FOSTER NATION (EIN 852404828) - 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

2020

Legal Domicile

Principal Officer

MAGGIE LIN

Phone

3103105759

Tax Period

2023-01-01 to 2023-12-31

FOSTER NATION, founded in 2020, is a small nonprofit in the Human Services sector that reported $783K in total revenue in fiscal year 2023. Expenses of $705K left a modest 10% surplus.

Mission

FOSTER NATION SUPPORTS AND EMPOWERS YOUNG PEOPLE AGING OUT OF FOSTER CARE (SEE SCH O) TO BE SELF-SUFFICIENT BY PROVIDING RESOURCES, SOCIAL SUPPORT, AND MENTORSHIP. WE BELIEVE THAT EVERYONE HAS THE POWER TO BE BETTER THAN THE CIRCUMSTANCES THEY WERE BORN INTO. OUR MAIN PROGRAMS ARE 1) SPARKS TO HELP FOSTER YOUTH DEVELOP FOUNDATIONAL LIFE AND PROFESSIONAL SKILLS NECESSARY FOR ADULTHOOD; 2) SPARKS OF LOVE TO CELEBRATE THE MILESTONES IN THE LIVES OF FOSTER YOUTH SO THEY KNOW THAT THEY BELONG, THEY MATTER, AND THEY ARE NOT ALONE.

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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 $746,036

Program Service Revenue $0

Investment Income $36,741

Other Revenue $219

TOTAL REVENUE $782,996

Expense Breakdown

Grants Paid $116,139

Salaries & Benefits $224,969

Fundraising Expenses $42,964

Program Expenses $598,412

Other Expenses $364,282

TOTAL EXPENSES $705,390

Year-over-Year Comparison

	2023	2022	Change
Revenue	$782,996	$795,181	0.0%
Expenses	$705,390	$518,242	+0.4%
Net Income	$77,606	$276,939	-0.7%

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

552

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

$100,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLINE KUNITZ	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID MILKEN	TREASURER	4.00	Officer Director	$0	$0	$0
AARON ELSTER	SECRETARY	4.00	Officer Director	$0	$0	$0
LYDIA COLEMAN	DIRECTOR (AS OF 10/26/23)	2.00	Director	$0	$0	$0
ALAIN DATCHER	DIRECTOR (AS OF 4/27/23)	2.00	Director	$0	$0	$0
DARREN EDWARDS	DIRECTOR (AS OF 7/27/23)	2.00	Director	$0	$0	$0
DAVE HERMAN	DIRECTOR	2.00	Director	$0	$0	$0
JEANNE PRITZKER	DIRECTOR	2.00	Director	$0	$0	$0
JACQUELINE SHAMTOOB	DIRECTOR	2.00	Director	$0	$0	$0
KATE SOMERVILLE	DIRECTOR	2.00	Director	$0	$0	$0
JOY TAYLOR	DIRECTOR	2.00	Director	$0	$0	$0
MAGGIE LIN	EXECUTIVE DIRECTOR	40.00	Officer	$100,500	$0	$100,500

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	$782,996	$705,390	$953,506	$77,606
2022	$795,181	$518,242	$853,736	$276,939
2021	$975,776	$407,136	$579,670	$568,640

FOSTER NATION