FRANK ADOPTION CENTER

EIN: 582153959 501(c)(3) Human Services

WAKE FOREST, NC

Total Revenue
$237,412
Total Expenses
$250,073
Total Assets
$61,006
Net Assets
$27,246
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
NC
Principal Officer
MARY LEE KING
Phone
9192639749
Tax Period
2023-07-01 to 2024-06-30

FRANK ADOPTION CENTER, founded in 1995, is a small nonprofit in the Human Services sector that reported $237K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

PARTNERING WITH FAMILIES AND CHILDREN TO CREATE A LOVING AND STABLE ENVIRONMENT THAT ALLOWS CHILDREN TO FLOURISH INTO HEALTHY ADULTS AND BECOME PRODUCTIVE INDIVIDUALS IN OUR SOCIETY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,068
Program Service Revenue $223,591
Investment Income $753
Other Revenue $0
TOTAL REVENUE $237,412

Expense Breakdown

Grants Paid $0
Salaries & Benefits $140,221
Fundraising Expenses $865
Program Expenses $38,437
Other Expenses $109,852
TOTAL EXPENSES $250,073

Year-over-Year Comparison

2023 2022 Change
Revenue $237,412 $307,366 -0.2%
Expenses $250,073 $261,732 0.0%
Net Income $-12,661 $45,634 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
7
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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLEY O'BRIEN BOARD CHAIR 1.00
Officer Director
$0 $0 $0
KRISTIN COOK DIRECTOR 1.00
Director
$0 $0 $0
APRIL SCHWEITZER DIRECTOR 1.00
Director
$0 $0 $0
BRADLEY LINDEMAN-WINER DIRECTOR 1.00
Director
$0 $0 $0
FRANK SULLIVAN DIRECTOR 1.00
Director
$0 $0 $0
MARY LEE KING EXECUTIVE DIRECTOR 40.00
Officer
$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 $237,412 $250,073 $61,006 $-12,661
2023 $307,366 $261,732 $52,165 $45,634
2022 $186,914 $240,848 $26,819 $-53,934
Explore More Nonprofits
Top 100 Nonprofits in North Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare FRANK ADOPTION CENTER with other nonprofits in North Carolina and across the country.