THE HEART MATTERS FOSTER FAMILY AGENCY (EIN 464463807) - 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

2017

Legal Domicile

Phone

9094199791

Tax Period

2023-01-01 to 2023-12-31

THE HEART MATTERS FOSTER FAMILY AGENCY, founded in 2017, is a community nonprofit in the Human Services sector that reported $6.5M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

THE AGENCY PROVIDES FOSTER CARE SERVICES TO DEPENDENT CHILDREN BY PLACING THESE MINORS WITH FOSTER FAMILIES AND PROVIDING SUPPORT AND TRAINING SERVICES.

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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 $168,083

Program Service Revenue $6,359,675

Investment Income $230

Other Revenue $0

TOTAL REVENUE $6,527,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,930,402

Fundraising Expenses $0

Program Expenses $5,967,367

Other Expenses $3,635,341

TOTAL EXPENSES $6,565,743

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,527,988	$5,046,723	+0.3%
Expenses	$6,565,743	$5,158,550	+0.3%
Net Income	$-37,755	$-111,827	-0.7%

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

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

$509,497

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARRIE MATTHEWS	Executive Dir.	50.00	Officer	$509,497	$0	$509,497
ARBY FIELDS	Board President	32.00	Director	$0	$0	$0
ASIA WILLIAMSON	Vice President	1.00	Director	$0	$0	$0
DENISE REYNOLDS	Secretary	1.00	Director	$0	$0	$0
RORRIE AUBRY	Treasurer	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	No data	No data	No data	No data
2023	$6,527,988	$6,565,743	$1,510,976	$-37,755
2022	$5,046,723	$5,158,550	$1,642,388	$-111,827
2021	$4,221,544	$4,697,543	$1,383,289	$-475,999
2020	$4,806,021	$4,108,459	$1,834,754	$697,562
2019	$3,274,314	$2,933,480	$1,093,876	$340,834

THE HEART MATTERS FOSTER FAMILY AGENCY