DMC FOUNDATION (EIN 273529154) - 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

RICHARD L DEVORE

Phone

3139616675

Tax Period

2023-01-01 to 2023-12-31

DMC FOUNDATION, founded in 2010, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $3.7M exceeded revenue, resulting in a 49% operating deficit.

Mission

THE DMC FOUNDATION IS DEDICATED TO PROMOTING THE WELFARE OF THE GENERAL PUBLIC THROUGH THE SUPPORT OF RESEARCH, EDUCATION AND COMMUNITY BENEFIT ACTIVITIES.

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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 $516,613

Program Service Revenue $0

Investment Income $1,989,046

Other Revenue $522

TOTAL REVENUE $2,506,181

Expense Breakdown

Grants Paid $2,515,151

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,755,945

Other Expenses $1,220,498

TOTAL EXPENSES $3,735,649

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,506,181	$5,894,003	-0.6%
Expenses	$3,735,649	$3,173,247	+0.2%
Net Income	$-1,229,468	$2,720,756	-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

$1,151,247

Total Directors

$690,131

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD L DEVORE	CHAIR (BEG 07/23)/DIRECTOR/PRESIDENT	3.50	Officer Director	$0	$51,905	$690,131
HENRY M GRIX	TREASURER (END 06/23)	0.50	Officer Director	$0	$0	$0
JACK MARTIN	VICE CHAIR	0.50	Officer Director	$0	$0	$0
LORNA L THOMAS MD	CHAIR (END 06/23)	0.50	Officer Director	$0	$0	$0
ALLAN D GILMOUR	DIRECTOR	0.50	Director	$0	$0	$0
JAMES B NICHOLSON	DIRECTOR	0.50	Director	$0	$0	$0
JOANN CHAVEZ	DIRECTOR	0.50	Director	$0	$0	$0
MARY STEPHENS FERRIS	DIRECTOR (END 06/23)	0.50	Director	$0	$0	$0
PAUL C HILLEGONDS	DIRECTOR	0.50	Director	$0	$0	$0
PHYLLIS D MEADOWS	DIRECTOR (END 06/23)	0.50	Director	$0	$0	$0
RHONDA D WELBURN	DIRECTOR (END 06/23)	0.50	Director	$0	$0	$0
ROBERT P LISAK MD	DIRECTOR (END 06/23)	0.50	Director	$0	$0	$0
ROBIN D FERRIBY	DIRECTOR (END 06/23)	0.50	Director	$0	$0	$0
WENDY BATISTE-JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM F PICKARD	DIRECTOR	0.50	Director	$0	$0	$0
JENILYN NORMAN	TREASURER (BEG 09/23)	0.50	Officer	$0	$34,646	$279,354
MATTHEW J LEWIS	SECRETARY	1.00	Officer	$0	$27,813	$181,762

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
2023	$2,506,181	$3,735,649	No data	$-1,229,468
2022	$5,894,003	$3,173,247	$71,926,222	$2,720,756
2021	$8,497,712	$3,627,238	$83,661,972	$4,870,474
2020	$3,424,638	$2,787,804	$73,486,091	$636,834

DMC FOUNDATION