Foster 360

Nonprofit profile at a glance

EIN
932314888
IRS 990 coverage
2023–2024
Forms available
Form 990 2024
Location
Mesa, AZ, USA
Phone
4808342115
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$516,497
Expenses
$516,552
Assets
$305,148
Liabilities
$675,019

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • Mark Young (CEO & President)

Highest reported compensation

  • Mark Young (CEO & President): $126,644 total reported compensation
  • Allison Johnson (Chief Financial Officer): $101,770 total reported compensation
  • Dana Hicks (Chief Operating Officer): $83,293 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Foster360 equips former clients of the foster care system to break the cycle of homelessness and abuse.

What it reported doing in 2024

In the State of Arizona, more than 900 youth age out of the foster care system annually, with almost half becoming homeless within three years. Foster360 combats this dismal statistic by providing safe and stable housing at two East Valley facilities in Mesa and Tempe for homeless, aged-out foster kids ages 18-24. Working in partnership with Barrow Neurological Institute, Honor Health, Northern Arizona University, and others, Foster360 nurtures these youth so they can capably and healthfully take charge of their lives and break the cycle of homelessness and poverty. Throughout their participation in Foster360, youth can access rehabilitation services for Traumatic Brain Injury, engage in positive socialization activities with group volunteers, enjoy nutritional meals through cooking demonstrations, and receive group or individual trauma focused therapy. Foster360 provides a roof over vulnerable heads, food in their empty stomachs, and transportation to medical care and job training -- all within a safe environment. Currently, the 11 young adults in this program are experiencing reduced anxiety, increased self-awareness, and gaining life skills and confidence that allows them to lead the productive, fulfilling lives they richly deserve. In the coming year, Foster360 will expand programming to include non-residential navigation services for 25 youths.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 85% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 90
  • Accountability: 95
  • Sustainability: 29
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.6%; rating input score 86
  • Program expense ratio: 85.6%; rating input score 86
  • Fundraising efficiency: $140.65 raised per $1 spent on fundraising; rating input score 89; 89th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 22nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0%; rating input score 35; 35th percentile among comparable filings
  • Total-asset coverage ratio: 0.59; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 2.21; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 8.8%; rating input score 41; 41st percentile among comparable filings

Growth

  • Program expense growth: -51% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: 13.3% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 122% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 85.6% of revenue deployed · 85.6% of spending went to programs
  • Governance: 10 of 10 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $442K in reported program spending
  • Leadership: top reported pay $127K · 13 people listed
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 3 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: Program expense growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 35/100.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • Moderate — Sustainability: Officer compensation ratio scored 41/100.