BOOST A FOSTER FAMILY INC (EIN 813403400) - 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

DONNA OLSON

Phone

4802985665

Tax Period

2023-01-01 to 2023-12-31

BOOST A FOSTER FAMILY INC, founded in 2016, is a small nonprofit in the Human Services sector that reported $314K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $48K, a strong 15% operating margin.

Mission

BOOST A FOSTER FAMILY WAS CREATED TO MEET THE NEEDS OF LOW-INCOME KINSHIP FAMILIES APPLYING FOR FOSTER CARE LICENSURE.

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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 $313,237

Program Service Revenue $0

Investment Income $818

Other Revenue $0

TOTAL REVENUE $314,055

Expense Breakdown

Grants Paid $199,793

Salaries & Benefits $24,000

Fundraising Expenses $10,301

Program Expenses $246,122

Other Expenses $42,531

TOTAL EXPENSES $266,324

Year-over-Year Comparison

	2023	2022	Change
Revenue	$314,055	$212,915	+0.5%
Expenses	$266,324	$215,326	+0.2%
Net Income	$47,731	$-2,411	-20.8%

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

N/A

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

$24,000

Total Directors

$24,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNY COOK	SECRETARY	030.00	Officer Director	$24,000	$0	$24,000
MICHELLE NOE	PRESIDENT	005.00	Officer Director	$0	$0	$0
ALICE BURBA	VICE-PRESIDENT	025.00	Officer Director	$0	$0	$0
DONNA OLSON	TREASURER	010.00	Officer Director	$0	$0	$0
JONATHAN OLSON	DIRECTOR	005.00	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	$314,055	$266,324	$204,045	$47,731
2022	$212,915	$215,326	$157,354	$-2,411
2021	$242,623	$201,080	$158,714	$41,543

BOOST A FOSTER FAMILY INC