,374	$-316,551
2021	$741,294	$457,843	$2,885,021	$283,451
2020	$395,304	$444,911	$2,473,116	$-49,607
2019	$630,906	$523,886	$2,429,931	$107,020
2018	$232,294	$400,356	$2,425,008	$-168,062