Donors Trust Inc

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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

1999

Legal Domicile

Principal Officer

Lawson R Bader

Phone

7035353563

Tax Period

2023-01-01 to 2023-12-31

Donors Trust Inc, founded in 1999, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $158.3M in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $357.9M exceeded revenue, resulting in a 126% operating deficit.

Mission

Support charities & sponsor programs which alleviate, through education, research & private initiatives, society's most pervasive and radical needs, including those relating to social welfare, health, environment, economics, foreign relations, arts and culture. Encourage private philanthropy and individual giving as opposed to governmental solutions to society's problems.

Program Service Accomplishments

Program 1

Expenses: $352,338,438

DAF Program: A Donor Advised Fund (DAF) program allowing DAF contributors to advise grants that support charities which alleviate, through education, research and private initiatives, society's most pervasive and radical needs, including those relating to social welfare, health, environment, economics, governance, foreign relations and arts and culture; and which encourage private philanthropy and individual giving and responsibility as an answer to society's needs, as opposed to governmental involvement.

Program 2

Expenses: $1,268,250

Fiscal Sponsorship Program: Donors Trust serves as an incubator for organizations with missions that align with that of Donors Trust and that are in the process of applying for tax-exempt status...

Fiscal Sponsorship Program: Donors Trust serves as an incubator for organizations with missions that align with that of Donors Trust and that are in the process of applying for tax-exempt status, thereby allowing these start-up organizations a chance to begin operations while waiting for formal recognition of their non-profit status.

Program 3

Expenses: $71,177

Grants to Foreign NGOs: Donors Trust initiated a program to make grants to foreign NGOs for which Donors Trust receives an equivalency determination that finds had the foreign organization been (1) a U.S. based organization and (2) applied for tax-exempt status the NGO would have received recognition as a 501(c)(3) publicly supported charity.

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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 (2023)

Revenue Breakdown

Contributions & Grants $226,046,613

Program Service Revenue $0

Investment Income $-67,793,665

Other Revenue $0

TOTAL REVENUE $158,252,948

Expense Breakdown

Grants Paid $351,237,082

Salaries & Benefits $2,998,902

Fundraising Expenses $1,735,119

Program Expenses $353,677,865

Other Expenses $3,705,940

TOTAL EXPENSES $357,941,924

Year-over-Year Comparison

	2023	2022	Change
Revenue	$158,252,948	$323,050,038	-0.5%
Expenses	$357,941,924	$248,109,953	+0.4%
Net Income	$-199,688,976	$74,940,085	-3.7%

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

$1,606,491

Total Directors

$465,951

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kimberly O Dennis	Chair	1.00	Officer Director	$0	$0	$0
James Piereson	Vice Chair	1.00	Officer Director	$0	$0	$0
Thomas E Beach	Director	1.00	Director	$0	$0	$0
George GH Coates Jr	Director	1.00	Director	$0	$0	$0
Lawson R Bader	President and CEO	42.00	Officer Director	$393,490	$72,461	$465,951
Jeffrey C Zysik	CFO, COO and Treasurer	42.00	Officer	$305,587	$60,430	$366,017
Peter A Lipsett	Vice President / Secretary	45.00	Officer	$227,897	$54,136	$282,033
Stephen M Johnson	CTO	45.00	Officer	$181,250	$39,742	$220,992
Gregory P Conko	Vice President of Programs	40.00	Officer	$225,392	$46,106	$271,498
Lukas C Dwelly	Philanthropic Advisor	40.00	Highest	$179,667	$40,346	$220,013
Stephanie L Giovanetti	Philanthropic Advisor	40.00	Highest	$156,175	$23,164	$179,339
Christopher D Renner	Controller	40.00	Highest	$161,704	$41,228	$202,932
Elia J Peterson	Assistant Controller	40.00	Highest	$115,569	$25,044	$140,613

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	No data	No data
2023	$158,252,948	$357,941,924	$1,291,166,098	$-199,688,976
2022	$323,050,038	$248,109,953	$1,387,471,760	$74,940,085
2021	$1,094,663,581	$191,858,622	$1,504,903,651	$902,804,959
2020	$360,225,715	$185,809,701	$607,685,575	$174,416,014