FINANCE OF AMERICA CARES (EIN 822673713) - 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

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.

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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 $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

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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

Total Directors

Key Employees

Highest Compensated

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

FINANCE OF AMERICA CARES