FOLDS OF HONOR FOUNDATION (EIN 753240683) - 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

2007

Legal Domicile

Principal Officer

LT COLONEL DAN ROONEY

Phone

9182744700

Tax Period

2024-01-01 to 2024-12-31

FOLDS OF HONOR FOUNDATION, founded in 2007, is a mid-sized nonprofit in the Education sector that reported $65.5M in total revenue in fiscal year 2024. Expenses of $62.7M left a modest 4% surplus.

Mission

TO PROVIDE EDUCATIONAL SCHOLARSHIPS FOR QUALIFYING SPOUSES AND/OR DEPENDENT CHILDREN OF MILITARY SERVICE MEN AND WOMEN AND FIRST RESPONDERS KILLED OR DISABLED WHILE SERVING AND DEFENDING OUR GREAT NATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $63,347,690

Program Service Revenue $0

Investment Income $2,242,317

Other Revenue $-119,544

TOTAL REVENUE $65,470,463

Expense Breakdown

Grants Paid $41,565,143

Salaries & Benefits $8,886,614

Fundraising Expenses $2,972,043

Program Expenses $57,006,620

Other Expenses $12,266,665

TOTAL EXPENSES $62,718,422

Year-over-Year Comparison

	2024	2023	Change
Revenue	$65,470,463	$63,841,969	+0.0%
Expenses	$62,718,422	$51,688,520	+0.2%
Net Income	$2,752,041	$12,153,449	-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

105

Volunteers

216

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

$1,608,541

Total Directors

$510,452

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LT COLONEL DAN ROONEY	CEO & FOUNDER	40.00	Officer Director	$475,455	$34,997	$510,452
DAVE NORTH	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
BRIAN WHITCOMB	SECRETARY/NOMINATING CHAIR	3.00	Officer Director	$0	$0	$0
MIKE ARBOUR	BOARD MEMBER	3.00	Director	$0	$0	$0
JEFF BABINEAU	BOARD MEMBER	3.00	Director	$0	$0	$0
STEVEN HAWORTH	BOARD MEMBER	3.00	Director	$0	$0	$0
RYAN LEWELLYN	BOARD MEMBER	3.00	Director	$0	$0	$0
NANCY LOPEZ	BOARD MEMBER	3.00	Director	$0	$0	$0
SCOTT MUELLER	BOARD MEMBER	3.00	Director	$0	$0	$0
LARRY PFEIFFER	BOARD MEMBER	3.00	Director	$0	$0	$0
JOHNNY POWERS	BOARD MEMBER	3.00	Director	$0	$0	$0
JACQUELINE ROONEY	BOARD MEMBER	3.00	Director	$0	$0	$0
DR JOHN ROONEY	BOARD MEMBER	3.00	Director	$0	$0	$0
CHRIS WILLIAMS	BOARD MEMBER	3.00	Director	$0	$0	$0
TERRY WILLIAMS	BOARD MEMBER	3.00	Director	$0	$0	$0
NICK NICHOLS	PRESIDENT	40.00	Officer	$274,949	$26,753	$301,702
RAY POUDRIER	CFO	40.00	Officer	$159,119	$33,262	$192,381
BEN LESLIE	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$286,216	$37,012	$323,228
LARRY ROBINSON	CHIEF IMPACT OFFICER	40.00	Officer	$244,336	$36,442	$280,778
GLENN GREENSPAN	DIRECTOR OF PUBLIC RELATIONS	40.00	Highest	$135,666	$35,815	$171,481
MELANIE K BARDIN-MORROW	VP OF OPERATIONS	40.00	Highest	$138,876	$40,606	$179,482
RODNEY SICKMANN	SR VP OF CORP ACCT	40.00	Highest	$187,805	$33,577	$221,382
SARA BUSH	SENIOR DIRECTOR OF GOLF	40.00	Highest	$138,953	$39,534	$178,487
REBECCA COTTRELL	VP OF MARKETING	40.00	Highest	$120,932	$40,152	$161,084

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	$65,470,463	$62,718,422	$109,069,688	$2,752,041
2023	$63,841,969	$51,688,520	$105,388,221	$12,153,449
2022	$55,642,990	$46,972,258	$87,120,626	$8,670,732
2021	$51,158,137	$33,969,853	$73,033,715	$17,188,284
2020	$37,411,690	$28,742,605	$48,862,139	$8,669,085
2019	$35,069,571	$24,549,617	$41,496,676	$10,519,954
2018	$31,771,298	$23,779,564	$29,567,680	$7,991,734

FOLDS OF HONOR FOUNDATION