THE NEW FOSTER CARE (EIN 814793580) - 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

CHRIS YATOOMA

Phone

2488847645

Tax Period

2023-01-01 to 2023-12-31

THE NEW FOSTER CARE, founded in 2016, is a community nonprofit in the Human Services sector that reported $4.7M in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 34% operating margin.

Mission

THE NEW FOSTER CARE'S MISSION IS TO MAKE A TRANSFORMATIVE CHANGE IN THE MICHIGAN FOSTER CARE SYSTEM AND A MEASURABLE AND MEANINGFUL IMPACT IN THE LIVES OF CHILDREN WHO HAVE EXPERIENCED FOSTER CARE BY: 1) PROVIDING DIRECT SERVICE PROGRAMS THAT CHANGE THE TRAJECTORY OF YOUTH WITH EXPERIENCE IN FOSTER CARE; 2) PARTNERING WITH THE STATE AND LOCAL AGENCIES TO DEVELOP, FUND, AND IMPLEMENT INNOVATIVE PILOT PROGRAMS; 3) RESEARCHING AND ADVANCING POLICY AND LEGISLATIVE ACTION IN THE BEST INTERESTS OF MICHIGAN'S CHILDREN.

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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 $4,413,648

Program Service Revenue $0

Investment Income $269,844

Other Revenue $-118

TOTAL REVENUE $4,683,374

Expense Breakdown

Grants Paid $1,502,700

Salaries & Benefits $1,382,270

Fundraising Expenses $0

Program Expenses $2,794,511

Other Expenses $203,692

TOTAL EXPENSES $3,088,662

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,683,374	$3,057,622	+0.5%
Expenses	$3,088,662	$1,001,772	+2.1%
Net Income	$1,594,712	$2,055,850	-0.2%

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

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
CHRIS YATOOMA	PRESIDENT	15.00	Officer Director	$0	$0	$0
LIZA MUNRO	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN CALLEY	TREASURER	1.00	Officer Director	$0	$0	$0
JEANETTE BROWN	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON URBON	EXECUTIVE DIRECTOR	50.00	Highest	$140,258	$8,546	$148,804

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	$4,683,374	$3,088,662	$6,736,318	$1,594,712
2022	$3,057,622	$1,001,772	$5,140,379	$2,055,850
2021	$299,494	$686,119	$3,273,344	$-386,625
2020	$1,616,088	$647,568	$3,711,997	$968,520
2019	$1,468,899	$683,617	$2,754,728	$785,282
2018	$1,225,431	$476,883	$1,988,053	$748,548

THE NEW FOSTER CARE