FINANCE OF AMERICA CARES

EIN: 822673713 501(c)(3) Human Services

IRVING, TX

Total Revenue
$552,399
Total Expenses
$433,538
Total Assets
$595,500
Net Assets
$595,500
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
DE
Principal Officer
LOUANN ROSS
Phone
2153467061
Tax Period
2023-01-01 to 2023-12-31

FINANCE OF AMERICA CARES, founded in 2017, is a small nonprofit in the Human Services sector that reported $552K in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $119K, a strong 22% operating margin.

Mission

OUR MISSION IS TO STRENGTHEN OUR COMMUNITIES, ENRICH LIVES, AND INSPIRE CARING.

Program Service Accomplishments

Program 1
Expenses: $383,793 Revenue: $183

COMMUNITY IMPACT GRANTS: BUILDING STRONG COMMUNITIES THROUGH GRANTMAKING TO NONPROFITS IN THE FOLLOWING THREE FOCUS AREAS: 1) VETERANS: SERVING THE EMERGING AND LONG-TERM NEEDS OF OUR NATION'S...

Read more

COMMUNITY IMPACT GRANTS: BUILDING STRONG COMMUNITIES THROUGH GRANTMAKING TO NONPROFITS IN THE FOLLOWING THREE FOCUS AREAS: 1) VETERANS: SERVING THE EMERGING AND LONG-TERM NEEDS OF OUR NATION'S VETERANS AND THEIR FAMILIES. IN AN EFFORT TO RECOGNIZE THE SACRIFICES THEY AND THEIR LOVED ONES HAVE MADE ON BEHALF OF OUR COUNTRY, WE PROUDLY SUPPORT ACTIVE MILITARY PERSONNEL, VETERANS, AND THEIR FAMILIES ON A LOCAL LEVEL. WE PROVIDE RESOURCES TO NONPROFIT VETERAN'S SERVICE ORGANIZATIONS WHOSE PROGRAMS CONNECT VETERANS AND THEIR FAMILIES FACING HARDSHIPS TO AN ARRAY OF CRITICAL HUMAN SERVICES 2)YOUTH DEVELOPMENT: EMPOWERING OUR YOUTH TO BECOME COMPASSIONATE AND RESPONSIBLE MEMBERS OF SOCIETY. THE FUTURE DRIVERS OF CHANGE FOR THE DEVELOPMENT AND STABILITY OF OUR COUNTRY ARE TODAY'S YOUTH. WE SUPPORT LIFE-ENHANCING PROGRAMS THAT ENGAGE YOUTH WITHIN THEIR COMMUNITIES, SCHOOLS, SOCIAL GROUPS, AND FAMILIES, THAT ARE POSITIVE AND CONSTRUCTIVE TO THE DEVELOPMENT OF THEIR CHARACTER, AND ENABLE ALL YOUNG PEOPLE TO REACH THEIR FULL POTENTIAL. 3) HUMAN SERVICES: ENHANCING ACCESS TO BASIC NEEDS FOR UNDERSERVED INDIVIDUALS AND FAMILIES. HUMAN SERVICES STRIVES TO MEET BASIC HUMAN NEEDS BY FOCUSING ON PREVENTION AS WELL AS REMEDIATION OF PROBLEMS. WE ARE COMMITTED TO IMPROVING THE OVERALL QUALITY OF LIFE FOR INDIVIDUALS AND FAMILIES AT THEIR POINT OF MOST URGENT NEED. TO ACHIEVE THIS, WE ARE ENGAGED IN NUMEROUS INITIATIVES WITH NONPROFITS WHOSE PROGRAMS AND SERVICES WORK TO PREVENT OR END HOMELESSNESS.

Program 2
Expenses: $23,751 Revenue: $0

EMPLOYEE ASSISTANCE FUND: FINANCE OF AMERICA COMPANIES TAKES PRIDE IN ITS STAFF - THEIR ENERGY AND SKILLS ARE KEY IN HELPING TO FULFILL OUR MISSION. WE RECOGNIZE THAT EMPLOYEES' MAY EXPERIENCE...

Read more

EMPLOYEE ASSISTANCE FUND: FINANCE OF AMERICA COMPANIES TAKES PRIDE IN ITS STAFF - THEIR ENERGY AND SKILLS ARE KEY IN HELPING TO FULFILL OUR MISSION. WE RECOGNIZE THAT EMPLOYEES' MAY EXPERIENCE HARDSHIPS THAT REQUIRE EMERGENCY FINANCIAL ASSISTANCE. THE FINANCE OF AMERICA CARES EMPLOYEE ASSISTANCE FUND (EAF) IS A PROGRAM DESIGNED TO SUPPORT OUR VALUED STAFF IN TIMES OF UNEXPECTED FINANCIAL HARDSHIP. A MINIMUM OF 25 PERCENT OF ALL EMPLOYEE AND COMPANY CONTRIBUTIONS ARE ALLOCATED TOWARDS OUR EAF.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $552,200
Program Service Revenue $0
Investment Income $16
Other Revenue $183
TOTAL REVENUE $552,399

Expense Breakdown

Grants Paid $401,861
Salaries & Benefits $0
Fundraising Expenses $3,727
Program Expenses $407,544
Other Expenses $31,677
TOTAL EXPENSES $433,538

Year-over-Year Comparison

2023 2022 Change
Revenue $552,399 $333,738 +0.7%
Expenses $433,538 $708,443 -0.4%
Net Income $118,861 $-374,705 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
7

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
6
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DREW ROBERTSON BOARD MEMBER 2
Director
$0 $0 $0
BRITANY LUTH PRESIDENT 5
Officer Director
$0 $0 $0
CHAD CRAMER VICE PRESIDENT 5
Officer Director
$0 $0 $0
MARSJANA HEIMBUCH TREASURER 5
Officer Director
$0 $0 $0
SHERON DINNOO VICE PRESIDENT/SECRETARY 5
Officer Director
$0 $0 $0
GAIL LATIMORE SECRETARY 5
Officer Director
$0 $0 $0
CHRISTINE VILLANUEVA BOARD MEMBER 2
Director
$0 $0 $0
JESSICA RANGINS BOARD MEMBER 2
Director
$0 $0 $0
VALERIA ESPARZA BOARD MEMBER 2
Director
$0 $0 $0
NIKKITA PHANDA BOARD MEMBER 2
Director
$0 $0 $0
LOUANN ROSS EXECUTIVE DIRECTOR 40
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 $552,399 $433,538 $595,500 $118,861
2022 $333,738 $708,443 $476,639 $-374,705
2021 $938,702 $754,922 $861,344 $183,780
2020 $872,963 $589,681 $667,564 $283,282
2019 $335,103 $339,526 $385,127 $-4,423
2018 $577,878 $189,173 $388,705 $388,705
Explore More Nonprofits
Top 100 Nonprofits in Texas Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare FINANCE OF AMERICA CARES with other nonprofits in Texas and across the country.