Foster Family Alliance of North Carolina (EIN 510174878) - 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

2018

Legal Domicile

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 childre, youth and resource families of NC.

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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 $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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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

$72,819

Total Directors

Key Employees

Highest Compensated

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

Foster Family Alliance of North Carolina