THE DAVID H GARRETT FOUNDATION (EIN 570685683) - 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

1977

Legal Domicile

Principal Officer

CHRIS GARRETT

Phone

8642353108

Tax Period

2021-06-01 to 2022-05-31

THE DAVID H GARRETT FOUNDATION, founded in 1977, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $198K in total revenue in fiscal year 2021. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $58K, a strong 29% operating margin.

Mission

THE DAVID H. GARRETT FOUNDATION IS A SUPPORTING ORGANIZATION UNDER IRC SEC 509(A)(3). ALL GRANTS ARE MADE TO THE FOUNTAIN INN PRESBYTERIAN CHURCH, ITS SUPPORTED ORGANIZATION.

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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 (2021)

Revenue Breakdown

Contributions & Grants $102,332

Program Service Revenue $0

Investment Income $95,495

Other Revenue $350

TOTAL REVENUE $198,177

Expense Breakdown

Grants Paid $119,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $119,000

Other Expenses $20,932

TOTAL EXPENSES $139,932

Year-over-Year Comparison

	2021	2020	Change
Revenue	$198,177	$272,059	-0.3%
Expenses	$139,932	$38,515	+2.6%
Net Income	$58,245	$233,544	-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

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

$55,334

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV WHITNEY MOSS	Trustee	1.0	Director	$0	$9,180	$55,334
KATE TUMBLIN	TRUSTEE	1.0	Director	$0	$0	$0
DANIEL ELMORE	TRUSTEE	1.0	Director	$0	$0	$0
KERRI MCDANNALD	TRUSTEE	1.0	Director	$0	$0	$0
CHRIS GARRETT	TRUSTEE	1.0	Director	$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
2022	$198,177	$139,932	$3,864,708	$58,245
2021	$272,059	$38,515	$3,698,779	$233,544
2020	$142,646	$236,078	$3,025,176	$-93,432
2019	$260,682	$138,317	$3,216,586	$122,365

THE DAVID H GARRETT FOUNDATION