Foster Care Association of Oklahoma Inc (EIN 731501621) - 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

1996

Legal Domicile

Principal Officer

Sarah Herrian

Phone

8773226411

Tax Period

2024-01-01 to 2024-12-31

Foster Care Association of Oklahoma Inc, founded in 1996, is a small nonprofit in the Human Services sector that reported $557K in total revenue in fiscal year 2024. Revenue surged 130% from the prior year, signaling strong growth momentum. The organization ran a surplus of $159K, a strong 29% operating margin.

Mission

To improve the lives of children by empowering foster and adoptive families through support, connection, and advocacy

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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 (2024)

Revenue Breakdown

Contributions & Grants $561,543

Program Service Revenue $0

Investment Income $0

Other Revenue $-4,397

TOTAL REVENUE $557,146

Expense Breakdown

Grants Paid $51,727

Salaries & Benefits $200,363

Fundraising Expenses $0

Program Expenses $311,856

Other Expenses $145,687

TOTAL EXPENSES $397,777

Year-over-Year Comparison

	2024	2023	Change
Revenue	$557,146	$242,265	+1.3%
Expenses	$397,777	$272,143	+0.5%
Net Income	$159,369	$-29,878	-6.3%

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

108

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

$79,296

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amanda Morstad	Board President	1.00	Officer Director	$0	$0	$0
Mandy Graham	Board Vice President	1.00	Officer Director	$0	$0	$0
Toni Lee	Board Treasurer	1.00	Officer Director	$0	$0	$0
Rebecca Bauer	Board Secretary	1.00	Officer Director	$0	$0	$0
Crystal Young	Board Member	1.00	Director	$0	$0	$0
Kayla Tur	Board Member	1.00	Director	$0	$0	$0
Terri Craig	Board Member	1.00	Director	$0	$0	$0
Spencer Hicks	Board Member	1.00	Director	$0	$0	$0
Sarah Herrian	Executive Director	40.00	Officer	$73,385	$5,911	$79,296

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	$557,146	$397,777	$498,743	$159,369
2023	$242,265	$272,143	$330,060	$-29,878
2022	$290,863	$104,674	$358,417	$186,189

Foster Care Association of Oklahoma Inc