FOSTERING SOLUTIONS (EIN 464607029) - 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

2014

Legal Domicile

Principal Officer

KRISTEN BROWN

Phone

5172630020

Tax Period

2023-10-01 to 2024-09-30

FOSTERING SOLUTIONS, founded in 2014, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 4% surplus.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE CHILD WELFARE AND SUPPORTING SERVICES TO CHILDREN, FAMILIES, AND INDIVIDUALS WORKING AND LIVING IN MICHIGAN.

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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 $2,455

Program Service Revenue $1,642,690

Investment Income $8,069

Other Revenue $0

TOTAL REVENUE $1,653,214

Expense Breakdown

Grants Paid $0

Salaries & Benefits $821,190

Fundraising Expenses $0

Program Expenses $1,341,048

Other Expenses $761,158

TOTAL EXPENSES $1,582,348

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,653,214	$1,344,797	+0.2%
Expenses	$1,582,348	$1,452,446	+0.1%
Net Income	$70,866	$-107,649	-1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MORGAN GUERRERO	MEMBER	N/A	Director	$0	$0	$0
JESSICA PATTERSON	MEMBER	N/A	Director	$0	$0	$0
ANDREA REICHEL	MEMBER	N/A	Director	$0	$0	$0
JOHN BAILEY	EXECUTIVE DI	N/A	Officer	$0	$0	$0
KRISTEN BROWN	PRESIDENT/TR	N/A	Officer	$0	$0	$0
ELLIOT SNYDER	SECRETARY	N/A	Officer	$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	$1,653,214	$1,582,348	$745,261	$70,866
2023	$1,344,797	$1,452,446	$714,652	$-107,649
2022	$1,432,927	$1,389,734	$578,184	$43,193
2021	$1,292,527	$1,313,111	$513,027	$-20,584
2021	$1,451,583	$1,313,111	$672,083	$138,472
2020	$1,114,407	$1,243,242	$527,608	$-128,835
2019	$1,393,606	$1,267,715	$491,474	$125,891

FOSTERING SOLUTIONS