WV Foster Adoptive & Kinship Parents Network Inc

EIN: 862054833 501(c)(3) Human Services

Beckley, WV

Total Revenue
$295,764
Total Expenses
$115,425
Total Assets
$233,365
Net Assets
$230,339
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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
2021
Legal Domicile
WV
Tax Period
2022-01-01 to 2022-12-31

WV Foster Adoptive & Kinship Parents Network Inc, founded in 2021, is a small nonprofit in the Human Services sector that reported $296K in total revenue in fiscal year 2022. Revenue surged 492% from the prior year, signaling strong growth momentum. The organization ran a surplus of $180K, a strong 61% operating margin.

Mission

To Support the building of a statewide network of foster, adoptive, and kinship families from all agencies for advocacy and support.

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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 (2022)

Revenue Breakdown

Contributions & Grants $295,764
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $295,764

Expense Breakdown

Grants Paid $30,000
Salaries & Benefits $36,963
Fundraising Expenses $0
Program Expenses $107,025
Other Expenses $48,462
TOTAL EXPENSES $115,425

Year-over-Year Comparison

2022 2021 Change
Revenue $295,764 $50,000 +4.9%
Expenses $115,425 N/A N/A
Net Income $180,339 $50,000 +2.6%
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
1
Volunteers
15

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
1
$31,385
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marissa Sanders Executive Director 35.00
Officer
$31,385 $0 $31,385
Melissa LePlatt Co-Chair 1.00
Director
$0 $0 $0
Veronica Bunch Co-Chair 0.00
Director
$0 $0 $0
Sam Hickman SecretaryTreasurer 1.00
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
2022 $295,764 $115,425 $233,365 $180,339
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