Fostering The Light Foundation (EIN 383654768) - 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

Principal Officer

Michael J Barrett

Phone

3048869907

Tax Period

2022-01-01 to 2022-12-31

Fostering The Light Foundation is a small nonprofit in the Mental Health sector that reported $686K in total revenue in fiscal year 2022. Revenue surged 174% from the prior year, signaling strong growth momentum. Expenses of $633K left a modest 8% surplus.

Mission

Engage in programs that positively impact the lives of foster children in the Eastern Panhandle of West Virginia.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $685,631

TOTAL REVENUE $685,631

Expense Breakdown

Grants Paid $9,000

Salaries & Benefits $91,153

Fundraising Expenses $0

Program Expenses $9,000

Other Expenses $532,700

TOTAL EXPENSES $632,853

Year-over-Year Comparison

	2022	2021	Change
Revenue	$685,631	$250,039	+1.7%
Expenses	$632,853	$263,366	+1.4%
Net Income	$52,778	$-13,327	-5.0%

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

N/A

Employees

N/A

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

Total Directors

$31,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael J Barrett	Director	25.00	Director	$31,200	$0	$31,200
Kristi Woodward	Director	0.00	Director	$0	$0	$0
Lisa Ratcliff	Director	0.00	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	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	$685,631	$632,853	$58,529	$52,778
2021	$250,039	$263,366	$24,655	$-13,327

Fostering The Light Foundation