BILLY HURLEY III FOUNDATION INC

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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

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 PRIMARY GOAL OF THE CHARITY IS TO SUPPORT, HONOR AND BENEFIT A VITAL GROUP OF UNSUNG HEROES: MILITARY FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $72,500 Revenue: $45,250

PROVIDE FUNDS FOR THE BENEFITS OF FAMILIES OF VETERANS AND CURRENT ACTIVE MILITARY MEMBERS. HOSTED 18 ACTIVE DUTY SERVICEMEN CHOSEN FROM NAVY GOLF COURSES ACROSS THE COUNTRY TO PLAY IN A GOLF...

PROVIDE FUNDS FOR THE BENEFITS OF FAMILIES OF VETERANS AND CURRENT ACTIVE MILITARY MEMBERS. HOSTED 18 ACTIVE DUTY SERVICEMEN CHOSEN FROM NAVY GOLF COURSES ACROSS THE COUNTRY TO PLAY IN A GOLF TOURNAMENT AT THE US NAVAL ACADEMY GOLF COURSE. HELD THE THIRD ANNUAL BILLY HURLEY III JUNIOR GOLF CHAMPIONSHIP.

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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 (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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
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