Troops Direct (EIN 273046842) - 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

2010

Legal Domicile

Principal Officer

Aaron Negherbon

Phone

8779787667

Tax Period

2024-07-01 to 2025-06-30

Troops Direct, founded in 2010, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.6M in total revenue in fiscal year 2024. Revenue surged 259% from the prior year, signaling strong growth momentum.

Mission

Troops Direct augments the United States military supply chain by providing American forces with critically needed items that cannot be accessed through conventional government channels.

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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 $5,486,279

Program Service Revenue $0

Investment Income $105,826

Other Revenue $24,679

TOTAL REVENUE $5,616,784

Expense Breakdown

Grants Paid $5,079,923

Salaries & Benefits $335,677

Fundraising Expenses $53,715

Program Expenses $5,292,742

Other Expenses $409,572

TOTAL EXPENSES $5,825,172

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,616,784	$1,564,617	+2.6%
Expenses	$5,825,172	$1,755,591	+2.3%
Net Income	$-208,388	$-190,974	+0.1%

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

$180,000

Total Directors

$180,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aaron Negherbon	Executive Director	040.00	Officer Director	$180,000	$0	$180,000
Steve Cannatella	Secretary	002.00	Officer Director	$0	$0	$0
Bill Hu	Treasurer	002.00	Officer Director	$0	$0	$0
Kent Cleaver	Director	002.00	Director	$0	$0	$0
Ron Espana	Director	002.00	Director	$0	$0	$0
Keith Forkin	Director	002.00	Director	$0	$0	$0
Helen Gates	Director	002.00	Director	$0	$0	$0
Jonny Gomes	Director	002.00	Director	$0	$0	$0
Jake Zweig	Director	002.00	Director	$0	$0	$0
Sean Herrero	Director	002.00	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
2025	$5,616,784	$5,825,172	$2,629,722	$-208,388
2024	$1,564,617	$1,755,591	$3,026,806	$-190,974
2023	$2,158,418	$2,872,525	$2,306,193	$-714,107
2023	$2,533,616	$2,929,870	$3,057,253	$-396,254
2022	$6,548,064	$6,775,692	$3,337,210	$-227,628
2021	$6,174,707	$6,343,179	$1,749,204	$-168,472
2020	$4,270,945	$4,229,527	$1,905,237	$41,418
2019	$3,306,941	$3,187,667	$1,824,744	$119,274
2019	$3,607,318	$3,575,124	$1,650,210	$32,194
2018	$3,607,318	$3,575,124	$1,650,210	$32,194

Troops Direct