Finance of America Cares EIN 82-2673713

Finance of America Cares

EIN  82-2673713 Public charity (501(c)(3)) Irving, TX
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Strengthens communities, enriches lives, and inspires caring through its programs and services.
Leadership
Louann Ross · Executive Director
Money in and out
$83K revenue, $243K expenses
Bottom line
21.0mo operating runway

Strengthens communities, enriches lives, and inspires caring through its programs and services. For fiscal year 2025 it reported $83K in revenue, $243K in expenses, and $253K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$83K
Pt VIII · Ln 12
Total expenses
$243K
Pt IX · Ln 25
Net assets
$253K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$160K
Where spending went · Part IX cols B–D
Program services $0.87
Operating runway
21.0mo
months of highly liquid reserves at operating expense rate▲ +44% vs prior filing year
Surplus margin
-192%
revenue over expenses, this year▼ -60% vs prior filing year
Revenue trend
-38%
avg. annual growth over 5 years▼ -6% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$83K
FY2025▼ -45%
Expenses
$243K
FY2025▼ -27%
Total assets
$428K
FY2025▲ +4%
Total liabilities
$175K
FY2025
Total revenue
$83K
Pt VIII · Ln 12
Total expenses
$243K
Pt IX · Ln 25
Net assets
$253K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$160K
Total assetsPt X · Ln 16$428K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

2 program services account for $310K of program spending, described in the organization's own filed words · FY2024.
01

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.

$280Kprogram expense
02

Employee Assistance Fund

Finance of america companies takes pride in its staff - their energy and skills are key in helping to fulfill our mission. We recognize that employees' may experience hardships that require emergency financial assistance.

$30Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFinance of America Cares
EINHdr · item D82-2673713
Principal addressHdr · item CIrving, TX
WebsiteHdr · item Jwww.financeofamerica.com/cares
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFNov 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a
Whistleblower policyPt VI · Ln 13
Document retention policyPt VI · Ln 14
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
Immediate Past-President Until June 2025
$0Pt VII · Sec A
President Since June 2025
$0Pt VII · Sec A
Vice President Until June 2025
$0Pt VII · Sec A
Vice President Since June 2025
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Finance of America Cares executive salaries →

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Statement of Revenue

Part VIII
Other revenue100%$83K
Total revenueLn 12$83K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87
Program services87%$212K
Total functional expensesLn 25$243K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$428K
Total liabilitiesLn 26$175K
Total net assetsLn 32$253K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $426K · Operating expenses/yr $243K
21.0 months
Where the money goes
Program services
not reported
Management & General
not reported
Fundraising
not reported
Cost to raise $1
not reported
Where the money comes from
Contribution dependence
Contributions & grants $81K · Total revenue $83K
97%
Government reliance
not reported
Earned-income share
Program service revenue $0 · Total revenue $83K
0%
Investment reliance
Investment income $44 · Total revenue $83K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $243K
0%
Growth & trend
Revenue growth (YoY)
This year $83K · Prior year $152K
-45%
Revenue CAGR
FY2020 $873K · FY2025 $83K
-38%
Net-asset trend (YoY)
End of year $253K · Beginning of year $413K
-39%
Balance sheet
Surplus Margin
Revenue $83K · Expenses $243K
-192%
Liabilities-to-Assets
Total liabilities $175K · Total assets $428K
41%
Net-asset ratio
Net assets $253K · Total assets $428K
59%
People & payroll
Highest Reported Total Compensation
Individual Louann Ross · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $0 · Total expenses $243K
0%
Personnel share
Salaries & benefits $0 · Total expenses $243K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%
Revenue growth -45%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$959
Grants paid · 37 grants · $577K · 2020–2024
Angels of Americas FallenCO · FY2024$25,000
Rebuilding Together INCDC · FY2024$25,000
Yellow Ribbon Fund INCMD · FY2024$25,000
Meals on Wheels AmericaVA · FY2024$25,000
Travis Manion FoundationPA · FY2024$25,000
Hire Heroes USA INCGA · FY2024$10,000
International Data Policy CommitteeFY2023$70,610
Unitemized GrantFY2023$9,934
Unitemized GrantFY2022$26,746
Unitemized GrantFY2021$77,273
Unitemized GrantFY2020$40,315
Homes for Our Troops INCMA · FY2020$12,750
Veterans' OutreachOH · FY2020$8,000
See all 37 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$83K revenue · viewing · ⤓ 990 PDF
FY2024$152K revenue · ⤓ 990 PDF
FY2023$552K revenue · ⤓ 990 PDF
FY2022$334K revenue · ⤓ 990 PDF
FY2021$939K revenue · ⤓ 990 PDF
FY2020$873K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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