FOLDS OF HONOR EASTERN-PA-NJ-CHAPTER (EIN 824852655) - 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

2018

Legal Domicile

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

TO RAISE FUNDS FOR THE FOLDS OF HONOR FOUNDATION WHICH PROVIDES EDUCATIONAL SCHOLARSHIPS FOR THE SPOUSES AND DEPENDENTS OF AMERICA'S FALLEN AND DISABLED SERVICE MEMBERS.

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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 $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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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
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

FOLDS OF HONOR EASTERN-PA-NJ-CHAPTER