FORKIDS INC (EIN 541477799) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

THALER MCCORMICK

Phone

7576226400

Tax Period

2024-07-01 to 2025-06-30

FORKIDS INC, founded in 1991, is a mid-sized nonprofit in the Housing & Shelter sector that reported $11.7M in total revenue in fiscal year 2017. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.0M, a strong 43% operating margin.

Mission

WITH A MISSION OF BREAKING THE CYCLE OF HOMELESSNESS AND POVERTY FOR FAMILIES AND CHILDREN, FORKIDS (FORKIDS.ORG) PROVIDES COMPREHENSIVE CRISIS RESPONSE, SHELTER, HOUSING, ECONOMIC MOBILITY AND EDUCATION PROGRAMS ACROSS HAMPTON ROADS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,283,561

Program Service Revenue $32,689

Investment Income $299,256

Other Revenue $185,185

TOTAL REVENUE $12,800,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,628,879

Fundraising Expenses $689,893

Program Expenses $12,590,929

Other Expenses $6,071,566

TOTAL EXPENSES $14,700,445

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,800,691	$12,658,016	+0.0%
Expenses	$14,700,445	$13,363,706	+0.1%
Net Income	$-1,899,754	$-705,690	+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

175

Volunteers

1174

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

$726,600

Total Directors

$246,276

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THALER MCCORMICK	CORPORATE SECRETARY/CEO	40.00	Officer Director	$223,122	$23,154	$246,276
BLYTHE ANN SCOTT	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
ROBERT FINCH	DIRECTOR	1.00	Director	$0	$0	$0
JENN PFITZNER	TREASURER	5.00	Officer Director	$0	$0	$0
MIKE MELOS	DIRECTOR	1.00	Director	$0	$0	$0
TORAE ARTIS	DIRECTOR	1.00	Director	$0	$0	$0
STUART BIRKEL	DIRECTOR	1.00	Director	$0	$0	$0
JILL BROOME	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN BATEMAN	DIRECTOR	1.00	Director	$0	$0	$0
CLINE REASOR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JENNI BIVINS	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW COHEN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CUMMINGS	DIRECTOR	1.00	Director	$0	$0	$0
DR LD BRITT	DIRECTOR	1.00	Director	$0	$0	$0
DESIREE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH POSEY	DIRECTOR	1.00	Director	$0	$0	$0
GYMAMA SLAUGHTER	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE FAATZ	DIRECTOR	1.00	Director	$0	$0	$0
CHAD OUTLAW	DIRECTOR	1.00	Director	$0	$0	$0
NITA JAIN	DIRECTOR	1.00	Director	$0	$0	$0
KYLA SHAWYER	DIRECTOR	1.00	Director	$0	$0	$0
DR MONIQUE FARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
KATE CROSS	DIRECTOR	1.00	Director	$0	$0	$0
REV WILLIAM TYREE	DIRECTOR	1.00	Director	$0	$0	$0
LAURA CALVERT	DIRECTOR	1.00	Director	$0	$0	$0
AMBER MILLER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES ED WHITE III	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM YOUNG	CHIEF INNOVATION OFFICER	40.00	Officer	$155,925	$14,086	$170,011
SARAH JOHNSON	CHIEF OPERATING OFFICER	40.00	Officer	$156,615	$5,704	$162,319
SHARHONDA WOODS	CHIEF PEOPLE OFFICER	40.00	Officer	$129,402	$18,592	$147,994

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	$12,800,691	$14,700,445	$27,984,402	$-1,899,754
2024	$12,658,016	$13,363,706	$29,502,603	$-705,690
2023	$11,817,395	$11,664,550	$30,028,552	$152,845
2022	$10,595,777	$10,096,507	$29,511,894	$499,270
2021	$15,557,559	$13,917,100	$30,389,970	$1,640,459
2020	$12,136,359	$7,509,437	$29,568,618	$4,626,922
2019	$15,522,986	$7,357,657	$23,331,423	$8,165,329
2018	$11,676,642	$6,679,649	$15,258,815	$4,996,993

FORKIDS INC