GOLDEN HEARTS ADULT FOSTER CARE

EIN: 400030958 501(c)(3) Human Services

Lansing, MI

Total Revenue
$268,509
Total Expenses
$153,506
Total Assets
$156,375
Net Assets
$156,375
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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
2024
Legal Domicile
MI
Tax Period
2024-01-01 to 2024-12-31

GOLDEN HEARTS ADULT FOSTER CARE, founded in 2024, is a small nonprofit in the Human Services sector that reported $269K in total revenue in fiscal year 2024. The organization ran a surplus of $115K, a strong 43% operating margin.

Mission

THE ORGANIZATION OFFERS COMMUNITY SUPPORT FOR RESIDENTS WITH DISABILITIES, INCLUDING HELP WITH GROCERY SHOPPING, USING PUBLIC TRANSPORTATION, MANAGING FINANCES, SCHEDULING DOCTOR APPOINTMENTS, AND ENSURING SAFETY PROTOCOLS, WITH THE GOAL OF FOSTERING INDEPENDENCE.

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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 $268,509
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $268,509

Expense Breakdown

Grants Paid $0
Salaries & Benefits $49,015
Fundraising Expenses $0
Program Expenses $143,506
Other Expenses $104,491
TOTAL EXPENSES $153,506

Year-over-Year Comparison

2024 2023 Change
Revenue $268,509 N/A N/A
Expenses $153,506 N/A N/A
Net Income $115,003 N/A N/A
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
3
Independent Members
3
Employees
2
Volunteers
10

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARSHEA BROWN VICE PRESIDENT 10.00
Director
$0 $0 $0
VICTORIA JOSEPH SECRETARY 0.00
Director
$0 $0 $0
JENNIFER BURGESS PRESIDENT 40.00
Officer 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 $268,509 $153,506 $156,375 $115,003
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