FOLDS OF HONOR EASTERN-PA-NJ-CHAPTER

EIN: 824852655 501(c)(3) Education

CENTER VALLEY, PA

Total Revenue
$631,601
Total Expenses
$654,976
Total Assets
$46,287
Net Assets
$46,287
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
PA
Principal Officer
JOHN BORNEMAN
Phone
6104425718
Tax Period
2023-01-01 to 2023-12-31

FOLDS OF HONOR EASTERN-PA-NJ-CHAPTER, founded in 2018, is a small nonprofit in the Education sector that reported $632K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

THE FOLDS OF HONOR EASTERN PA-NJ CHAPTER'S MISSION IS TO PROVIDE EDUCATIONAL SCHOLARSHIPS FOR THE SPOUSES AND CHILDREN (DEPENDENTS) OF OUR COUNTRY'S FALLEN AND WOUNDED SERVICE MEMBERS. AS A STATE CHAPTER OF THE FOLDS OF HONOR FOUNDATION, THE FOLDS OF HONOR EASTERN PA-NJ CHAPTER IS TO ENGAGE IN ACTIVITIES TO DEVELOP AWARENESS FOR THE ORGANIZATION AND TO PROVIDE FINANCIAL SUPPORT TO THE FOUNDATION.

Program Service Accomplishments

Program 1
Expenses: $510,000

THE EASTERN PA-NJ CHAPTER ENGAGES IN ACTIVITIES TO CREATE AWARENESS AND PROVIDE FINANCIAL SUPPORT FOR THE NATIONAL ORGANIZATION'S HIGHER EDUCATION SCHOLARSHIPS AND CHILDREN'S FUND SCHOLARSHIPS FOR...

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THE EASTERN PA-NJ CHAPTER ENGAGES IN ACTIVITIES TO CREATE AWARENESS AND PROVIDE FINANCIAL SUPPORT FOR THE NATIONAL ORGANIZATION'S HIGHER EDUCATION SCHOLARSHIPS AND CHILDREN'S FUND SCHOLARSHIPS FOR SPOUSES AND DEPENDENTS OF SERVICE MEMBERS WHO WERE KILLED IN ACTION, KILLED IN THE LINE OF DUTY OR SUFFERED THE LOSS OF A LIMB; DIED OF ANY CAUSE WHILE ON ACTIVE DUTY OR AFTER BEING CLASSIFIED AS HAVING A SERVICE-CONNECTED DISABILITY. SCHOLARSHIPS ARE USED TO SUBSIDIZE THE COST OF TUITION, SCHOOL BOOKS, FEES ON CAMPUS ROOM AND BOARD, APPROVED EDUCATIONAL TUTORING, AND OTHER APPROVED EDUCATIONAL EXPENSES.

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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 $595,071
Program Service Revenue $0
Investment Income $577
Other Revenue $35,953
TOTAL REVENUE $631,601

Expense Breakdown

Grants Paid $510,000
Salaries & Benefits $0
Fundraising Expenses $77,418
Program Expenses $510,000
Other Expenses $144,976
TOTAL EXPENSES $654,976

Year-over-Year Comparison

2023 2022 Change
Revenue $631,601 $501,205 +0.3%
Expenses $654,976 $497,431 +0.3%
Net Income $-23,375 $3,774 -7.2%
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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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
40

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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN HATCH BORNEMAN PRESIDENT 15.00
Officer
$0 $0 $0
GEORGE MORRISON CHAPTER ATTORNEY & VP 3.00
Officer
$0 $0 $0
MATT KARDISH TREASURER & DIRECTOR 3.00
Officer
$0 $0 $0
ANDY DONELSON SECRETARY 3.00
Officer
$0 $0 $0
GARY BENDER SPONSORS & PTP DIRECTOR 3.00
Director
$0 $0 $0
NORM CROSS AB RELATIONSHIP DIRECTOR 3.00
Director
$0 $0 $0
KEVIN EDWARDS GOLF LIAISON & DIRECTOR 3.00
Director
$0 $0 $0
MICHELE DALY DIRECTOR 3.00
Director
$0 $0 $0
GEORGE DOYLE DIRECTOR 3.00
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
2024 No data No data No data No data
2023 $631,601 $654,976 $46,287 $-23,375
2022 $501,205 $497,431 $69,662 $3,774
2021 $379,638 $389,406 $65,888 $-9,768
2020 $181,812 $224,064 $75,520 $-42,252
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