HONOR BOUND FOUNDATION INC

EIN: 133102064 501(c)(3) Human Services

DARIEN, CT

Total Revenue
$88,313
Total Expenses
$408,715
Total Assets
$182,333
Net Assets
$169,602
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
CT
Principal Officer
PAMELA KUSHNER
Phone
2036560003
Tax Period
2023-07-01 to 2024-06-30

HONOR BOUND FOUNDATION INC, founded in 1984, is a micro nonprofit in the Human Services sector that reported $88K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $409K exceeded revenue, resulting in a 363% operating deficit.

Mission

SERVING OUR COUNTRY REQUIRES UNPARALLELED COURAGE AND COMMITMENT, AND VETERANS NATIONWIDE HAVE MADE SACRIFICES TO PROTECT OUR COUNTRY AND OUR FREEDOMS. BUT THE UNFORTUNATE TRUTH IS THAT MANY VETERANS STRUGGLE TO FIND STABILITY WHILE ADJUSTING TO EVERYDAY LIFE AFTER SERVICE. HONOR BOUND'S MISSION REFLECTS OUR COMMITMENT TO PROVIDING TIMELY AID TO VETERANS ACROSS THE COUNTRY. OUR NATIONWIDE PARTNERSHIPS WITH CASE WORKERS, SOCIAL WORKERS FROM THE VA, AND OTHER VETERAN ORGANIZATIONS INCREASE OUR REACH AND IMPACT WHERE IT'S NEEDED MOST.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $43,079
Program Service Revenue $0
Investment Income $42,374
Other Revenue $2,860
TOTAL REVENUE $88,313

Expense Breakdown

Grants Paid $218,388
Salaries & Benefits $138,516
Fundraising Expenses $60,448
Program Expenses $283,326
Other Expenses $35,287
TOTAL EXPENSES $408,715

Year-over-Year Comparison

2023 2022 Change
Revenue $88,313 $160,508 -0.4%
Expenses $408,715 $480,467 -0.1%
Net Income $-320,402 $-319,959 +0.0%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
2
Employees
2
Volunteers
2

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$74,983
Total Directors
3
$74,983
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAMELA KUSHNER PRESIDENT 40.00
Officer Director
$63,570 $11,413 $74,983
RON RUBANO TREASURER 1.00
Officer Director
$0 $0 $0
JULIET TAYLOR SECRETARY 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $88,313 $408,715 $182,333 $-320,402
2023 $160,508 $480,467 $532,151 $-319,959
2022 $380,111 $655,911 $893,281 $-275,800
2021 $304,563 $624,688 $1,519,292 $-320,125
2020 $1,200,243 $2,056,408 $1,540,043 $-856,165
2019 $4,029,442 $4,929,593 $2,612,744 $-900,151
2018 $8,744,672 $7,491,399 $3,471,347 $1,253,273
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