Foster Love Project (EIN 812263514) - 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

2016

Legal Domicile

Principal Officer

Kelly Hughes

Phone

4122123283

Tax Period

2023-01-01 to 2023-12-31

Foster Love Project, founded in 2016, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

The purpose of Foster Love Project is to provide love in action to foster children as well as support to the foster families who are providing care for them.

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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 $1,131,965

Program Service Revenue $5,185

Investment Income $0

Other Revenue $73

TOTAL REVENUE $1,137,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $363,313

Fundraising Expenses $82,626

Program Expenses $861,566

Other Expenses $742,094

TOTAL EXPENSES $1,105,407

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,137,223	$940,833	+0.2%
Expenses	$1,105,407	$982,360	+0.1%
Net Income	$31,816	$-41,527	-1.8%

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

1011

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

$76,893

Total Directors

$76,893

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kelly Hughes	Founder/Ex. Di	40.00	Officer Director	$76,893	$0	$76,893
Valerie Rose	Secretary	5.00	Officer Director	$0	$0	$0
Shannon Prentiss	Board Member	5.00	Director	$0	$0	$0
Jeffrey Alex	Board Member	5.00	Director	$0	$0	$0
Kristen Moss	Treasurer	5.00	Officer Director	$0	$0	$0
April Perry	Board Member	5.00	Director	$0	$0	$0
Leon Harrison	Board Member	5.00	Director	$0	$0	$0
Ja-Neen Jones	Vice President	5.00	Officer Director	$0	$0	$0
Summer Dean	President	5.00	Officer Director	$0	$0	$0
Tabatha Wendorff	Board Member	5.00	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	No data	No data	No data	No data
2023	$1,137,223	$1,105,407	$700,306	$31,816
2022	$940,833	$982,360	$662,915	$-41,527
2021	$996,433	$594,996	$701,374	$401,437
2020	$555,894	$384,646	$294,645	$171,248

Foster Love Project