Finance of America Cares
Nonprofit profile at a glance
- EIN
- 822673713
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990 2024, Form 990-EZ 2025, Form 990-N 2017
- Location
- Irving, TX, USA
- Phone
- 2153467061
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $83,206
- Expenses
- $243,198
- Assets
- $427,804
- Liabilities
- $175,147
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- LOUANN ROSS (EXECUTIVE DIRECTOR)
- BRITANY LUTH (IMMEDIATE PAST-PRESIDENT UNTIL JUNE 2025)
- ERIC CLEMOW (PRESIDENT SINCE JUNE 2025)
- CHAD CRAMER (VICE PRESIDENT UNTIL JUNE 2025)
- HEATHER ELINE (VICE PRESIDENT SINCE JUNE 2025)
People named in this filing
- LOUANN ROSS (EXECUTIVE DIRECTOR)
- BRITANY LUTH (IMMEDIATE PAST-PRESIDENT UNTIL JUNE 2025)
- ERIC CLEMOW (PRESIDENT SINCE JUNE 2025)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to strengthen our communities, enrich lives, and inspire caring.
What it reported doing in 2025
Community impact grants: building strong communities through grantmaking to nonprofits in the following three focus areas: 1) veterans: serving the emerging and long-term needs of our nation's veterans and their families. In an effort to recognize the sacrifices they and their loved ones have made on behalf of our country, we proudly support active military personnel, veterans, and their families on a local level. We provide resources to nonprofit veteran's service organizations whose programs connect veterans and their families facing hardships to an array of critical human services 2)youth development: empowering our youth to become compassionate and responsible members of society. The future drivers of change for the development and stability of our country are today's youth. We support life-enhancing programs that engage youth within their communities, schools, social groups, and families, that are positive and constructive to the development of their character, and enable all young people to reach their full potential. 3) human services: enhancing access to basic needs for underserved individuals and families. Human services strives to meet basic human needs by focusing on prevention as well as remediation of problems. We are committed to improving the overall quality of life for individuals and families at their point of most urgent need. To achieve this, we are engaged in numerous initiatives with nonprofits whose programs and services work to prevent or end homelessness.
Operating model
- Revenue model
- Donor-supported. 97% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 95
- Transparency & Controls: 92
- Sustainability: 28
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 87.4%; rating input score 87
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 2nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -192.3%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 1.76; rating input score 62; 62nd percentile among comparable filings
- Liabilities to assets ratio: 0.41; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -15.6% per year; rating input score 0; 18th percentile among comparable filings
- Asset growth: 0.5% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 87.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $212K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- Related organizations: 10 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.