Globel Foster Care (EIN 810696444) - 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

2017

Legal Domicile

Tax Period

2022-01-01 to 2022-12-31

Globel Foster Care, founded in 2017, is a small nonprofit in the Human Services sector that reported $432K in total revenue in fiscal year 2022. Expenses of $493K exceeded revenue, resulting in a 14% operating deficit.

Mission

Globel Foster Care mission is to provide displaced children in the State of Texas a safe placement through foster care and adoption,assist in teaching a multitude of skills to empower the child to self-sufficiency, and facilitate the possible reunification of children with family

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $390,036

Investment Income $0

Other Revenue $42,124

TOTAL REVENUE $432,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $384,666

Fundraising Expenses $0

Program Expenses $442,239

Other Expenses $108,410

TOTAL EXPENSES $493,076

Year-over-Year Comparison

	2022	2021	Change
Revenue	$432,160	N/A	N/A
Expenses	$493,076	N/A	N/A
Net Income	$-60,916	N/A	N/A

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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Yvette Mitchell	Secretary	0.00	Officer Director	$0	$0	$0
Adiagha Mbonisi	Treasurer	0.00	Officer Director	$0	$0	$0
Chimiri Duncan	President	2.00	Officer 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
2022	$432,160	$493,076	$51,293	$-60,916
2021	$843,778	$779,760	$162,595	$64,018
2020	$638,143	$579,425	$98,577	$58,718
2019	$626,463	$632,735	$150,435	$-6,272

Globel Foster Care