iFoster Inc

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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

2010

Legal Domicile

Principal Officer

Serita Cox

Phone

5304143393

Tax Period

2024-07-01 to 2025-06-30

iFoster Inc, founded in 2010, is a community nonprofit in the Human Services sector that reported $8.0M in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $9.7M exceeded revenue, resulting in a 22% operating deficit.

Mission

iFoster's mission is to ensure that every child growing up outside of their biological home has the resources and opportunities they need to become successful, independent adults. We provide a free platform of resources for foster care youth, caregivers, and organizations.We create solutions driving collaboration and efficiencies across the child welfare system, and engage the community outside of child welfare to support our nation's most vulnerable children.

Program Service Accomplishments

Program 1

Expenses: $7,032,169 Revenue: $688,352

iFoster Success: Scaffolding to self-sufficiency. These include online resources such as self-directed training, employee placements and internships to ensure youth aging out of the foster care...

iFoster Success: Scaffolding to self-sufficiency. These include online resources such as self-directed training, employee placements and internships to ensure youth aging out of the foster care system can successfully transition to independence when they leave care.

Program 2

Expenses: $1,010,073

iFoster Resources: Provides equitable access to resources to all children and youth in the foster care system. These include the iFoster Portal of hundreds of resources and services, access to...

iFoster Resources: Provides equitable access to resources to all children and youth in the foster care system. These include the iFoster Portal of hundreds of resources and services, access to technology such as computers and cell phones, and peer resource navigation.

Program 3

Expenses: $280,576

iFoster Hope: Closing the resource gap between children in foster care and their peers being raised in biological families. These include cause awareness, funds to meet child and caregiver needs, and...

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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 $7,205,263

Program Service Revenue $688,352

Investment Income $80,061

Other Revenue $0

TOTAL REVENUE $7,973,676

Expense Breakdown

Grants Paid $2,786,250

Salaries & Benefits $5,772,598

Fundraising Expenses $14,429

Program Expenses $8,322,818

Other Expenses $1,187,171

TOTAL EXPENSES $9,746,019

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,973,676	$9,955,391	-0.2%
Expenses	$9,746,019	$10,736,548	-0.1%
Net Income	$-1,772,343	$-781,157	+1.3%

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

370

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

$620,293

Total Directors

$344,126

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Serita Cox	CEO	40.00	Officer Director	$297,451	$46,675	$344,126
Robert Beaudry	Board Chair	2.00	Officer Director	$0	$0	$0
Ryan Kelly	Board Treasurer	2.00	Officer Director	$0	$0	$0
Keirsten Taillon	Board Member	1.00	Director	$0	$0	$0
Ann Ferrell Tata	Board Member	1.00	Director	$0	$0	$0
Neil Walsh	Board Member	1.00	Director	$0	$0	$0
Shelley Bailley	Board Member	1.00	Director	$0	$0	$0
Reid Cox	CFO	40.00	Officer	$246,790	$29,377	$276,167
Jill Bloch	Director of Strategic Partnerships	40.00	Highest	$119,076	$4,763	$123,839
Mike Maxfield	Controller	40.00	Highest	$113,449	$0	$113,449
Summer Rogers	West Coast Director	40.00	Highest	$106,868	$15,372	$122,240
Meredith Jaremchuk	COO	40.00	Highest	$108,650	$11,491	$120,141

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	$7,973,676	$9,746,019	$2,878,774	$-1,772,343
2024	No data	No data	No data	No data
2023	$4,008,714	$5,568,981	$5,602,479	$-1,560,267
2022	$10,178,724	$4,350,940	$7,345,670	$5,827,784
2021	$4,253,777	$3,779,243	$1,330,245	$474,534
2020	$3,715,154	$3,502,087	$1,979,450	$213,067
2019	$1,959,063	$2,056,526	$435,491	$-97,463
2018	$1,927,770	$1,760,089	$553,219	$167,681