Damar Foundation Inc (EIN 464444224) - Form 990 Financial Analysis & Trantor Score

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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

Phone

3178565201

Tax Period

2024-07-01 to 2025-06-30

Damar Foundation Inc, founded in 2013, is a mid-sized nonprofit in the Human Services sector that reported $10.2M in total revenue in fiscal year 2024. Revenue surged 199% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.0M, a strong 69% operating margin.

Mission

The Damar Foundation, Inc. was organized to exclusively benefit, perform and carry out the charitable, educational, and other exempt purposes of Damar Services.

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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 $3,417,685

Program Service Revenue $1,621,031

Investment Income $5,099,177

Other Revenue $23,721

TOTAL REVENUE $10,161,614

Expense Breakdown

Grants Paid $390,430

Salaries & Benefits $583,213

Fundraising Expenses $603,643

Program Expenses $1,708,669

Other Expenses $2,227,009

TOTAL EXPENSES $3,200,652

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,161,614	$3,393,389	+2.0%
Expenses	$3,200,652	$2,007,164	+0.6%
Net Income	$6,960,962	$1,386,225	+4.0%

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

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

$306,761

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bob Kort	Chair	2.0	Officer Director	$0	$0	$0
Adam Cook	Director (Start 8/2/23)	1.0	Director	$0	$0	$0
Ali Fell	Director	1.0	Director	$0	$0	$0
Chris Wilkes	Director	1.0	Director	$0	$0	$0
Gary Harris	Director	1.0	Director	$0	$0	$0
Greg Keele	Director	1.0	Director	$0	$0	$0
Happy Dhani	Director	1.0	Director	$0	$0	$0
Lisa Grimes	Director	1.0	Director	$0	$0	$0
Mary Beth Oakes	Director	1.0	Director	$0	$0	$0
Shawn Collinsworth	President	40.0	Officer	$213,461	$39,935	$306,761

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	$10,161,614	$3,200,652	$78,502,791	$6,960,962
2024	$3,393,389	$2,007,164	$63,519,831	$1,386,225
2023	$4,510,159	$2,285,217	$59,592,245	$2,224,942
2022	$4,342,895	$2,355,021	$56,354,966	$1,987,874
2021	$4,890,477	$2,710,494	$59,448,355	$2,179,983
2020	$3,850,750	$2,465,948	$54,455,329	$1,384,802
2019	$7,697,170	$2,247,142	$48,444,856	$5,450,028
2018	$13,152,493	$2,168,090	$43,356,221	$10,984,403

Damar Foundation Inc