FOSTERADOPT CONNECT INC (EIN 431895965) - 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

2000

Legal Domicile

Principal Officer

LORI ROSS

Phone

8163500215

Tax Period

2024-01-01 to 2024-12-31

FOSTERADOPT CONNECT INC, founded in 2000, is a mid-sized nonprofit in the Human Services sector that reported $23.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE FOSTER AND ADOPTIVE CHILDREN A STABLE, LOVING, AND NUTURING FAMILY ENVIRONMENT BY SUPPORT AND ADVOCACY FOR ABUSED AND NEGLECTED CHILDREN AND THE FAMILIES CARING FOR THEM.

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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 $19,399,416

Program Service Revenue $2,848,353

Investment Income $135,494

Other Revenue $836,104

TOTAL REVENUE $23,219,367

Expense Breakdown

Grants Paid $1,830,900

Salaries & Benefits $17,186,452

Fundraising Expenses $1,240,154

Program Expenses $17,413,380

Other Expenses $3,775,581

TOTAL EXPENSES $22,792,933

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,219,367	$20,791,342	+0.1%
Expenses	$22,792,933	$21,862,650	+0.0%
Net Income	$426,434	$-1,071,308	-1.4%

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

471

Volunteers

250

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

$1,082,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI ROSS	PRESIDENT AN	40.00	Officer	$190,967	$40,612	$231,579
JENNIFER JOHNSON	COO	40.00	Officer	$157,814	$40,485	$198,299
BRIDGET MYERS	CHIEF DEVEL	40.00	Officer	$142,265	$15,834	$158,099
DAVID VEST	CFO	40.00	Officer	$141,087	$39,270	$180,357
JOSHUA HOLLINSWORTH	CHIEF ADVANC	40.00	Officer	$119,190	$49,443	$168,633
THOMAS PRUDDEN	CHIEF BUSINE	40.00	Officer	$100,455	$45,378	$145,833
MELANIE MCDOLE	CHAIR	2.00	Officer Director	$0	$0	$0
CLAYTON YEARNS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BEN BROUSE	TREASURER	2.00	Officer Director	$0	$0	$0
IVAN CORTES	SECRETARY	2.00	Officer Director	$0	$0	$0
AMY DEVINE	BOARD MEMBER	1.00	Director	$0	$0	$0
BRENT WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID WOODS	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUGLAS GHERTNER	BOARD MEMBER	1.00	Director	$0	$0	$0
J EUGENE BALLOUN	BOARD MEMBER	1.00	Director	$0	$0	$0
KEN MARKER	BOARD MEMBER	1.00	Director	$0	$0	$0
MADISON HATTEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGI PENCE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK HEGARTY	BOARD MEMBER	1.00	Director	$0	$0	$0
MAX WILBER	BOARD MEMBER	1.00	Director	$0	$0	$0
MOLLY WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RAIMONDA SHELTON KING	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM DECKER	BOARD MEMBER	1.00	Director	$0	$0	$0
WES ENGRAM	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL CARUSO	BOARD MEMBER	1.00	Director	$0	$0	$0
KELI TUSCHMAN	BOARD MEMBER	1.00	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	$23,219,367	$22,792,933	$14,684,686	$426,434
2023	$20,791,342	$21,862,650	$14,136,289	$-1,071,308
2022	$18,851,984	$17,486,599	$14,379,682	$1,365,385
2021	$8,168,684	$9,097,668	$12,161,256	$-928,984
2020	$9,176,216	$8,303,015	$11,491,245	$873,201
2020	$9,176,216	$6,983,563	$11,491,245	$2,192,653
2019	$10,250,716	$6,870,806	$9,705,318	$3,379,910
2019	$11,108,216	$6,826,301	$10,607,323	$4,281,915
2018	$8,089,606	$6,321,245	$6,808,891	$1,768,361

FOSTERADOPT CONNECT INC