THE FAVORED FOUNDATION FOR STRENGTHENING FAMILIES (EIN 463901875) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

CORTAIGA COLLINS

Phone

3144775166

Tax Period

2023-01-01 to 2023-12-31

THE FAVORED FOUNDATION FOR STRENGTHENING FAMILIES, founded in 2013, is a small nonprofit in the Education sector that reported $546K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $489K left a modest 10% surplus.

Mission

OUR ORGANIZATION SEEKS TO STRENGTHEN THE FAMILIY UNIT THROUGH PARTICIPATION IN FAMILY ACTIVITIES. THROUGH EDUCATION AND ACCESS TO COMMUNITY RESOURCES, WE AIM TO ASSIST FAMILIES ACHIEVE SELF-SUFFICIENCY AND BUILD GENERATIONAL WEALTH.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $105,949

Program Service Revenue $439,622

Investment Income $0

Other Revenue $0

TOTAL REVENUE $545,571

Expense Breakdown

Grants Paid $3,365

Salaries & Benefits $175,234

Fundraising Expenses $0

Program Expenses $434,966

Other Expenses $310,518

TOTAL EXPENSES $489,117

Year-over-Year Comparison

	2023	2022	Change
Revenue	$545,571	$1,146,962	-0.5%
Expenses	$489,117	$978,238	-0.5%
Net Income	$56,454	$168,724	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$100,000

Total Directors

$100,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORTAIGA COLLINS	Executive Dir.	40.00	Officer Director	$100,000	$0	$100,000
KIA IVY-GIBSON	Treasurer	3.00	Officer Director	$0	$0	$0
MAHAGONY MOORE	Director	3.00	Director	$0	$0	$0
MONTINA MULLEN	President	3.00	Officer Director	$0	$0	$0
KATINA KINNEL	Director	3.00	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
2023	$545,571	$489,117	$2,716,392	$56,454
2022	$1,146,962	$978,238	$2,562,780	$168,724
2021	$655,937	$708,885	$2,065,098	$-52,948

THE FAVORED FOUNDATION FOR STRENGTHENING FAMILIES