WILLIAM R DANIELS MEMORIAL FUND

EIN: 346857570 501(c)(3) Philanthropy & Grantmaking

BROOKLYN, OH

Total Revenue
$722,057
Total Expenses
$639,977
Total Assets
$7,291,505
Net Assets
$7,291,505
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
OH
Phone
2166895818
Tax Period
2023-07-01 to 2024-06-30

WILLIAM R DANIELS MEMORIAL FUND, founded in 1967, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $722K in total revenue in fiscal year 2023. Revenue surged 117% from the prior year, signaling strong growth momentum. Expenses of $640K left a modest 11% surplus.

Mission

Grants are made according to trust agreeement dated December 18, 1967,as amended. Keybank, as trustee, makes distributions as follows: 50%to Lakewood United Methodist Church, 30% to The Three Arches Foundation, FKA Lakewood Hospital, 10%to Lakewood Kiwanis, 5% to Lakewood Christian Church, and 5% to theBeck Center. Under the Ohio Institutional Trust Funds Act of 1999, thebeneficiaries have chosen to receive the maximum of income based onthe greater of 5% of AFV or traditional income. Keybank maintains aresponsiveness to the needs and activities of each beneficiaryorganization in the attainment of its mission. Please note thecharities have a right to remove the Trustee, the authority to appointco-trustees, and the Trustee has the authority to amend the documentto insure the continuation to qualify as a 509(a)3.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $722,057
Other Revenue $0
TOTAL REVENUE $722,057

Expense Breakdown

Grants Paid $568,734
Salaries & Benefits $69,222
Fundraising Expenses $0
Program Expenses $568,734
Other Expenses $2,021
TOTAL EXPENSES $639,977

Year-over-Year Comparison

2023 2022 Change
Revenue $722,057 $332,380 +1.2%
Expenses $639,977 $712,673 -0.1%
Net Income $82,080 $-380,293 -1.2%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
1
Independent Members
N/A
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 3.0
$69,222 $0 $69,222
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 No data No data No data No data
2024 $722,057 $639,977 $7,291,505 $82,080
2023 $332,380 $712,673 $7,208,899 $-380,293
2022 $782,305 $706,906 $7,589,186 $75,399
2021 $514,049 $634,783 $7,513,486 $-120,734
2020 $640,647 $614,530 $7,632,628 $26,117
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