FATHER'S HOUSE KIDS (EIN 721309470) - 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

2012

Legal Domicile

Principal Officer

STEVE GOULET

Phone

5043449552

Tax Period

2023-01-01 to 2023-12-31

FATHER'S HOUSE KIDS, founded in 2012, is a small nonprofit in the Religion sector that reported $192K in total revenue in fiscal year 2023. Expenses of $252K exceeded revenue, resulting in a 31% operating deficit.

Mission

FATHER'S HOUSE KIDS CAREER CORP WORKS WITH YOUTH AGES 6-11 & 11-18 TO PREPARE THEM FOR THE WORKFORCE BY OFFERING THEM OPPORTUNITIES FOR GROWTH IN CHARACTER, DISCIPLINE, AND RESPONSIBILITY IN ORDER TO ENCOURAGE THEIR MATURITY. WE ALSO PROVIDE TRANSPORTATION AND MENTORSHIP IN MONEY-MANAGEMENT, PERSONAL HYGIENE, AND OTHER LIFE SKILLS. AS THEY ARE READY, THEY ARE GIVEN OPPORTUNITIES FOR TRAINING AND PRACTICE IN VARIOUS TRADE SKILLS IN ORDER TO PREPARE THEM TO BE CONNECTED WITH TRADESMEN AND BUSINESS OWNERS FOR SUCCESSFUL EMPLOYMENT.

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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 $191,711

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $191,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $248,833

Other Expenses $251,683

TOTAL EXPENSES $251,683

Year-over-Year Comparison

	2023	2022	Change
Revenue	$191,711	$180,963	+0.1%
Expenses	$251,683	$230,339	+0.1%
Net Income	$-59,972	$-49,376	+0.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE GOULET	PRESIDENT	8.00	Officer	$0	$0	$0
BONNIE KLEIN	VICE PRESIDENT	12.00	Officer	$0	$0	$0
LISA OSBORNE	SECRETARY	33.00	Officer	$0	$0	$0
STEVE GOULET	TREASURER	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	No data	No data	No data	No data
2023	$191,711	$251,683	$435,142	$-59,972
2022	$180,963	$230,339	$495,114	$-49,376
2021	$107,854	$123,348	$555,579	$-15,494
2020	$120,669	$84,400	$559,984	$36,269
2019	$196,555	$224,902	$523,715	$-28,347
2018	$259,365	$257,182	$552,062	$2,183

FATHER'S HOUSE KIDS