Foster Together

Nonprofit profile at a glance

EIN
822378486
IRS 990-EZ coverage
2018–2020
Forms available
Form 990-EZ 2020
Location
Colorado Springs, CO, USA
Phone
7196511190
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Foster Care

Reported finances

Revenue
$60,305
Expenses
$57,410
Assets
$92,325
Liabilities
$16,355

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • HOPE FORTI (EXECUTIVE DIRECTOR)

People named in this filing

  • CATHERINE MURRAY (BOARD MEMBER)
  • LAUREN SHIRLEY (BOARD CHAIR)
  • SAMUEL STEPHENSON (BOARD MEMBER)

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 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Foster together Colorado serves as a voice of public relations and a support-teambuilder for foster families and case-involved families in Colorado.

What it reported doing in 2020

- created the virtual neighbors program to support families during lockdown.- graduated 80 volunteers from previous matches- produced webinars like human trafficking and foster care to educate our following about the warning signs and ways to keep kids safe.- nurtured high engagement rate in email list of 500 and social media reach of 10,000 communications to shift the culture of foster care toward family preservation and listening to survivors.- continued strategic partnerships with other small nonprofits, including foster source, meaghan's wish foundation, and foster family assist.

Operating model

Revenue model
Donor-supported. 73% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% 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.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 50
  • Transparency & Controls: 82
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 48.5%; rating input score 49
  • Program expense ratio: 51%; rating input score 51

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 4.8%; rating input score 53; 53rd percentile among comparable filings
  • Total-asset coverage ratio: 1.61; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 22.1%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 56.2% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 6.8% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 53.5% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 48.5% of revenue deployed · 51% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $29K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2018 to 2020
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Financial Efficiency: Mission deployment rate scored 49/100.
  • Review — Financial Efficiency: Program expense ratio scored 51/100.
  • Review — Sustainability: Operating margin scored 53/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.