WE CARE FOSTER CARE INC (EIN 821210877) - 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

Principal Officer

Alexis Ramsey

Phone

3136880718

Tax Period

2023-01-01 to 2023-12-31

WE CARE FOSTER CARE INC, founded in 2017, is a small nonprofit in the Human Services sector that reported $265K in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $225K left a modest 15% surplus.

Mission

Providing children in foster care and the child protection system with educational programs, community-connected resources, and the unique opportunities they need to thrive.

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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 $217,385

Program Service Revenue $47,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $264,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,877

Fundraising Expenses $7,981

Program Expenses $174,302

Other Expenses $106,585

TOTAL EXPENSES $225,462

Year-over-Year Comparison

	2023	2022	Change
Revenue	$264,885	$168,438	+0.6%
Expenses	$225,462	$157,488	+0.4%
Net Income	$39,423	$10,950	+2.6%

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

$83,049

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alexis Ramsey	Full-time Program Teacher and Executive Director	50	Key Emp Highest	$83,049	$0	$83,049
Hon Kelly A Ramsey	CO-FOUNDER AND VICE CHAIR	10		$0	$0	$0
Shunya L Cleveland	Member	1		$0	$0	$0
Sarah L Parker	Member	1		$0	$0	$0
Porsha Stevenson	Member	1		$0	$0	$0
Juliana R Yousif	Member	1		$0	$0	$0
Rob Harvey	Member	1		$0	$0	$0
Lorraine H Weber	CO-FOUNDER AND CHAIR	10	Officer	$0	$0	$0
Hon Sheila A Gibson	SECRETARY	2	Officer	$0	$0	$0
Anthony R McCree	TREASURER	2	Officer	$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	$264,885	$225,462	$88,179	$39,423
2023	$264,885	$225,462	$88,179	$39,423

WE CARE FOSTER CARE INC