THE DRAKE GIVES

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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

ALEC GLASSER

Phone

9494667612

Tax Period

2025-01-01 to 2025-12-31

THE DRAKE GIVES, founded in 2019, is a small nonprofit in the Animal-Related sector that reported $682K in total revenue in fiscal year 2025. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 69% operating deficit.

Mission

PROVIDE UNDERSERVED YOUTH WITH MUSIC EDUCATION, MATERIALS AND INSTRUMENTS

Program Service Accomplishments

Program 1

Expenses: $1,035,791 Revenue: $0

SWEET PEAS LOVE FOUNDATION $750 UCI SCHOOL OF SOCIAL ECOLOGY $850,000 THE DRAKE GIVES $3840.67 BREAKTHROUGH T 1 D $5,000 SAVE THE MUSIC $175,000 OCCF $200 BIG BROTHERS BIG SISTERS OF VENTURA COUNTY $1,000 AOKI FOUNDATION $1,050 MATTHEW YUN $500 OC-CF $200 SHERYL TURNER $1,000 LAGUNA RADIO $118.30

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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 (2025)

Revenue Breakdown

Contributions & Grants $672,622

Program Service Revenue $0

Investment Income $8,210

Other Revenue $1,000

TOTAL REVENUE $681,832

Expense Breakdown

Grants Paid $1,035,791

Salaries & Benefits $0

Fundraising Expenses $90,543

Program Expenses $1,035,791

Other Expenses $116,309

TOTAL EXPENSES $1,152,100

Year-over-Year Comparison

	2025	2024	Change
Revenue	$681,832	$1,065,268	-0.4%
Expenses	$1,152,100	$1,211,484	0.0%
Net Income	$-470,268	$-146,216	+2.2%

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

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
ALEC GLASSER	CEO	10.00	Officer Director	$0	$0	$0
WENDY MISNER	CFO, SECRETARY	40.00	Officer Director	$0	$0	$0
JERRY MANDEL	DIRECTOR	5.00	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	$681,832	$1,152,100	$423,834	$-470,268
2024	No data	No data	No data	No data
2023	$904,334	$532,690	$1,038,844	$371,644
2022	$838,249	$343,566	$667,199	$494,683
2021	$233,000	$60,483	$172,615	$172,517