THE HOME OF THE BRAVE FOUNDATION

EIN: 510338521 501(c)(3)

MILFORD, DE

Total Revenue
$1,016,599
Total Expenses
$711,356
Total Assets
$1,694,901
Net Assets
$1,559,713
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
DE
Principal Officer
GREGORY FULLER SR
Phone
3024241681
Tax Period
2024-01-01 to 2024-12-31

THE HOME OF THE BRAVE FOUNDATION, founded in 1994, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $305K, a strong 30% operating margin.

Mission

THE HOME OF THE BRAVE FOUNDATION WAS ESTABLISHED TO FURNISH FOOD, SHELTER AND COUNSELING TOVETERANS OF THE ARMED FORCES OF THE USA WITHOUT REGARD TO SEX, RACE, COLOR OR CREED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,009,840
Program Service Revenue $0
Investment Income $6,759
Other Revenue $0
TOTAL REVENUE $1,016,599

Expense Breakdown

Grants Paid $0
Salaries & Benefits $524,336
Fundraising Expenses $8,504
Program Expenses $626,319
Other Expenses $187,020
TOTAL EXPENSES $711,356

Year-over-Year Comparison

2024 2023 Change
Revenue $1,016,599 $707,401 +0.4%
Expenses $711,356 $861,130 -0.2%
Net Income $305,243 $-153,729 -3.0%
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

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Governance

Voting Members
10
Independent Members
10
Employees
26
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
4
$34,545
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY FULLER SR CHAIR 1.00
Officer Director
$0 $0 $0
TONI BERGFELDER VICE CHAIR 1.00
Officer Director
$0 $0 $0
ANGELA SHOWELL TREASURER 1.00
Officer Director
$0 $0 $0
LIZA ORLAND SECRETARY 1.00
Director
$0 $0 $0
GEORGETTE STAFFORD BOARD MEMBER 1.00
Director
$0 $0 $0
DALLAS WINGATE BOARD MEMBER 1.00
Director
$0 $0 $0
HENRY BERGFELDER BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES HOOPER BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE SPILLANE BOARD MEMBER 1.00
Director
$0 $0 $0
ESTHER FULLER BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM BROWN EXECUTIVE DIRECTOR 40.00
Officer
$34,545 $0 $34,545
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 $1,016,599 $711,356 $1,694,901 $305,243
2021 $1,291,010 $722,994 $1,499,307 $568,016
2020 $774,745 $680,975 $945,786 $93,770
2019 $591,800 $730,401 $869,528 $-138,601
2018 $786,265 $679,342 $1,018,740 $106,923
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