DARIEN, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO SERVE VETERANS AND THEIR FAMILIES WITH HONOR, DIGNITY, AND RESPECT BY ADVOCATING FOR AND PROVIDING IMMEDIATE ASSISTANCE TO THEM DURING TIMES OF CRISIS.
HONOR BOUND FOUNDATION PROVIDES URGENT ONE-TIME FINANCIAL ASSISTANCE TO VETERANS AND VETERAN FAMILIES IN CRISIS. WHILE OTHER VETERAN SERVICE ORGANIZATIONS MAY REQUIRE EXTENSIVE DOCUMENTATION AND...
HONOR BOUND FOUNDATION PROVIDES URGENT ONE-TIME FINANCIAL ASSISTANCE TO VETERANS AND VETERAN FAMILIES IN CRISIS. WHILE OTHER VETERAN SERVICE ORGANIZATIONS MAY REQUIRE EXTENSIVE DOCUMENTATION AND EXCLUSIVE CRITERIA, HONOR BOUND HAS A SIMPLE APPLICATION PROCESS DESIGNED TO MAXIMIZE THE REACH OF OUR AID. THE VA, FOR EXAMPLE, CAN TAKE UP TO TEN MONTHS ON AVERAGE- AND OFTEN OVER A YEAR- TO PROVIDE VETERANS THE BENEFITS DUE TO THEM AFTER SEPARATING FROM SERVICE. HONOR BOUND STANDS BY ITS PROMISE TO RESPOND QUICKLY AND EFFICIENTLY TO HELP VETERANS AND VETERAN FAMILIES IN CRISIS, OFTEN PROVIDING DIRECT PAYMENTS TO CREDITORS/VENDORS WITHIN 24-48 HOURS, ELIMINATING THE STRESS ON THE VETERAN AND THEIR FAMILY. MANY VETERAN SERVICE ORGANIZATIONS HAVE SPECIFIC CRITERIA FOR ASSISTANCE, FOCUSING ON A PARTICULAR CATEGORY SUCH AS POST 9-11 VETERANS OR VETERANS WITH PHYSICAL DISABILITIES. UNFORTUNATELY, MANY EVERYDAY HARD-WORKING VETERANS DO NOT FIT THIS CRITERIA. HONOR BOUND EXTENDS AID TO ALL VETERANS STRUGGLING WITH A WIDE RANGE OF ISSUES. IN FY2024 ALONE, WE HELPED OVER 600 VETERANS WITH A VARIETY OF ESSENTIAL NEEDS- INCLUDING SECURITY DEPOSITS, UTILITIES, CAR REPAIRS, FOOD, MEDICAL EXPENSES, EDUCATION EXPENSES, AND MORE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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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