HONOS 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

2017

Legal Domicile

Principal Officer

Eric M Burlingame

Phone

4155336326

Tax Period

2022-01-01 to 2022-12-31

HONOS FOUNDATION, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $600K in total revenue in fiscal year 2022. Revenue surged 37400% from the prior year, signaling strong growth momentum. The organization ran a surplus of $95K, a strong 16% operating margin.

Mission

Provide veterans and ex-offenders with access to traumatic brain injury recovery options and solutions and access to career and entrepreneurship development and placement

Program Service Accomplishments

Program 1

Provided grants for the diagnosis and treatment of TBI

Program 2

Expenses: $22,195,307

Worked with leading experts in the fields of traumatic brain injury diagnosis and treatment in the development of diagnostic and treatment options and protocols for veterans and ex-offenders.

Program 3

Expenses: $18,790,637

Incurred operational expenses in the development of TBI diagnostic and treatment program

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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 (2022)

Revenue Breakdown

Contributions & Grants $600,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $600,000

Expense Breakdown

Grants Paid $95,622

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,985,944

Other Expenses $409,861

TOTAL EXPENSES $505,483

Year-over-Year Comparison

	2022	2021	Change
Revenue	$600,000	$1,600	+374.0%
Expenses	$505,483	$1,600	+314.9%
Net Income	$94,517	$0	N/A

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
Eric M Burlingame	Executive Director	20.00	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	$600,000	$505,483	No data	$94,517