ECHO ORPHANCARE PARTNERS

EIN: 823884935 501(c)(3) Human Services

Hampton, VA

Total Revenue
$194,513
Total Expenses
$221,361
Total Assets
$80,423
Net Assets
$54,350
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
VA
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 $205K in total revenue in fiscal year 2022. Expenses of $239K exceeded revenue, resulting in a 17% 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.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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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

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Liquidity & Cash Position

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

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Governance

Voting Members
6
Independent Members
6
Employees
3
Volunteers
25

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
3
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
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
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