HARGRAVE FOUNDATION

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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

1990

Principal Officer

WILLIAM RIDDLE

Phone

8044322481

Tax Period

2025-01-01 to 2025-12-31

HARGRAVE FOUNDATION, founded in 1990, is a small nonprofit that reported $392K in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $470K exceeded revenue, resulting in a 20% operating deficit.

Mission

STUDENT AID AND SCHOLARSHIPS

Program Service Accomplishments

Program 1

Expenses: $465,137

THE FUNDS, UNLESS DESIGNATED AS CURRENT PAYMENT TO HARGRAVE MILITARY ACADEMY, WILL BE HELD AS ENDOWMENT AS QUASI ENDOWMENT AND THE INVESTMENT INCOME WILL BE USED FOR STUDENT AID AND SCHOLARSHIPS

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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 (2025)

Revenue Breakdown

Contributions & Grants $191,200

Program Service Revenue $0

Investment Income $200,867

Other Revenue $0

TOTAL REVENUE $392,067

Expense Breakdown

Grants Paid $455,822

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $465,137

Other Expenses $14,141

TOTAL EXPENSES $469,963

Year-over-Year Comparison

	2025	2024	Change
Revenue	$392,067	$339,115	+0.2%
Expenses	$469,963	$729,110	-0.4%
Net Income	$-77,896	$-389,995	-0.8%

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
BEN J DAVENPORT	DIRECTOR	N/A	Director	$0	$0	$0
LEWIS WALL	PRESIDENT	N/A	Officer Director	$0	$0	$0
WILLIAM RIDDLE	SEC TREAS	N/A	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
2025	$392,067	$469,963	$1,204,839	$-77,896
2024	$339,115	$729,110	$1,366,191	$-389,995
2023	$297,161	$595,088	$1,756,186	$-297,927
2022	$-231,013	$142,470	$2,054,113	$-373,483
2021	$489,641	$279,778	$2,427,595	$209,863
2020	$15,699	$1,037,592	$2,217,732	$-1,021,893
2019	$772,252	$248,367	$3,239,625	$523,885
2018	$402,229	$248,761	$2,715,740	$153,468