THE WAR MEMORIAL FOUNDATION (EIN 262187703) - 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

2009

Legal Domicile

Principal Officer

SCOTT MATTHEWS

Tax Period

2017-10-01 to 2018-09-30

THE WAR MEMORIAL FOUNDATION, founded in 2009, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $38K in total revenue in fiscal year 2017. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $72K exceeded revenue, resulting in a 88% operating deficit.

Mission

THE WAR MEMORIAL FOUNDATION, INC. ("THE FOUNDATION"), WAS CHARTERED BY THE STATE OF NORTH CAROLINA IN 2009. THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR BENEVOLENT, HISTORIC AND EDUCATION PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT ALSO QUALIFY AS SECTION 501(C)(3) EXEMPT ORGANIZATIONS. THE FOUNDATION PURSUES PROJECTS THAT SPECIFICALLY HONOR THE SERVICE MEN AND WOMEN OF THE UNITED STATES ARMED FORCES AND THEIR FAMILIES. ALL FUNDS, WHETHER INCOME OR PRINCIPAL, AND WHETHER ACQUIRED BY GIFT OR CONTRIBUTION OR OTHERWISE, ARE DEVOTED TO SAID PURPOSE. THE FOUNDATION'S REVENUES ARE GENERATED FROM GRANTS, DONATIONS AND FUND RAISING ACTIVITIES. THE FOUNDATION WAS ORGANIZED FOR THE FOLLOWING PURPOSES: 1.THE WAR MEMORIAL FOUNDATION IS ORGANIZED EXCLUSIVELY FOR BENEVOLENT, HISTORIC AND EDUCATIONAL PURPOSES AND SHALL PURSUE PROJECTS THAT SPECIFICALLY HONOR THE SERVICE MEN AND WOMEN OF T

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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 (2017)

Revenue Breakdown

Contributions & Grants $38,233

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $38,233

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $19,059

Program Expenses $50,520

Other Expenses $71,738

TOTAL EXPENSES $71,738

Year-over-Year Comparison

	2017	2016	Change
Revenue	$38,233	$84,197	-0.5%
Expenses	$71,738	$73,918	0.0%
Net Income	$-33,505	$10,279	-4.3%

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

N/A

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
ROB O'HANLON	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT MATTHEWS	PRESIDENT	N/A	Officer Director	$0	$0	$0
GEORGE OFANEDES	TREASURER	N/A	Officer Director	$0	$0	$0
DANNY BRACKEN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
TOM DAYVAULT	DIRECTOR	N/A	Director	$0	$0	$0
DAN HOOD	DIRECTOR	N/A	Director	$0	$0	$0
WILLIAM H KNIGHT	SECRETARY	N/A	Officer Director	$0	$0	$0
BILL MOSS	DIRECTOR	N/A	Director	$0	$0	$0
AL STEVE NASH	DIRECTOR	N/A	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
2018	$38,233	$71,738	$51,737	$-33,505

THE WAR MEMORIAL FOUNDATION