FRIENDS OF THE FOLDS OF HONOR FOUN… - Form 990 Financial Data

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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

2012

Legal Domicile

Principal Officer

STEPHEN HAWORTH

Phone

3123102432

Tax Period

2024-01-01 to 2024-12-31

Mission

RAISING FUNDS FOR THE FOLDS OF HONOR FOUNDATION.

Program Service Accomplishments

Program 1

THE FRIENDS OF THE FOLDS OF HONOR FOUNDATION WAS FORMED TO HOLD AN ANNUAL DINNER IN SUPPORT OF THE FOLDS OF HONOR FOUNDATION. THE FRIENDS OF THE FOLDS OF HONOR FOUNDATION WILL ALSO ACCEPT...

THE FRIENDS OF THE FOLDS OF HONOR FOUNDATION WAS FORMED TO HOLD AN ANNUAL DINNER IN SUPPORT OF THE FOLDS OF HONOR FOUNDATION. THE FRIENDS OF THE FOLDS OF HONOR FOUNDATION WILL ALSO ACCEPT CONTRIBUTIONS FROM THE GENERAL PUBLIC. AFTER PAYING THE EXPENSES OF THE ANNUAL DINNER, THE REMAINING FUNDS WILL BE DONATED TO THE FOLDS OF HONOR FOUNDATION. ADDITIONALLY, THE FRIENDS OF THE FOLDS OF HONOR FOUNDATION MAY IN THE FUTURE DONATE TO OTHER MILITARY-ORIENTED CHARITIES.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	$4,177,360	-1.0%
Expenses	N/A	$3,149,024	-1.0%
Net Income	N/A	$1,028,336	N/A

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
KELLY DOUGLASS	PRESIDENT	N/A	Officer Director	$0	$0	$0
LEE E HARKLEROAD	SECRETARY	N/A	Officer Director	$0	$0	$0
STEPHEN HAWORTH	TREASURER	N/A	Officer Director	$0	$0	$0
NEIL SHELTON	VICE PRESIDE	N/A	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	$6,141,889	No data
2023	$4,177,360	$3,149,024	$6,141,889	$1,028,336
2022	$2,995,474	$3,218,843	$5,035,728	$-223,369
2021	$3,777,822	$3,141,146	$2,250,296	$636,676
2020	$1,925,402	$1,653,973	$1,556,744	$271,429
2019	$2,483,176	$1,577,790	$1,293,457	$905,386

FRIENDS OF THE FOLDS OF HONOR FOUNDATION