BILLY HURLEY III FOUNDATION INC

EIN: 823759587 501(c)(3) Philanthropy & Grantmaking

ANNAPOLIS, MD

Total Revenue
$38,908
Total Expenses
$72,500
Total Assets
$169,275
Net Assets
$169,275
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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
MD
Principal Officer
WILLARD HURLEY III
Phone
4102244920
Tax Period
2023-01-01 to 2023-12-31

BILLY HURLEY III FOUNDATION INC, founded in 2017, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $39K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $72K exceeded revenue, resulting in a 86% operating deficit.

Mission

THE FOUNDATION WAS ESTABLISHED TO SUPPORT, HONOR AND BENEFIT A VITAL GROUP OF UNSUNG HEROES: MILITARY FAMILIES.

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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 $45,250
Program Service Revenue $0
Investment Income $7
Other Revenue $-6,349
TOTAL REVENUE $38,908

Expense Breakdown

Grants Paid $72,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $72,500
Other Expenses $0
TOTAL EXPENSES $72,500

Year-over-Year Comparison

2023 2022 Change
Revenue $38,908 $64,391 -0.4%
Expenses $72,500 $12,500 +4.8%
Net Income $-33,592 $51,891 -1.6%
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
8
Independent Members
8
Employees
N/A
Volunteers
8

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
WILLARD J HURLEY III PRESIDENT 7.00
Officer Director
$0 $0 $0
HEATHER J HURLEY DIRECTOR 7.00
Director
$0 $0 $0
LAWRENCE HEYWORTH IV DIRECTOR 7.00
Director
$0 $0 $0
GARY HENDRICKSON DIRECTOR 7.00
Director
$0 $0 $0
KRISTIN DINI DIRECTOR 7.00
Director
$0 $0 $0
SCOTT SCHUETTER DIRECTOR 7.00
Director
$0 $0 $0
JANA SMOLEY SECRETARY 7.00
Officer
$0 $0 $0
DANIEL HURLEY TREASURER 7.00
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 No data No data No data No data
2023 $38,908 $72,500 $169,275 $-33,592
2022 $64,391 $12,500 $202,867 $51,891
2021 $48,584 No data $151,473 No data
2020 $1,363 $10,000 $102,392 $-8,637
2019 $81,722 $12,500 $111,029 $69,222
2018 $64,965 $27,500 $41,807 $37,465
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