FOSTERING TOGETHER GULF COAST

EIN: 843727326 501(c)(3) Human Services

MOBILE, AL

Total Revenue
$235,384
Total Expenses
$175,262
Total Assets
$181,079
Net Assets
$180,193
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
AL
Principal Officer
MICHAEL SCHULTZ
Phone
2512413116
Tax Period
2024-01-01 to 2024-12-31

FOSTERING TOGETHER GULF COAST, founded in 2019, is a small nonprofit in the Human Services sector that reported $171K in total revenue in fiscal year 2022. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $27K, a strong 16% operating margin.

Mission

THE PURPOSE OF FOSTERING TOGETHER GULF COAST IS TO PROVIDE RESOURCES AND SUPPORT TO FOSTER AND ADOPTIVE FAMILIES AND CHILDREN IN FOSTER CARE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $140,999
Program Service Revenue $0
Investment Income $3,133
Other Revenue $91,252
TOTAL REVENUE $235,384

Expense Breakdown

Grants Paid $0
Salaries & Benefits $102,768
Fundraising Expenses $2,745
Program Expenses $145,220
Other Expenses $72,494
TOTAL EXPENSES $175,262

Year-over-Year Comparison

2024 2023 Change
Revenue $235,384 $154,798 +0.5%
Expenses $175,262 $169,380 +0.0%
Net Income $60,122 $-14,582 -5.1%
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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Governance

Voting Members
7
Independent Members
7
Employees
4
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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL SCHULTZ BOARD PRESIDENT 0.50
Officer Director
$0 $0 $0
TIMOTHY HEATH BOARD VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
ALISSA MICHELLE BOWLING-TICE BOARD SECRETARY 0.50
Officer Director
$0 $0 $0
KIMBERLY RICHARDSON BOARD OF DIRECTORS 0.50
Director
$0 $0 $0
LINDSEY GURLEY BOARD OF DIRECTORS 0.50
Director
$0 $0 $0
TIFFANY BRU BOARD OF DIRECTORS 0.50
Director
$0 $0 $0
ARIEL CHAVEZ BOARD OF DIRECTORS 0.50
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 $235,384 $175,262 $181,079 $60,122
2023 $154,798 $169,380 $121,343 $-14,582
2022 $170,802 $144,301 $134,653 $26,501
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