IRVING, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
OUR MISSION IS TO STRENGTHEN OUR COMMUNITIES, ENRICH LIVES, AND INSPIRE CARING.
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...
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.
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare FINANCE OF AMERICA CARES with other nonprofits in Texas and across the country.