Foster care and child placing agencies carry a big mission on tight, contract-driven budgets. EFS Group gives agency leaders clean books and CFO-level guidance so you can manage your money and grow your impact with confidence.
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Placements change. Payroll and foster parent payments don’t.
- Per-diem and contract revenue moves with placements, while staff payroll and foster parent payments stay due on schedule.
- Government contracts and grants come with their own reporting rules and restricted funds.
- Boards and funders want clear financials, but the books are often months behind.
- Growth into new counties or programs is hard to plan without reliable cost data.
How EFS Group helps foster care agencies
- Monthly bookkeeping with clear separation of contract, grant, and unrestricted funds.
- Board-ready financial statements and budget-vs-actual reports.
- Cash flow forecasting around contract payments, placements, and payroll.
- Payroll support for case workers and staff.
- Fractional CFO planning for program growth, reserves, and funding decisions.
We offer Starter, Intermediate, and Premium CFO packages that combine monthly books, strategy, KPIs, payroll options, and tax planning. View CFO packages and services →
How it works
- Preview — A short strategy call to understand your organization, revenue, pain points, and goals.
- Probe — A detailed look at your books, bank activity, payroll, tax history, and systems.
- Plan — Clear recommendations on the areas that drive cash and profit.
- Present — We walk through the plan together and decide if we’re a fit.
- Put into motion — Cleanup if needed, then ongoing books and CFO support.
FAQ
Do you work with nonprofit foster care agencies?
Yes. Many foster care and child placing agencies are nonprofits. We set up fund tracking, budgets, and board reports that fit nonprofit requirements, and we coordinate with your auditor or tax preparer as needed.
Can you help us track grants and restricted funds?
Yes. We organize your books so grant and contract money is tracked separately, making it easier to report to funders and avoid mixing restricted and operating funds.
How do you plan cash when placements change?
We build a forecast that ties revenue to placement levels and contract payment timing, so you can see how changes in placements affect cash in the coming weeks and months.
What reports will our board receive?
Typically a monthly or quarterly set: statement of financial position, statement of activities, budget-vs-actual, and a cash forecast — explained in plain language.
How do we get started?
Complete our short client intake form or contact us, and we’ll set up a discovery call to understand your agency and recommend next steps.
Ready to get clear on your numbers?
Let’s clean up the confusion around cash, payroll, and tax — and build a financial engine that supports growth.
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