DAVIDSON NICELY ASSOCIATE ASSISTANCE FUND

EIN: 814803325 501(c)(3) Philanthropy & Grantmaking

CHEVY CHASE, MD

Total Revenue
$423,351
Total Expenses
$873,423
Total Assets
$49,251,365
Net Assets
$49,156,234
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
DE
Principal Officer
SUHASINI CETLUR
Phone
2405416023
Tax Period
2023-01-01 to 2023-12-31

DAVIDSON NICELY ASSOCIATE ASSISTANCE FUND, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $423K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $873K exceeded revenue, resulting in a 106% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE IMMEDIATE FINANCIAL SUPPORT TO GEICO ASSOCIATES AND THEIR FAMILIES DURING TIMES OF DISASTER AND WHEN SPECIFIC UNEXPECTED EMERGENCY ECONOMIC HARDSHIP EVENTS OCCUR.

Program Service Accomplishments

Program 1
Expenses: $825,527 Revenue: $423,351

THE GRANT PROGRAM WAS CREATED TO PROVIDE EMERGENCY ASSISTANCE AND DISASTER RELIEF TO EMPLOYEES OF GEICO IN CASE OF EMERGENCY OR CATASTROPHIC SITUATION THAT HAS CAUSED TEMPORARY FINANCIAL HARDSHIP NOT...

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THE GRANT PROGRAM WAS CREATED TO PROVIDE EMERGENCY ASSISTANCE AND DISASTER RELIEF TO EMPLOYEES OF GEICO IN CASE OF EMERGENCY OR CATASTROPHIC SITUATION THAT HAS CAUSED TEMPORARY FINANCIAL HARDSHIP NOT ALLEVIATED BY INSURANCE OR OTHER RESOURCES. THIS EVENT MUST BE CAUSED BY A SUDDEN AND UNEXPECTED OCCURRENCE, WHICH CREATES A PRESSING AND NON-RECURRING FINANCIAL NEED FOR AN ASSOCIATE. TO QUALIFY FOR ASSISTANCE THE QUALIFYING EVENT MUST HAVE OCCURRED WITHIN 9 MONTHS OF THE SUBMISSION DATE OF THE APPLICATION AND MUST HAVE BEEN BEYOND THE ASSOCIATE'S CONTROL. QUALIFIED EVENTS FALL INTO THE FOLLOWING CATEGORIES: DISASTERS, SERIOUS ILLNESS OR INJURY, DEATH, MILITARY DEPLOYMENT, DOMESTIC VIOLENCE. THE GRANT ASSISTANCE IS LIMITED TO $25,000 PER ASSOCIATE IN A ROLLING 12-MONTH PERIOD.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $313,234
Program Service Revenue $0
Investment Income $110,117
Other Revenue $0
TOTAL REVENUE $423,351

Expense Breakdown

Grants Paid $825,527
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $825,527
Other Expenses $47,896
TOTAL EXPENSES $873,423

Year-over-Year Comparison

2023 2022 Change
Revenue $423,351 $516,950 -0.2%
Expenses $873,423 $1,016,698 -0.1%
Net Income $-450,072 $-499,748 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
N/A
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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY WOLFE PRESIDENT & CHAIRWOMAN 0.5
Officer Director
$0 $0 $0
MELISSA GALLARO DIRECTOR 0.5
Director
$0 $0 $0
TANGELA RICHTER DIRECTOR 0.5
Director
$0 $0 $0
ALISON FAZIO DIRECTOR 0.5
Director
$0 $0 $0
DAMON BURRELL DIRECTOR 0.5
Director
$0 $0 $0
VICTORIA VRON SECRETARY 0.5
Officer Director
$0 $0 $0
SUHASINI CETLUR TREASURER 0.5
Officer
$0 $0 $0
CHRISTOPHER NOWACK SECRETARY 0.5
$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
2024 No data No data No data No data
2023 $423,351 $873,423 $49,251,365 $-450,072
2022 $516,950 $1,016,698 $43,229,549 $-499,748
2021 $187,532 $664,125 $42,773,468 $-476,593
2020 $685,829 $789,706 $33,658,675 $-103,877
2019 $98,575 $775,745 $33,029,730 $-677,170
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