FOREVER BOUND ADOPTION (EIN 800860591) - 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

STEVEN SUNDAY

Phone

8018211354

Tax Period

2024-01-01 to 2024-12-31

FOREVER BOUND ADOPTION, founded in 2012, is a small nonprofit in the Human Services sector that reported $245K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $231K left a modest 6% surplus.

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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 $3,900

Program Service Revenue $239,719

Investment Income $1,226

Other Revenue $0

TOTAL REVENUE $244,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,281

Fundraising Expenses $0

Program Expenses $209,555

Other Expenses $111,861

TOTAL EXPENSES $231,142

Year-over-Year Comparison

	2024	2023	Change
Revenue	$244,845	$194,590	+0.3%
Expenses	$231,142	$199,035	+0.2%
Net Income	$13,703	$-4,445	-4.1%

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

N/A

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

$24,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven Sunday	Founder & CEO	40	Officer	$24,000	$0	$24,000
Dennis Ashton	Board Member	1	Director	$0	$0	$0
Amanda Beebe	Board Member	1	Director	$0	$0	$0
Phil-Valerie H	Board Members	1	Director	$0	$0	$0
Brad- Brenda H	Board Members	1	Director	$0	$0	$0
Ken Lowe	Board Secretar	1	Officer Director	$0	$0	$0
Nikki Mackay	Board Member	1	Director	$0	$0	$0
Jason -Lisa Sm	Board Chairs	1	Officer Director	$0	$0	$0
Robert -Rose W	Board Member	1	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	$244,845	$231,142	$472,573	$13,703
2023	$194,590	$199,035	$460,361	$-4,445
2022	$220,395	$227,232	$466,588	$-6,837
2021	$280,468	$206,939	$475,472	$73,529
2020	$317,511	$187,386	$415,512	$130,125
2019	$236,999	$172,309	$294,597	$64,690

FOREVER BOUND ADOPTION