DRIVE NATION FOUNDATION (EIN 823223989) - 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

2017

Legal Domicile

Principal Officer

JERMAINE O'NEAL

Phone

4154511703

Tax Period

2024-01-01 to 2024-12-31

DRIVE NATION FOUNDATION, founded in 2017, is a small nonprofit in the Recreation & Sports sector that reported $518K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

DRIVE NATION FOUNDATION DEVELOPS, EDUCATES, AND EMPOWERS YOUTH TO BECOME CHAMPIONS BOTH ON AND OFF THE COURT. WE ACHIEVE THIS THROUGH PROGRAMS AND ACTIVITIES THAT ARE BASED ON THE FOUNDATIONS FOUR "PILLARS TO SUCCESS": HEALTHY HABITS; LEADERSHIP & CHARACTER BUILDING; CAREER DEVELOPMENT; AND FINANICAL LITERACY. WITH SPORTS SERVING AS OUR UNIVERSAL LANGUAGE AND POINT OF ENTRY, OUR PROGRAMS ARE SPECIFICALLY DESIGNED TO DRIVE AND EVOLVE THE MINDS AND BODIES OF YOUR NATION'S FUTURE LEADERS.

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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 $490,124

Program Service Revenue $27,557

Investment Income $0

Other Revenue $0

TOTAL REVENUE $517,681

Expense Breakdown

Grants Paid $369,755

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $531,611

Other Expenses $162,016

TOTAL EXPENSES $531,771

Year-over-Year Comparison

	2024	2023	Change
Revenue	$517,681	$399,561	+0.3%
Expenses	$531,771	$342,987	+0.6%
Net Income	$-14,090	$56,574	-1.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MESHA O'NEAL	PRESIDENT	2.00	Director	$0	$0	$0
JERMAINE O'NEAL	DIRECTOR	2.00	Director	$0	$0	$0
DEDDRICK FAISON	BOARD MEMBER	2.00	Officer	$0	$0	$0
MICHAEL HARRIS	BOARD MEMBER	2.00	Officer	$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	$517,681	$531,771	$581	$-14,090
2023	$399,561	$342,987	$7,424	$56,574

DRIVE NATION FOUNDATION