DURANT FAMILY CHARITABLE FOUNDATIO… - 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

2013

Legal Domicile

Principal Officer

Wanda Durant

Phone

2123078000

Tax Period

2024-01-01 to 2024-12-31

DURANT FAMILY CHARITABLE FOUNDATION C/O GELFANDRENNERT & FELDMAN LLC, founded in 2013, is a community nonprofit in the Youth Development sector that reported $2.5M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring.

Mission

TO ENRICH THE LIVES OF AT-RISK YOUTH FROM AGES 6 TO 18 THROUGH EDUCTIONAL, ATHELTIC AND SOCIAL PROGRAM SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $1,355,320

THE DURANT FAMILY CHARITABLE FOUNDATION PARTNERS WITH AND FUNDS COLLEGE TRACK, A RENOWNED COLLEGE COMPLETION PROGRAM THAT EMPOWERS STUDENTS FOUNDATION FROM UNDERSERVED COMMUNITIES TO GRADUATE FROM...

THE DURANT FAMILY CHARITABLE FOUNDATION PARTNERS WITH AND FUNDS COLLEGE TRACK, A RENOWNED COLLEGE COMPLETION PROGRAM THAT EMPOWERS STUDENTS FOUNDATION FROM UNDERSERVED COMMUNITIES TO GRADUATE FROM COLLEGE. COLLEGE TRACK ENABLES STUDENTS TO GRADUATE FROM COLLEGE THROUGH THE USE OF THE DURANT CENTER, A NEW STATE OF THE ART EDUCATIONAL FACILITY IN SUITLAND, MD. COLLEGE TRACK PROGRAM STUDENTS GRADUATE FROM COLLEGE AT A RATE THAT IS MORE THAN DOUBLE THE NATIONAL AVERAGE FOR LOW-INCOME AND FIRST GENERATION STUDENTS.

Program 2

Expenses: $1,039,883 Revenue: $29,000

TEAM DURANT YOUTH BASKETBALL: CREATED TO ENCOURAGE AND PROMOTE HIGH LEVEL YOUTH DEVELOPMENT BY PROVIDING EDUCATIONAL, ATHLETIC, AND PERSONAL GROWTH. TEAM DURANT FUNDS 18 BOYS AND GIRLS TEAMS.

Program 3

Expenses: $13,348

BUILD IT AND THEY WILL BALL: AN ANNUAL PROGRAM THAT WORKS TO BUILD OR RENOVATE BASKETBALL COURTS AND MAKE THEM ACCESSIBLE TO UNDERPRIVILEGED YOUTH ACROSS THE UNITED STATES AND INTERNATIONALLY.

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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 $2,457,934

Program Service Revenue $42,150

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,500,084

Expense Breakdown

Grants Paid $1,355,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,446,976

Other Expenses $1,325,851

TOTAL EXPENSES $2,680,851

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,500,084	$3,361,614	-0.3%
Expenses	$2,680,851	$3,282,543	-0.2%
Net Income	$-180,767	$79,071	-3.3%

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	Role	Reportable Comp	Other Comp	Total
Kevin Durant	President	Officer Director	$0	$0	$0
Richard Kleiman	Officer	Officer Director	$0	$0	$0
Howard Hujsa	Officer	Officer Director	$0	$0	$0
Jose Mena	Officer	Officer	$0	$0	$0
Wanda Durant	Vice President	Officer	$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	$2,500,084	$2,680,851	$646,991	$-180,767
2023	$3,361,614	$3,282,543	$835,130	$79,071
2022	No data	No data	No data	No data
2020	$3,886,651	$3,971,247	$44,007	$-84,596
2019	$1,705,980	$2,945,316	$119,747	$-1,239,336
2018	$3,110,505	$2,092,163	$1,642,328	$1,018,342

DURANT FAMILY CHARITABLE FOUNDATION C/O GELFANDRENNERT & FELDMAN LLC