THE FUTURES FOUNDATION (EIN 383441825) - 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

1998

Legal Domicile

Principal Officer

JAMES NICHOLSON

Phone

5864642610

Tax Period

2023-10-01 to 2023-12-31

THE FUTURES FOUNDATION, founded in 1998, is a small nonprofit in the Mental Health sector that reported $147K in total revenue in fiscal year 2023. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $304K exceeded revenue, resulting in a 107% operating deficit.

Mission

THE FOUNDATION IS COMMITTED TO FURTHERING A QUALITY LIFE FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES BY ADDRESSING FUNDAMENTAL NEEDS THAT ARE NOT COVERED ANYWHERE ELSE. THE FOUNDATION'S FOCUS HAS BEEN ON PROVIDING EVERYDAY BASICS, TECHNOLOGY/COMMUNICATIONS, MOBILITY AND SKILL BUILDING/INCLUSION EXPERIENCES. OFTEN THESE ARE PERCEIVED AS SMALL THINGS, YET FOR PEOPLE WITH SPECIAL NEEDS THESE THINGS CAN BE LIFE CHANGING. OVER 4,500 INDIVIDUALS AND FAMILIES HAVE BEEN IMPACTED BY THE FOUNDATION - EASING EXTRAORDINARY STRESSES OF EVERYDAY LIVING, STABILIZING HOME ENVIRONMENTS, FOSTERING COMMUNITY ENGAGEMENT, AND BUILDING SELF-RELIANCE AND PRIDE. AS A RESULT OF LEARNING OVER 25 YEARS, AND RECENT INPUT FROM STAKEHOLDERS, EXPERTS, COMMUNITY AND ESPECIALLY THE FEEDBACK FROM THOSE SERVED, THE FUTURES FOUNDATION HAS EVOLVED ITS MISSION. IN ADDITION TO GROWING EFFORTS TO DATE, KEY EFFORTS ARE UNDERWAY WORKING WITH PARTNERS ON DEVELOPING SYSTEMATIC SOLUTIONS TO ELEVATE THE DIRECT CARE WORKFORCE IN HOME AND COMMUNITY SETTINGS. WITH THE ONSET OF COVID-19, THE DIRECT CARE WORKFORCE IN HOME AND COMMUNITY BASED SETTINGS WAS NOT INITIALLY DEEMED AN ESSENTIAL WORKFORCE, AND THUS NOT PRIORITIZED IN THE RECEIPT OF PPE. WHILE A SMALL DENT IN WHAT WAS NEEDED, THE FUTURES FOUNDATION WORKED IN COLLABORATION WITH PROVIDERS TO IDENTIFY IMMEDIATE NEEDS AND SUBSEQUENTLY IDENTIFY SOURCES, PROCURE, FUND AND DELIVER PPE TO OVER 3,000 DIRECT CARE WORKERS IN HOME AND COMMUNITY BASED SETTINGS. THE FUTURES FOUNDATION CONTINUES TO SERVE IN LEADERSHIP ON THE STATE OF MICHIGAN'S DIRECT CARE WORK TASK FORCE ENSURING THE VOICE OF PROVIDERS AND CONSTITUENTS.

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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 $70,141

Program Service Revenue $0

Investment Income $77,132

Other Revenue $0

TOTAL REVENUE $147,273

Expense Breakdown

Grants Paid $37,088

Salaries & Benefits $66,449

Fundraising Expenses $10,533

Program Expenses $276,834

Other Expenses $200,937

TOTAL EXPENSES $304,474

Year-over-Year Comparison

	2023	2022	Change
Revenue	$147,273	$629,754	-0.8%
Expenses	$304,474	$473,341	-0.4%
Net Income	$-157,201	$156,413	-2.0%

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

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

$244,459

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	$220,673	$23,786	$244,459

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

THE FUTURES FOUNDATION