Fosterus

EIN: 843390925 501(c)(3) Education

Wilmington, NC

Total Revenue
$2,715,411
Total Expenses
$2,846,581
Total Assets
$475,994
Net Assets
$475,994
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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
NC
Principal Officer
Jantz Hoffman
Phone
8558262752
Tax Period
2025-01-01 to 2025-12-31

Fosterus, founded in 2019, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2025.

Mission

Fosterus aims to increase access to quality healthcare, education, legal and social services for disadvantaged communities by providing loan repayment assistance programming for public service positions within nonprofit organizations or local government entities, which exist to meet the healthcare, education, legal and/or social service needs of underserved and vulnerable populations.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $2,415,103
Program Service Revenue $300,276
Investment Income $32
Other Revenue $0
TOTAL REVENUE $2,715,411

Expense Breakdown

Grants Paid $0
Salaries & Benefits $251,444
Fundraising Expenses $0
Program Expenses $2,780,188
Other Expenses $2,595,137
TOTAL EXPENSES $2,846,581

Year-over-Year Comparison

2025 2024 Change
Revenue $2,715,411 $2,687,802 +0.0%
Expenses $2,846,581 $3,696,600 -0.2%
Net Income $-131,170 $-1,008,798 -0.9%
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

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Governance

Voting Members
3
Independent Members
3
Employees
2
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
2
$226,921
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jantz Hoffman COO 40.00
Officer
$113,465 $0 $113,465
Heather Jarvis Executive Dir. 40.00
Officer
$113,456 $0 $113,456
Lauren Collingwood Secretary 5.00
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
2025 $2,715,411 $2,846,581 $475,994 $-131,170
2024 $2,687,802 $3,696,600 $607,164 $-1,008,798
2023 $2,478,956 $1,869,253 $1,615,962 $609,703
2022 $1,321,360 $358,350 $1,006,259 $963,010
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