GENERAL DOUGLAS MACARTHUR FOUNDATION (EIN 546037884) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1962

Legal Domicile

Principal Officer

JOSEPH REYNES

Phone

7574412965

Tax Period

2024-07-01 to 2025-06-30

GENERAL DOUGLAS MACARTHUR FOUNDATION, founded in 1962, is a small nonprofit in the Arts, Culture & Humanities sector that reported $453K in total revenue in fiscal year 2017. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $548K exceeded revenue, resulting in a 21% operating deficit.

Mission

THE GENERAL DOUGLAS MACARTHUR FOUNDATION WAS ESTABLISHED TO COMMEMORATE THE LIFE AND ACHIEVEMENTS OF GENERAL DOUGLAS MACARTHUR, PARTICULARLY AS THEY RELATE TO HIS CREDO "DUTY, HONOR, COUNTRY AND ITS RELEVANCE TO FUTURE GENERATIONS OF AMERICANS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $126,667

Program Service Revenue $13,368

Investment Income $239,936

Other Revenue $-9,891

TOTAL REVENUE $370,080

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,374

Fundraising Expenses $60,165

Program Expenses $329,842

Other Expenses $414,916

TOTAL EXPENSES $490,290

Year-over-Year Comparison

	2024	2023	Change
Revenue	$370,080	$557,215	-0.3%
Expenses	$490,290	$459,381	+0.1%
Net Income	$-120,210	$97,834	-2.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK W HERMAN	GENERAL COUNSEL	0.20	Officer Director	$0	$0	$0
HENRY U HARRIS III	TREASURER	0.20	Officer Director	$0	$0	$0
ROY B MARTIN III	DIRECTOR	0.20	Director	$0	$0	$0
ROBERT E GARRIS	IMMEDIATE PAST CHAIR	0.20	Officer Director	$0	$0	$0
JAMES WOFFORD	DIRECTOR	0.20	Director	$0	$0	$0
DR TONY ATWATER	DIRECTOR	0.20	Director	$0	$0	$0
RICHARD DIAMONSTEIN	DIRECTOR	0.20	Director	$0	$0	$0
TIMOTHY J LOCKHART	VICE CHAIR	0.20	Officer Director	$0	$0	$0
RON ROMULO	DIRECTOR	0.20	Director	$0	$0	$0
GARY D BONNEWELL	CHAIRMAN	0.20	Officer Director	$0	$0	$0
PETER T UNDERWOOD	DIRECTOR	0.20	Director	$0	$0	$0
KEITH NAUMANN	DIRECTOR	0.20	Director	$0	$0	$0
NANCY DEAL CHANDLER	DIRECTOR	0.20	Director	$0	$0	$0
JOSEPH REYNES	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$0
TED DEY	DIRECTOR	0.20	Director	$0	$0	$0
THOMAS DICKSON	DIRECTOR	0.20	Director	$0	$0	$0
COURTNEY DOYLE	DIRECTOR	0.20	Director	$0	$0	$0
TIM FAULKNER	DIRECTOR	0.20	Director	$0	$0	$0
KEVIN KEARNEY	DIRECTOR	0.20	Director	$0	$0	$0
FREDERICK W KIRSCHBAUM	DIRECTOR	0.20	Director	$0	$0	$0
MIKE MCCLELLAN	DIRECTOR	0.20	Director	$0	$0	$0
ANDREW S MCKINLEY	DIRECTOR	0.20	Director	$0	$0	$0
JENNIFER F MINKS	DIRECTOR	0.20	Director	$0	$0	$0
JUAN M MONTERO II	DIRECTOR	0.20	Director	$0	$0	$0
COLONEL WILLIAM J DAVIS	EXECUTIVE DIRECTOR (RETIRED)	25.00		$10,370	$16,500	$26,870

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	$370,080	$490,290	$11,971,726	$-120,210
2024	$557,215	$459,381	$11,580,591	$97,834
2023	$423,314	$325,241	$10,964,668	$98,073
2022	$521,959	$311,963	$10,416,898	$209,996
2021	$591,569	$240,572	$11,284,143	$350,997
2020	$345,835	$385,687	$10,063,617	$-39,852
2019	$175,418	$514,333	$10,403,900	$-338,915
2018	$453,288	$547,842	$10,742,364	$-94,554

GENERAL DOUGLAS MACARTHUR FOUNDATION