FARESTART (EIN 911546757) - 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

1992

Legal Domicile

Principal Officer

PATRICK D'AMELIO

Phone

2064431233

Tax Period

2024-01-01 to 2024-12-31

FARESTART, founded in 1992, is a mid-sized nonprofit in the Employment sector that reported $14.7M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

FARESTART TRANSFORMS LIVES, DISRUPTS POVERTY AND NOURISHES COMMUNITIES THROUGH FOOD, LIFE SKILLS AND JOB TRAINING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $11,227,970

Program Service Revenue $220,050

Investment Income $391,455

Other Revenue $2,814,975

TOTAL REVENUE $14,654,450

Expense Breakdown

Grants Paid $838,047

Salaries & Benefits $10,118,572

Fundraising Expenses $1,131,261

Program Expenses $11,527,080

Other Expenses $4,103,738

TOTAL EXPENSES $15,060,357

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,654,450	$19,063,456	-0.2%
Expenses	$15,060,357	$18,232,008	-0.2%
Net Income	$-405,907	$831,448	-1.5%

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

162

Volunteers

873

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

$755,548

Total Directors

Key Employees

$984,310

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK D'AMELIO	CEO	40.00	Officer	$312,099	$26,722	$338,821
MEGAN HAMPSON	SVP OF DEVEL	40.00	Officer	$204,634	$15,849	$220,483
MARGARET VIERA	SVP SCL ENTE	40.00	Key Emp	$202,884	$16,248	$219,132
NICOLE MOON	SNR VP PPL &	40.00	Key Emp	$198,322	$15,548	$213,870
STEPHANIE SCHOO	VP COMMS ENG	40.00	Key Emp	$188,612	$15,590	$204,202
CARLIN LLORENTE	SVP OF PROGR	40.00	Officer	$187,420	$8,824	$196,244
CAROLYN BARDEN	SVP OF FINAN	40.00	Key Emp	$176,360	$624	$176,984
RENEE MARTIN	VP OF CONSUL	40.00	Key Emp	$155,747	$14,375	$170,122
ALINA BRUNNER	DIRECTOR OF	40.00	Highest	$124,741	$1,542	$126,283
CONSTANCE AWENASA	DIR ADMIN &	40.00	Highest	$121,091	$12,555	$133,646
MICHAEL LUND	DIR SOCIAL E	40.00	Highest	$120,621	$11,494	$132,115
ELIZABETH JAMES	ASSOC DIR CO	40.00	Highest	$117,254	$12,728	$129,982
ERIKA VAN MERR	DIR INSTITUN	40.00	Highest	$106,202	$5,566	$111,768
JANICE JAVIER	CHAIR	3.00	Officer Director	$0	$0	$0
LAILA ELIAS PHD	TREASURER	3.00	Officer Director	$0	$0	$0
SUE BEVINGTON	SECRETARY	3.00	Officer Director	$0	$0	$0
BETTINA STIX	BOARD MEMBER	3.00	Director	$0	$0	$0
CATE HARDY	BOARD MEMBER	3.00	Director	$0	$0	$0
CLAUDIA LESLIE	BOARD MEMBER	3.00	Director	$0	$0	$0
DANI CONE	BOARD MEMBER	3.00	Director	$0	$0	$0
DON HEISLER	BOARD MEMBER	3.00	Director	$0	$0	$0
ED GOINES	BOARD MEMBER	3.00	Director	$0	$0	$0
JULAINE SMITH	BOARD MEMBER	3.00	Director	$0	$0	$0
KAT KORAB	BOARD MEMBER	3.00	Director	$0	$0	$0
LEE-MING ZEN	BOARD MEMBER	3.00	Director	$0	$0	$0
MARTIN LAWSON	BOARD MEMBER	3.00	Director	$0	$0	$0
MICHAEL PICKETT	BOARD MEMBER	3.00	Director	$0	$0	$0
MICHELLE BURNS	BOARD MEMBER	3.00	Director	$0	$0	$0
PATTY RUSSELL	BOARD MEMBER	3.00	Director	$0	$0	$0
PETER GUYER	BOARD MEMBER	3.00	Director	$0	$0	$0
SEAN GOODE	BOARD MEMBER	3.00	Director	$0	$0	$0
SRILATA REMALA	BOARD MEMBER	3.00	Director	$0	$0	$0
WALTER EUYANG	BOARD MEMBER	3.00	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
2024	$14,654,450	$15,060,357	$22,036,232	$-405,907
2023	$19,063,456	$18,232,008	$20,369,224	$831,448
2022	$17,013,984	$21,129,205	$20,280,851	$-4,115,221
2021	$20,206,425	$15,306,993	$25,249,584	$4,899,432
2020	$25,167,456	$22,306,014	$23,283,228	$2,861,442
2019	$20,628,224	$21,102,787	$20,710,837	$-474,563
2018	$21,180,717	$22,057,809	$30,116,931	$-877,092
2018	$21,180,717	$22,057,809	$30,116,931	$-877,092

FARESTART