THE COLONEL DAVID B KELLY FOUNDATION INC (EIN 223542732) - 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

1977

Legal Domicile

Principal Officer

SEAN R KELLY

Phone

7325531537

Tax Period

2023-01-01 to 2023-12-31

THE COLONEL DAVID B KELLY FOUNDATION INC, founded in 1977, is a micro nonprofit in the Education sector that reported $44K in total revenue in fiscal year 2023. Revenue surged 575% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14K, a strong 32% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS TO QUALIFIED CHILDREN OF NEW JERSEY STATE TROOPERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $704

Other Revenue $43,006

TOTAL REVENUE $43,710

Expense Breakdown

Grants Paid $24,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,000

Other Expenses $5,708

TOTAL EXPENSES $29,708

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,710	$6,476	+5.7%
Expenses	$29,708	$35,068	-0.2%
Net Income	$14,002	$-28,592	-1.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN R KELLY	PRESIDENT	1.0	Officer Director	$0	$0	$0
JAY J ZIZNEWSKI	TRUSTEE	1.0	Director	$0	$0	$0
DAVID B KELLY	SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
JAMES KIERNAN	TRUSTEE	1.0	Director	$0	$0	$0
MARY KELLY	TRUSTEE	1.0	Director	$0	$0	$0
PATRICIA KELLY	TRUSTEE	1.0	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	No data	No data	No data	No data
2023	$43,710	$29,708	$43,425	$14,002
2022	$6,476	$35,068	$32,350	$-28,592
2021	$43,228	$50,326	$56,492	$-7,098
2020	$35,455	$37,739	$63,590	$-2,284
2019	$46,169	$39,644	$62,743	$6,525
2018	$43,616	$38,129	$51,643	$5,487

THE COLONEL DAVID B KELLY FOUNDATION INC