Foster Family Alliance of North Carolina

EIN: 510174878 501(c)(3) Human Services

Mebane, NC

Total Revenue
$752,347
Total Expenses
$637,206
Total Assets
$325,703
Net Assets
$277,851
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NC
Principal Officer
Tracy Boggiano
Phone
8005787770
Tax Period
2023-01-01 to 2023-12-31

Foster Family Alliance of North Carolina, founded in 2018, is a small nonprofit in the Human Services sector that reported $752K in total revenue in fiscal year 2023. Revenue surged 162% from the prior year, signaling strong growth momentum. The organization ran a surplus of $115K, a strong 15% operating margin.

Mission

Educate, advocate, support and promote partnerships that lead to positive outcomes for children, youth and resource families of NC.

Program Service Accomplishments

Program 1
Expenses: $590,541 Revenue: $402,444

Through our partnership with Foster Family Alliance of North Carolina (FFA-NC), we have successfully expanded the on the ground direct support in North Carolina, with a focus on mobilizing local...

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Through our partnership with Foster Family Alliance of North Carolina (FFA-NC), we have successfully expanded the on the ground direct support in North Carolina, with a focus on mobilizing local churches, non-profit organizations and corporations to meet the needs of children and families in crisis. Our efforts have resulted in the following key accomplishments during the tax year:

Program 2

Expansion of Love Fund: --Launched statewidefacilitating direct community support for vulnerable children and families in times of need, including help with back to school, Christmas and other times...

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Expansion of Love Fund: --Launched statewidefacilitating direct community support for vulnerable children and families in times of need, including help with back to school, Christmas and other times during the year --Increased the number of participating churches, nonprofits and corporations, significantly broadening our network of responders.

Program 3

Resource Distribution with Foster Care Closets: Enabled the distribution of essential resources such as beds, food, clothing, educational supplies, and home repairs, contributing to the stability of...

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Resource Distribution with Foster Care Closets: Enabled the distribution of essential resources such as beds, food, clothing, educational supplies, and home repairs, contributing to the stability of resource families. Training and Support: Provided training to Department of Social Services (DSS) staff, resource parents, and church volunteers statewide to promote the need of foster parents, funding for financial help, and topic specific training as requested by resource parents/professionals.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $349,678
Program Service Revenue $402,444
Investment Income $0
Other Revenue $225
TOTAL REVENUE $752,347

Expense Breakdown

Grants Paid $3,195
Salaries & Benefits $310,860
Fundraising Expenses $0
Program Expenses $590,541
Other Expenses $323,151
TOTAL EXPENSES $637,206

Year-over-Year Comparison

2023 2022 Change
Revenue $752,347 $286,612 +1.6%
Expenses $637,206 $259,591 +1.5%
Net Income $115,141 $27,021 +3.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
18
Volunteers
5

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
5
$72,819
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Susan Gaile Osborne Executive Director 40.00
Officer
$72,819 $0 $72,819
Tracy Boggiano President 10.00
Officer Director
$0 $0 $0
Doug Price Vice-President 2.00
Officer Director
$0 $0 $0
Daniel Dunning Treasurer 2.00
Officer Director
$0 $0 $0
Arlette Lambert Secretary 2.00
Officer Director
$0 $0 $0
Megan Spidell Beaver Member 1.00
Director
$0 $0 $0
Ryan Bentley Member 1.00
Director
$0 $0 $0
Celena Harris Member 1.00
Director
$0 $0 $0
Lisa Lynn Member 1.00
Director
$0 $0 $0
Joanne Scaturro 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 No data No data No data No data
2023 $752,347 $637,206 $325,703 $115,141
2022 $286,612 $259,591 $166,921 $27,021
2021 $204,587 $97,605 $139,706 $106,982
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