FOREVER HOME INC (EIN 841832161) - 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

2019

Legal Domicile

Principal Officer

WILLIAM K ADKINS

Phone

8136895370

Tax Period

2024-01-01 to 2024-12-31

FOREVER HOME INC, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $633K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $121K, a strong 19% operating margin.

Mission

Forever Homes, Inc. mission statement:1.Our mission will be to assist Christian families in their efforts to adopt orphan children either from birth or out of foster care.2.Give aid and assistance to orphan children both domestic and international.3.Give aid and assistance to widows and single mothers both domestic and international.4.Partner with other Non-Profits to achieve these same objectives.

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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 (2024)

Revenue Breakdown

Contributions & Grants $632,782

Program Service Revenue $0

Investment Income $165

Other Revenue $0

TOTAL REVENUE $632,947

Expense Breakdown

Grants Paid $270,000

Salaries & Benefits $119,093

Fundraising Expenses $0

Program Expenses $270,000

Other Expenses $122,519

TOTAL EXPENSES $511,612

Year-over-Year Comparison

	2024	2023	Change
Revenue	$632,947	$583,380	+0.1%
Expenses	$511,612	$570,295	-0.1%
Net Income	$121,335	$13,085	+8.3%

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

N/A

Employees

N/A

Volunteers

N/A

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
WILLIAM K ADKINS	President	20.00	Director	$0	$0	$0
TAKA L ADKINS	Vice President	10.00	Director	$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	$632,947	$511,612	$407,309	$121,335
2023	$583,380	$570,295	$285,974	$13,085
2022	$461,880	$509,772	$276,116	$-47,892
2021	$413,982	$183,978	$320,781	$230,004
2020	$137,460	$73,343	$90,777	$64,117
2019	$79,776	$53,116	$26,660	$26,660

FOREVER HOME INC