BULLARD FAMILY 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

2018

Legal Domicile

Principal Officer

THADDEUS BULLARD

Phone

8337784887

Tax Period

2023-05-01 to 2024-04-30

BULLARD FAMILY FOUNDATION INC, founded in 2018, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 184% from the prior year, signaling strong growth momentum. The organization ran a surplus of $526K, a strong 22% operating margin.

Mission

TO PROVIDE FAMILIES AND CHILDREN EVERYWHERE WITH MOMENTS, PROGRAMS, AND RESOURCES TO HELP BUILD CHARACTER AND IMPROVE OUTCOMES IN OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $172,101 Revenue: $137,000

THE JOY OF GIVING PROGRAM WAS INSPIRED BY THE LATE PASTOR GREG POWE, SR. JOY OF GIVING WAS STARTED IN 2009 AS A WAY TO SPREAD JOY TO ALL CHILDREN IN OUR MOST STRUGGLING COMMUNITIES. WITH PASTOR...

THE JOY OF GIVING PROGRAM WAS INSPIRED BY THE LATE PASTOR GREG POWE, SR. JOY OF GIVING WAS STARTED IN 2009 AS A WAY TO SPREAD JOY TO ALL CHILDREN IN OUR MOST STRUGGLING COMMUNITIES. WITH PASTOR POWE'S BLESSING, THADDEUS BULLARD, AKA WWE SUPERSTAR TITUS O'NEIL, GREW THE EVENT TO WHAT IT IS TODAY: A MOVEMENT TO INSPIRE COMPANIES TO GIVE BACK TO THEIR COMMUNITIES; AN EFFORT TO CONNECT FAMILIES WITH IMPORTANT NONPROFIT SUPPORT SERVICES; AND A GIFT-GIVING CELEBRATION THAT PROVIDES MOMENTS THAT CHANGE LIVES.

Program 2

Expenses: $489,526 Revenue: $555,644

THE BACK TO SCHOOL BASH WAS FOUNDED BY THADDEUS BULLARD, AKA WWE SUPERSTAR TITUS O'NEIL. PARTNERSHIPS BETWEEN THE BULLARD FAMILY FOUNDATION, TAMPA BAY BUCCANEERS, ADVENT HEALTH, THE HILLSBOROUGH...

THE BACK TO SCHOOL BASH WAS FOUNDED BY THADDEUS BULLARD, AKA WWE SUPERSTAR TITUS O'NEIL. PARTNERSHIPS BETWEEN THE BULLARD FAMILY FOUNDATION, TAMPA BAY BUCCANEERS, ADVENT HEALTH, THE HILLSBOROUGH COUNTY SCHOOL DISTRICT, AND MORE THAN 60 COMPANIES AND NONPROFIT AGENCIES ENSURE CHILDREN START THE SCHOOL YEAR PREPARED. THE EVENT PROVIDES CHILDREN IN OUR MOST STRUGGLING COMMUNITIES WITH SERVICES LIKE HAIRCUTS, PHYSICALS AND EYE EXAMS AND PROVIDES BACKPACKS FILLED WITH SCHOOL SUPPLIES. DURING THE EVENT'S INAUGURAL YEAR (2018) IT DREW 30,000 PEOPLE SUPPLYING MORE THAN 15,000 CHILDREN RECEIVED FREE BACKPACKS WITH SCHOOL SUPPLIES. THE EVENT HAS CONTINUED TO GROW EACH YEAR SINCE ITS INCEPTION IN 2018.

Program 3

Expenses: $914,879 Revenue: $1,067,248

PROVIDING SUPPORT TO LOCAL SCHOOLS LIKE SLIGH MIDDLE MAGNET SCHOOL, EDUCATION YOUTH PROGRAMS, AND HILLSBOROUGH COUNTY SCHOOL DISTRICT.

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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 $590,566

Program Service Revenue $1,760,357

Investment Income $15,392

Other Revenue $0

TOTAL REVENUE $2,366,315

Expense Breakdown

Grants Paid $58,638

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,701,710

Other Expenses $1,781,269

TOTAL EXPENSES $1,839,907

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,366,315	$833,518	+1.8%
Expenses	$1,839,907	$1,014,088	+0.8%
Net Income	$526,408	$-180,570	-3.9%

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

1200

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
PHUONG NGUYEN	EXECUTIVE DI	40.00	Director	$0	$0	$0
DANIEL ABOU-JAOUDE	OFFICER	2.50	Officer	$0	$0	$0
SHY AVERETT	VICE CHAIR	5.00	Officer	$0	$0	$0
ALLEN BRINKMAN	OFFICER	2.50	Officer	$0	$0	$0
THADDEUS BULLARD	CHAIR & FOUN	40.00	Officer	$0	$0	$0
ROBERT ELDER	OFFICER	2.50	Officer	$0	$0	$0
CHRIS FARKAS	OFFICER	2.50	Officer	$0	$0	$0
LENNISE GERMANY	OFFICER	2.50	Officer	$0	$0	$0
RHETT JONES	OFFICER	2.50	Officer	$0	$0	$0
STUART LASHER	OFFICER	2.50	Officer	$0	$0	$0
GEORGE LUTICH	TREASURER	5.00	Officer	$0	$0	$0
TIM MARKS	OFFICER	2.50	Officer	$0	$0	$0
YOHANCE PETTIS	SECRETARY	5.00	Officer	$0	$0	$0
JACK SHIELDS	OFFICER	2.50	Officer	$0	$0	$0
MARIO TORRES	BOARD ATTORN	5.00	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
2025	No data	No data	No data	No data
2024	$2,366,315	$1,839,907	$993,604	$526,408
2023	$833,518	$1,014,088	$475,530	$-180,570
2022	$1,036,044	$945,167	$664,433	$90,877
2021	$914,117	$645,874	$556,889	$268,243
2020	$1,642,642	$1,450,550	$335,736	$192,092
2019	$510,152	$413,598	$99,054	$96,554