FRIENDS OF FOSTER CHILDREN OF PALM BEACH COUNTY INC (EIN 592487590) - 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

1986

Legal Domicile

Principal Officer

JEFFREY GORDON

Phone

5613522540

Tax Period

2023-09-01 to 2024-08-31

FRIENDS OF FOSTER CHILDREN OF PALM BEACH COUNTY INC, founded in 1986, is a small nonprofit that reported $915K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $247K, a strong 27% operating margin.

Mission

TO NURTURE AND TRANSFORM THE LIVES OF FOSTER CHILDREN THROUGH SERVICES, SUPPORT AND EDUCATION IN ORDER TO OVERCOME THE EFFECTS OF CHILD ABUSE AND NEGLECT.

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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 $190,425

Program Service Revenue $683,438

Investment Income $40,965

Other Revenue $0

TOTAL REVENUE $914,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $454,972

Fundraising Expenses $62,457

Program Expenses $523,814

Other Expenses $212,447

TOTAL EXPENSES $667,419

Year-over-Year Comparison

	2023	2022	Change
Revenue	$914,828	$629,940	+0.5%
Expenses	$667,419	$706,823	-0.1%
Net Income	$247,409	$-76,883	-4.2%

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

162

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY GORDON	PRESIDENT	N/A	Officer	$0	$0	$0
YVONNE WILLIAMS	VICE PRESIDE	N/A	Officer	$0	$0	$0
TIFFANY RINDA	TREASURER	N/A	Officer	$0	$0	$0
CHARITY LEWIS	SECRETARY	N/A	Officer	$0	$0	$0
ROD FILASKY	BOARD MEMBER	N/A	Director	$0	$0	$0
RICH DELGADO	BOARD MEMBER	N/A	Director	$0	$0	$0
KAREN BODWELL	BOARD MEMBER	N/A	Director	$0	$0	$0
JANE RICHARDSON	EXECUTIVE DI	N/A	Director	$0	$0	$0
LAUREN CLIFTON	BOARD MEMBER	N/A	Director	$0	$0	$0
LUCY JOSEPH	BOARD MEMBER	N/A	Director	$0	$0	$0
ASHLEY CACICEDO	BOARD MEMBER	N/A	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	$914,828	$667,419	$939,783	$247,409
2023	$629,940	$706,823	$699,212	$-76,883
2022	$895,073	$675,045	$772,266	$220,028
2021	$706,048	$409,281	$573,759	$296,767
2020	$458,141	$546,914	$297,681	$-88,773
2019	$864,487	$791,438	$444,071	$73,049

FRIENDS OF FOSTER CHILDREN OF PALM BEACH COUNTY INC