FOSTERING PROMISE

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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

2023

Legal Domicile

Principal Officer

ANDRE V CHAPMAN

Tax Period

2024-08-01 to 2025-07-31

FOSTERING PROMISE, founded in 2023, is a small nonprofit in the Human Services sector that reported $622K in total revenue in fiscal year 2024. The organization ran a surplus of $190K, a strong 31% operating margin.

Mission

The mission of Fostering Promise is to ensure that every young person who ages out of foster care has a safe place to call home, the support of a caring mentor and the hope for a promising future.

Program Service Accomplishments

Program 1

Expenses: $200,208

During this fiscal year, Fostering Promise made major strides toward ensuring Not Even One young person ages out of foster care into homelessness. We convened 220 leaders at the first Bay Area Youth Housing Summit, resulting in Santa Clara Countys commitment to set aside 500 housing units and streamline FYI/FUP voucher access. We expanded four cross-sector policy workgroups and partnered with San Jos State University to build a beta Housing Repository. In San Francisco, we strengthened collaboration with CASA, county systems partners, and housing developers implementing our 4-policy priorities.

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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 $621,640

Program Service Revenue $0

Investment Income $173

Other Revenue $0

TOTAL REVENUE $621,813

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,203

Fundraising Expenses $35,000

Program Expenses $200,208

Other Expenses $292,277

TOTAL EXPENSES $431,480

Year-over-Year Comparison

	2024	2023	Change
Revenue	$621,813	N/A	N/A
Expenses	$431,480	N/A	N/A
Net Income	$190,333	N/A	N/A

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

N/A

Employees

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

$110,875

Total Directors