TD Ameritrade Charitable Fund 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

2019

Legal Domicile

Principal Officer

WILLIAM T YATES

Phone

4029707207

Tax Period

2019-07-01 to 2020-06-30

TD Ameritrade Charitable Fund Inc, founded in 2019, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2019. The organization ran a surplus of $1.9M, a strong 56% operating margin.

Mission

TO RECEIVE CHARITABLE CONTRIBUTIONS AND MAKE GRANTS EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERACY, OR EDUCATIONAL PURPOSES.

Program Service Accomplishments

Program 1

Expenses: $1,500,000 Revenue: $0

TD Ameritrade Charitable Fund (the "Corporation") was formed to encourage philanthropy among both individuals and entities, including individuals and entities that are customers/clients of TD...

TD Ameritrade Charitable Fund (the "Corporation") was formed to encourage philanthropy among both individuals and entities, including individuals and entities that are customers/clients of TD Ameritrade Holding Corporation ("TD Ameritrade"). TD Ameritrade is a leading provider of securities brokerage services and related technology-based financial services to retail clients and independent registered investment advisors. In November 2019, The Charles Schwab Corporation ("Charles Schwab") announced its intent to acquire TD Ameritrade. At the time of the announcement, the Corporation was in the process of finalizing and adopting policies, procedures and platforms to serve as a sponsoring organization within the meaning of section 4966(d)(1) of the code and receive charitable contributions from donors, including both individuals and institutions; and to make grants to public charities, private operating foundations, and other organizations described in section 170(b)(1)(a) of the code. As a result of the Charles Schwab announcement to acquire TD Ameritrade, the Corporation suspended further efforts to go fully operational, and remains in such status at this time.

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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 (2019)

Revenue Breakdown

Contributions & Grants $3,400,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,400,000

Expense Breakdown

Grants Paid $1,500,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,500,000

Other Expenses $2,384

TOTAL EXPENSES $1,502,384

Year-over-Year Comparison

	2019	2018	Change
Revenue	$3,400,000	N/A	N/A
Expenses	$1,502,384	N/A	N/A
Net Income	$1,897,616	$0	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN J BOYLE	DIRECTOR	0.5	Director	$0	$0	$0
PETER DESILVA	DIRECTOR	0.5	Director	$0	$0	$0
DENISE C KARKOS THRU	DIRECTOR	0.5	Director	$0	$0	$0
THOMAS A NALLY	DIRECTOR	0.5	Director	$0	$0	$0
JAMES C DARIO III	PRESIDENT	3.0	Officer	$0	$0	$0
SUSAN BOUDROT	SECRETARY	3.0	Officer	$0	$0	$0
WILLIAM T YATES	TREASURUER	3.0	Officer	$0	$0	$0
KIMBERLY A HILLYER	VP, COMMUNICATION	3.0	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
2020	$3,400,000	$1,502,384	$1,897,616	$1,897,616