Fostering Family

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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

Amber Knowles

Phone

7132023109

Tax Period

2023-07-01 to 2024-06-30

Fostering Family, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $539K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $957K exceeded revenue, resulting in a 78% operating deficit.

Mission

Fostering Family dba The Riverside Project is a 501(c)(3) public charity that leads a collaborative network of agencies, congregations, school districts, nonprofits, and passionate individuals working together to transform the foster care system in Houston.

Program Service Accomplishments

Program 1

Expenses: $240,987 Revenue: $2,920

The Response Network is designed to help bridge the gap between families affected by the foster care system and community resources. In partnership with DFPS and other agencies, we identify the...

The Response Network is designed to help bridge the gap between families affected by the foster care system and community resources. In partnership with DFPS and other agencies, we identify the immediate needs of biological families, relative caregivers, and foster youth and connect those families to congregations and community resources that can help!

Program 2

Expenses: $229,555

Church Mobilization:Equipping and mobilizing congregations to build trauma-informed systems of support within their congregations so they can serve their neighbors in an effective (and dignifying)...

Church Mobilization:Equipping and mobilizing congregations to build trauma-informed systems of support within their congregations so they can serve their neighbors in an effective (and dignifying) way.

Program 3

Expenses: $116,895 Revenue: $11,270

The Harris County TBRI Collaborative: A peer-led, collaborative training model to equip professionals and families with the tools needed to empower, connect with, and correct children with a history...

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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 $521,918

Program Service Revenue $14,190

Investment Income $2,452

Other Revenue $0

TOTAL REVENUE $538,560

Expense Breakdown

Grants Paid $22,121

Salaries & Benefits $652,146

Fundraising Expenses $168,743

Program Expenses $601,417

Other Expenses $283,202

TOTAL EXPENSES $957,469

Year-over-Year Comparison

	2023	2022	Change
Revenue	$538,560	$996,600	-0.5%
Expenses	$957,469	$774,227	+0.2%
Net Income	$-418,909	$222,373	-2.9%

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

$100,646

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Colleen McKnight	President (as of 11/1/23)	2.00	Officer Director	$0	$0	$0
Mark Felder	President (through 10/31/23)	2.00	Officer Director	$0	$0	$0
Chelsea Robellar	Secretary	2.00	Officer Director	$0	$0	$0
Weston Yaw	Treasurer (as of 6/16/24)	2.00	Officer Director	$0	$0	$0
Amber Robinson	Treasurer (through 9/27/23)	2.00	Officer Director	$0	$0	$0
Jennifer Clifford	Director	1.00	Director	$0	$0	$0
Cheri Hassenflu	Director	1.00	Director	$0	$0	$0
Rachel Lake	Director	1.00	Director	$0	$0	$0
Rolando Martinez	Director	1.00	Director	$0	$0	$0
Lisa Ortega	Director	1.00	Director	$0	$0	$0
Hiji Washington	Director	1.00	Director	$0	$0	$0
Amber Knowles	Executive Director	40.00	Officer	$100,646	$0	$100,646
Matthew Schultz	Director of Operations	40.00	Highest	$120,000	$0	$120,000

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
2025	No data	No data	No data	No data
2024	$538,560	$957,469	$150,984	$-418,909
2023	$996,600	$774,227	$577,218	$222,373
2022	$605,117	$482,068	$340,952	$123,049
2021	$309,810	$211,511	$233,442	$98,299