Folds of Honor Palmetto State Chapter (EIN 831352637) - 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

Darin MacDonald

Phone

8642705979

Tax Period

2024-01-01 to 2024-12-31

Folds of Honor Palmetto State Chapter, founded in 2018, is a small nonprofit in the Education sector that reported $499K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum.

Mission

To raise funds for the Folds of Honor Foundation which provides financial assistance for education to spouses and children of Americas 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 (2024)

Revenue Breakdown

Contributions & Grants $386,084

Program Service Revenue $0

Investment Income $3,390

Other Revenue $109,277

TOTAL REVENUE $498,751

Expense Breakdown

Grants Paid $417,485

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $468,764

Other Expenses $73,544

TOTAL EXPENSES $491,029

Year-over-Year Comparison

	2024	2023	Change
Revenue	$498,751	$330,571	+0.5%
Expenses	$491,029	$267,156	+0.8%
Net Income	$7,722	$63,415	-0.9%

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

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
Darin MacDonald	Treasurer	1.00	Officer Director	$0	$0	$0
Jeffrey Morris	President	2.00	Officer Director	$0	$0	$0
Timothy Mervosh	Board Member	1.00	Director	$0	$0	$0
Steven Diaz	Board Member	1.00	Director	$0	$0	$0
Thomas Fitzgerald	Board Member	1.00	Director	$0	$0	$0
Drake Bagwell	Board Member	1.00	Director	$0	$0	$0
Eric Timko	Board Member	2.00	Director	$0	$0	$0
Craig Augenstein	Board Member	1.00	Director	$0	$0	$0
Marion Snyder	Board Member	1.00	Director	$0	$0	$0
Meredith Kinsey	Board Member	1.00	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
2025	No data	No data	No data	No data
2024	$498,751	$491,029	$93,919	$7,722
2023	$330,571	$267,156	$86,197	$63,415
2022	$609,073	$635,692	$22,783	$-26,619
2021	$384,574	$406,993	$49,402	$-22,419
2021	$384,574	$406,993	$49,402	$-22,419
2020	$119,807	$119,157	$71,821	$650
2019	$64,138	$967	$71,171	$63,171

Folds of Honor Palmetto State Chapter