PATRIOT FOUNDATION (EIN 200232968) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

BAILEY VAUGHAN

Phone

9109929856

Tax Period

2024-01-01 to 2024-12-31

PATRIOT FOUNDATION, founded in 2003, is a community nonprofit in the Recreation & Sports sector that reported $4.9M in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $6.4M exceeded revenue, resulting in a 32% operating deficit.

Mission

FUNDRAISING ORGANIZATION PROVIDING SCHOLARSHIP FUNDS FOR THE FAMILIES OF SERVICE MEN AND WOMEN KILLED, WOUNDED, AND INJURED WHILE SERVING OUR NATION.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,495,593

Program Service Revenue $0

Investment Income $365,294

Other Revenue $0

TOTAL REVENUE $4,860,887

Expense Breakdown

Grants Paid $6,142,636

Salaries & Benefits $170,545

Fundraising Expenses $9,482

Program Expenses $6,144,309

Other Expenses $85,694

TOTAL EXPENSES $6,398,875

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,860,887	$10,441,031	-0.5%
Expenses	$6,398,875	$3,800,108	+0.7%
Net Income	$-1,537,988	$6,640,923	-1.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$52,631

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FERD IRIZARRY	DIRECTOR	20.00	Director	$0	$0	$0
ED BROYHILL	CHAIRMAN	3.00	Officer Director	$0	$0	$0
MIKE PISCETELLI	DIRECTOR	3.00	Director	$0	$0	$0
WHIT MCCRARY	DIRECTOR	3.00	Director	$0	$0	$0
BAILEY VAUGHAN	BOARD MEMBER/TREASURER	3.00	Officer Director	$0	$0	$0
CHRIS MORRIS	DIRECTOR	3.00	Director	$0	$0	$0
MATT MAJURI	DIRECTOR	3.00	Director	$0	$0	$0
KIM GILLEY	EXECUTIVE VICE PRESIDENT	30.00	Officer	$52,631	$0	$52,631

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
2025	No data	No data	No data	No data
2024	$4,860,887	$6,398,875	$7,298,136	$-1,537,988
2023	$10,441,031	$3,800,108	$8,603,244	$6,640,923
2022	$3,205,144	$2,722,835	$1,727,446	$482,309
2021	$862,205	$752,701	$1,492,250	$109,504
2020	$1,412,803	$1,154,549	$1,722,225	$258,254
2019	$1,068,190	$968,293	$1,105,557	$99,897

PATRIOT FOUNDATION