FOSTERING SUCCESS ACT INC (EIN 882457311) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

RICHARD L JACKSON

Phone

6786907977

Tax Period

2023-01-01 to 2023-12-31

FOSTERING SUCCESS ACT INC, founded in 2022, is a mid-sized nonprofit in the Human Services sector that reported $10.7M in total revenue in fiscal year 2023. Revenue surged 106854% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.5M, a strong 98% operating margin.

Mission

FOSTERING SUCCESS ACT, INC. (FSA) IS A DFCS QUALIFIED FOSTER CHILD SUPPORT ORGANIZATION (QFCSO) WORKING WITH FORMER FOSTER CHILDREN AND OTHER DFCS QUALIFIED FOSTER CHILD SUPPORT ORGANIZATIONS THAT SUPPORT ELIGIBLE YOUTH AGING OUT OF 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,695,355

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $10,695,355

Expense Breakdown

Grants Paid $226,267

Salaries & Benefits $0

Fundraising Expenses $11,962

Program Expenses $226,267

Other Expenses $11,962

TOTAL EXPENSES $238,229

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,695,355	$10,000	+1068.5%
Expenses	$238,229	$1,685	+140.4%
Net Income	$10,457,126	$8,315	+1256.6%

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

Governance

Voting Members

Independent Members

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	Role	Reportable Comp	Other Comp	Total
RICHARD L JACKSON	PRESIDENT	Officer Director	$0	$0	$0
LESLIE KURTZ	TREASURER	Officer Director	$0	$0	$0
LARRY POWELL	DIRECTOR	Director	$0	$0	$0
HEIDI CARR	EXECUTIVE DIRECTOR	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	No data	No data	No data	No data
2023	$10,695,355	$238,229	$10,467,260	$10,457,126

FOSTERING SUCCESS ACT INC