HONOS FOUNDATION

EIN: 822072305 501(c)(3) Community Improvement

Sioux Falls, SD

Total Revenue
$600,000
Total Expenses
$505,483
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
TX
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

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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%)

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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

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Governance

Voting Members
3
Independent Members
2
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
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
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