THE DT AND JOAN KING FOUNDATION (EIN 851472381) - 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

2020

Principal Officer

STUART MCNAIR

Phone

8479894845

Tax Period

2024-01-01 to 2024-12-31

THE DT AND JOAN KING FOUNDATION, founded in 2020, is a small nonprofit in the Human Services sector that reported $224K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $304K exceeded revenue, resulting in a 35% operating deficit.

Mission

THE PURPOSE OR PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED SHALL BE FOR PROVIDING SUPPORT TO DRIVERS IN THE TRUCKING INDUSTRY AND THEIR FAMILIES WHO HAVE EXPERIENCED HARDSHIPS DUE TO INJURY, DEATH, OR OTHER CATASTROPHIC EVENT.

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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 $70,200

Program Service Revenue $0

Investment Income $738

Other Revenue $153,332

TOTAL REVENUE $224,270

Expense Breakdown

Grants Paid $117,611

Salaries & Benefits $0

Fundraising Expenses $186,129

Program Expenses $117,611

Other Expenses $186,204

TOTAL EXPENSES $303,815

Year-over-Year Comparison

	2024	2023	Change
Revenue	$224,270	$380,999	-0.4%
Expenses	$303,815	$341,486	-0.1%
Net Income	$-79,545	$39,513	-3.0%

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

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
AARON KING	SECRETARY	N/A	Officer Director	$0	$0	$0
JENNIFER KING	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
STUART MCNAIR	TREASURER	N/A	Officer Director	$0	$0	$0
ASA PENNINGTON	PRESIDENT	N/A	Officer 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
2024	$224,270	$303,815	$53,476	$-79,545
2023	$380,999	$341,486	$133,021	$39,513
2022	$306,975	$283,806	$93,508	$23,169
2021	$195,279	$165,518	$70,339	$29,761
2020	$145,353	$104,775	$40,578	$40,578

THE DT AND JOAN KING FOUNDATION