DEVON 50 INC (EIN 232209584) - 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

1982

Legal Domicile

Principal Officer

Roy D Wolgin

Phone

2157782595

Tax Period

2023-01-01 to 2023-12-31

DEVON 50 INC, founded in 1982, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 571% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 93% operating margin.

Mission

TO SUPPORT ACTIVITIES OF TROOP 50 BOY SCOUTS OF AMERICA & TRAIN YOUTH.

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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 $1,061,083

Program Service Revenue $17,650

Investment Income $31,362

Other Revenue $39,296

TOTAL REVENUE $1,149,391

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $7,165

Program Expenses $70,662

Other Expenses $84,833

TOTAL EXPENSES $84,833

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,149,391	$171,323	+5.7%
Expenses	$84,833	$150,935	-0.4%
Net Income	$1,064,558	$20,388	+51.2%

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

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
ROY D WOLGIN	PRESIDENT	5.00	Officer Director	$0	$0	$0
BILL RUPERT	SECRETARY	5.00	Officer Director	$0	$0	$0
WILLIAM GEIGER	TREASURER	5.00	Officer Director	$0	$0	$0
MICHAEL MARTIN	TROOP COMMITTEE CHAIR	5.00	Director	$0	$0	$0
DOTTIE LAW	TRUSTEE	5.00	Director	$0	$0	$0
BOB TICKNER	TRUSTEE	5.00	Director	$0	$0	$0
STEVE MILLER	TRUSTEE	5.00	Director	$0	$0	$0
SHIVANI JOHRI	TRUSTEE	5.00	Director	$0	$0	$0
DAVE THOMAS	TRUSTEE	5.00	Director	$0	$0	$0
JEFF FORD	TRUSTEE	5.00	Director	$0	$0	$0
BILL KLINE	TRUSTEE	5.00	Director	$0	$0	$0
BRUCE WEINTRAUB	TRUSTEE	5.00	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	$1,149,391	$84,833	$2,064,872	$1,064,558
2022	$171,323	$150,935	$1,000,839	$20,388
2021	$163,769	$86,930	$980,451	$76,839
2020	$54,014	$52,635	$903,612	$1,379
2019	$124,146	$94,189	$902,233	$29,957
2018	$95,341	$70,113	$872,276	$25,228

DEVON 50 INC