Folds of Honor South Dakota Chapter

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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

2020

Legal Domicile

Principal Officer

Glen Herrick

Phone

6053625116

Tax Period

2023-01-01 to 2023-12-31

Folds of Honor South Dakota Chapter, founded in 2020, is a small nonprofit in the Education sector that reported $203K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $102K, a strong 50% operating margin.

Mission

To fund educational scholarships for the dependents of fallen and disabled active-duty military service members.

Program Service Accomplishments

Program 1

Expenses: $101,052

Folds of Honor, South Dakota Chapter, provides the national organization with grant funds that provide recipients with higher education scholarships and childrens fund scholarships for spouses and...

Folds of Honor, South Dakota Chapter, provides the national organization with grant funds that provide recipients with higher education scholarships and childrens fund scholarships for spouses and dependents for service members who were killed in action, killed in the line of duty or suffered the loss of a limb; died of any cause while on active duty or after being classified as having a service-connected disability. Scholarships are used to subsidize the costs of tuition, school books, fees on campus room and board, approved educational tutoring, and other approved educational expenses.

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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 $113,637

Program Service Revenue $0

Investment Income $0

Other Revenue $89,833

TOTAL REVENUE $203,470

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $101,052

Other Expenses $1,052

TOTAL EXPENSES $101,052

Year-over-Year Comparison

	2023	2022	Change
Revenue	$203,470	$187,636	+0.1%
Expenses	$101,052	$190,533	-0.5%
Net Income	$102,418	$-2,897	-36.4%

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
Brad Coleman	President	2.00	Officer Director	$0	$0	$0
Mike Emery	Vice President	2.00	Officer Director	$0	$0	$0
Glen Herrick	Treasurer	2.00	Officer 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	$203,470	$101,052	$109,821	$102,418
2022	$187,636	$190,533	$7,403	$-2,897