FRIENDS IN ADOPTION INC

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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

1982

Legal Domicile

Principal Officer

TARA SALTIS

Phone

8009823678

Tax Period

2023-01-01 to 2023-12-31

FRIENDS IN ADOPTION INC, founded in 1982, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $185K, a strong 18% operating margin.

Mission

THE ORGANIZATION PROVIDES EDUCATION AND SUPPORT TO CLIENTS CONSIDERING AND COMPLETING PRIVATE ADOPTION OF CHILDREN.

Program Service Accomplishments

Program 1

Expenses: $753,268 Revenue: $980,427

THE ORGANIZATION PROVIDES EDUCATION AND SUPPORT TO CLIENTS CONSIDERING AND COMPLETING PRIVATE ADOPTION OF CHILDREN.

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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 $41,835

Program Service Revenue $980,427

Investment Income $36,901

Other Revenue $0

TOTAL REVENUE $1,059,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $527,007

Fundraising Expenses $0

Program Expenses $753,268

Other Expenses $346,669

TOTAL EXPENSES $873,676

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,059,163	$820,229	+0.3%
Expenses	$873,676	$833,116	+0.0%
Net Income	$185,487	$-12,887	-15.4%

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

$127,007

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TARA SALTIS	EXECUTIVE DIRECTOR	040.00	Officer	$123,308	$3,699	$127,007
BRINK HARTMAN	PRESIDENT	002.00	Officer Director	$0	$0	$0
GEORGE ZUTELL	TREASURER	002.00	Officer Director	$0	$0	$0
BOB SHEEHAN	DIRECTOR	002.00	Director	$0	$0	$0
GERARD CATTIE	VICE PRESIDENT	002.00	Officer Director	$0	$0	$0
ASHLEY SIMPSON	DIRECTOR	002.00	Director	$0	$0	$0
DAVID HABER	DIRECTOR	002.00	Director	$0	$0	$0
JEN COHEN	SECRETARY	002.00	Officer 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	$1,059,163	$873,676	$2,597,829	$185,487
2022	$820,229	$833,116	$2,330,773	$-12,887
2021	$1,195,088	$812,700	$2,874,913	$382,388
2021	$1,254,588	$812,700	$2,874,913	$441,888
2020	$1,094,960	$780,045	$2,439,496	$314,915
2020	$1,188,460	$780,045	$2,439,497	$408,415
2019	$1,114,302	$921,207	$1,946,833	$193,095
2018	$995,595	$805,427	$1,676,861	$190,168