ECHO ORPHANCARE PARTNERS

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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

2018

Legal Domicile

Principal Officer

RANDALL NICHOLS

Tax Period

2023-01-01 to 2023-12-31

ECHO ORPHANCARE PARTNERS, founded in 2018, is a small nonprofit in the Human Services sector that reported $195K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $221K exceeded revenue, resulting in a 14% operating deficit.

Mission

Our purpose is to serve vulnerable children and families in the Coastal Virginia area, fostering connections, helping nurture stability,eliminating the need for foster care. We do this through Federal, State, and local organizations, such as, churches and other non-profits.

Program Service Accomplishments

Program 1

Expenses: $72,941

Our purpose is to serve vulnerable children and families in the Coastal Virginia area, fostering connections, helping nurture stability,eliminating the need for foster care. Doing this through direct services and referrals to community partners (churches, businesses, state and local organizations

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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 $194,513

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $194,513

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,173

Fundraising Expenses $1,827

Program Expenses $72,941

Other Expenses $207,361

TOTAL EXPENSES $221,361

Year-over-Year Comparison

	2023	2022	Change
Revenue	$194,513	$205,254	-0.1%
Expenses	$221,361	$239,324	-0.1%
Net Income	$-26,848	$-34,070	-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
JAMEY MENSER	BOARD MEMBER	0.00	Director	$0	$0	$0
KELLEY NICHOLS	SECRETARY	0.00	Officer	$0	$0	$0
RANDALL NICHOLS	PRESIDENT	50.00	Officer	$0	$0	$0
MEREDITH MALPASS	TREASURER	0.00	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	$194,513	$221,361	$80,423	$-26,848
2022	$205,254	$239,324	$98,502	$-34,070