THE DECLAN DRUMM SULLIVAN MEMORIAL

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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

BARRY SULLIVAN

Phone

3122861382

Tax Period

2024-07-01 to 2025-06-30

THE DECLAN DRUMM SULLIVAN MEMORIAL, founded in 2010, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $692K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

THE DECLAN DRUMM MEMORIAL FUND SUPPORTS ORGANIZATIONS THAT DEMONSTRATE SUBSTANTIAL LOCAL IMPACT IN THE AREAS OF EDUCATION AND COMMUNITY SERVICE

Program Service Accomplishments

Program 1

Expenses: $691,591

HONOR ONE LIFE. IMPACT HUNDREDS. THE ORGANIZATION HELPS DESERVING CHILDREN BENEFIT FROM OPPORTUNITIES THAT ALLOW THEM TO MEET THEIR GREATEST POTENTIAL THROUGH HORIZONS FOR YOUTH AND SIMILAR TYPE...

HONOR ONE LIFE. IMPACT HUNDREDS. THE ORGANIZATION HELPS DESERVING CHILDREN BENEFIT FROM OPPORTUNITIES THAT ALLOW THEM TO MEET THEIR GREATEST POTENTIAL THROUGH HORIZONS FOR YOUTH AND SIMILAR TYPE ORGANIZATIONS.

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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 $993,952

Program Service Revenue $0

Investment Income $10,274

Other Revenue $-312,250

TOTAL REVENUE $691,976

Expense Breakdown

Grants Paid $691,591

Salaries & Benefits $2,691

Fundraising Expenses $0

Program Expenses $691,591

Other Expenses $5,103

TOTAL EXPENSES $699,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$691,976	$509,864	+0.4%
Expenses	$699,385	$549,904	+0.3%
Net Income	$-7,409	$-40,040	-0.8%

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

N/A

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

Total Directors

$17,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY J SULLIVAN	TRUSTEE	40.00	Director	$17,500	$0	$17,500
ALISON J DRUMM	TRUSTEE	0.00	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	$691,976	$699,385	$894,299	$-7,409
2024	$509,864	$549,904	$803,974	$-40,040
2023	$670,765	$737,702	$790,210	$-66,937
2022	$781,323	$836,795	$884,547	$-55,472
2021	$476,969	$625,299	$923,316	$-148,330
2020	$595,552	$585,233	$783,841	$10,319
2019	$995,088	$898,747	$747,161	$96,341