Foster Progress (EIN 473959210) - 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

2015

Legal Domicile

Principal Officer

Kate Danielson

Phone

8472549644

Tax Period

2024-07-01 to 2025-06-30

Foster Progress, founded in 2015, is a small nonprofit in the Human Services sector that reported $770K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $698K left a modest 9% surplus.

Mission

Empower Illinois youth currently or formerly in foster care to attain a college degree and transition into adulthood successfully by providing mentorship, advocacy, and educational opportunity.

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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 $782,367

Program Service Revenue $0

Investment Income $3,655

Other Revenue $-16,219

TOTAL REVENUE $769,803

Expense Breakdown

Grants Paid $77,814

Salaries & Benefits $498,821

Fundraising Expenses $74,254

Program Expenses $549,039

Other Expenses $121,674

TOTAL EXPENSES $698,309

Year-over-Year Comparison

	2024	2023	Change
Revenue	$769,803	$704,899	+0.1%
Expenses	$698,309	$610,022	+0.1%
Net Income	$71,494	$94,877	-0.2%

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

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

$95,587

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matt Ward	Chair	2.00	Officer Director	$0	$0	$0
Cristina Ortega	Treasurer	2.00	Officer Director	$0	$0	$0
Stacy Warden	Secretary	2.00	Officer Director	$0	$0	$0
LeDeidre Turner	Director	2.00	Director	$0	$0	$0
Prashant Srivastava	Director	2.00	Director	$0	$0	$0
Veronica Bowen	Director	2.00	Director	$0	$0	$0
Rosa M Toubal	Director	2.00	Director	$0	$0	$0
Kate Danielson	Executive Director	40.00	Officer	$95,587	$0	$95,587

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
2025	$769,803	$698,309	$439,151	$71,494
2024	$704,899	$610,022	$370,344	$94,877
2023	$512,016	$351,818	$265,909	$160,198
2022	$309,722	$300,070	$123,251	$9,652

Foster Progress