ARMOUR INC

EIN: 824343272 501(c)(3) Human Services

BALTIMORE, MD

Total Revenue
$216,900
Total Expenses
$211,044
Total Assets
$20,155
Net Assets
$-16,109
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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
2018
Legal Domicile
MD
Principal Officer
JOSEPH BOYD
Phone
4438278403
Tax Period
2023-07-01 to 2024-06-30

ARMOUR INC, founded in 2018, is a small nonprofit in the Human Services sector that reported $217K in total revenue in fiscal year 2023.

Mission

ARMOUR IS A RESULTS ORIENTED CONSULTING ORGANIZATION SPECIALIZING IN ANALYZING AND MANAGING THE EFFICACY OF FISCAL, ADMIN., AND INFO. SYSTEMS FOR FINANCIAL PROGRAM AND DATA GATHERING COMPLIANCE.

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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 $0
Program Service Revenue $216,900
Investment Income $0
Other Revenue $0
TOTAL REVENUE $216,900

Expense Breakdown

Grants Paid $0
Salaries & Benefits $201,548
Fundraising Expenses $0
Program Expenses $211,044
Other Expenses $9,496
TOTAL EXPENSES $211,044

Year-over-Year Comparison

2023 2022 Change
Revenue $216,900 N/A N/A
Expenses $211,044 N/A N/A
Net Income $5,856 N/A 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
5
Independent Members
4
Employees
3
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
3
$0
Total Directors
2
$156,000
Key Employees
1
$156,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH BOYD EXECUTIVE DIRECTOR 040.00
Director Key Emp
$156,000 $0 $156,000
ANDRE WOOD MEMBER 001.00
Director
$0 $0 $0
YVETTE LARKIN SECRETARY 001.00
Officer
$0 $0 $0
J ANGELO CHRISTOPHER PRESIDENT 001.00
Officer
$0 $0 $0
TIA TUCJER TREASURER 001.00
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 $216,900 $211,044 $20,155 $5,856
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