DOUBLE TAP FOUNDATION

EIN: 825244247 501(c)(3)

LAS VEGS, NV

Total Revenue
$3,804
Total Expenses
$93,657
Total Assets
N/A
Net Assets
N/A
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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
NV
Principal Officer
R DAVID GROOVER
Phone
7024744500
Tax Period
2019-01-01 to 2019-12-31

DOUBLE TAP FOUNDATION, founded in 2018, is a micro nonprofit that reported $4K in total revenue in fiscal year 2019. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $94K exceeded revenue, resulting in a 2362% operating deficit.

Mission

PROVIDE ASSISTANCE TO DISABLED AND FINANCIALLY DISTRESSED MILITARY VETERANS WHO HAVE SERVED IN THE ARMED FORCES AND THEIR FAMILIES IN A CHARITABLE MANNER.

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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 (2019)

Revenue Breakdown

Contributions & Grants $3,804
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,804

Expense Breakdown

Grants Paid $0
Salaries & Benefits $59,598
Fundraising Expenses $0
Program Expenses $87,188
Other Expenses $34,059
TOTAL EXPENSES $93,657

Year-over-Year Comparison

2019 2018 Change
Revenue $3,804 $211,500 -1.0%
Expenses $93,657 $121,647 -0.2%
Net Income $-89,853 $89,853 -2.0%
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
3
Independent Members
3
Employees
2
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
R DAVID GROOVER TREASURER 2.00
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
2019 $3,804 $93,657 No data $-89,853
2018 $211,500 $121,647 $96,623 $89,853
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