FOLDS OF HONOR - TENNESSEE CHAPTER (EIN 851626723) - 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

Legal Domicile

Phone

6158047405

Tax Period

2023-01-01 to 2023-12-31

FOLDS OF HONOR - TENNESSEE CHAPTER, founded in 2020, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $1.2M left a modest 7% surplus.

Mission

To raise funds for the Folds of Honor Foundations which provides financial assistance for education to spouses and children of Americas fallen and disabled service members and first responders.

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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 $1,226,767

Program Service Revenue $0

Investment Income $126

Other Revenue $60,320

TOTAL REVENUE $1,287,213

Expense Breakdown

Grants Paid $1,170,221

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,170,221

Other Expenses $28,577

TOTAL EXPENSES $1,198,798

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,287,213	$1,410,124	-0.1%
Expenses	$1,198,798	$1,515,678	-0.2%
Net Income	$88,415	$-105,554	-1.8%

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
CHRISTOPHER KING	Director	1.00	Officer	$0	$0	$0
DAMIAN NOVAK	Director	1.00	Officer	$0	$0	$0
LISA NORRIS	Treasurer	1.00	Officer	$0	$0	$0
ROBBIE GOLDSMITH	Vice President	1.00	Officer	$0	$0	$0
ENZO DEVINCENZO	Director	1.00	Officer	$0	$0	$0
Matt Frauenshuh	President	1.00	Officer	$0	$0	$0
Sean Gleason	Director	1.00	Officer	$0	$0	$0
John Clement	Director	1.00	Officer	$0	$0	$0
SCOTT BAILEY	Secretary	1.00	Officer	$0	$0	$0
CASEY CONWAY	Director	1.00	Officer	$0	$0	$0
DAN PELUSE	Director	1.00	Officer	$0	$0	$0
DAN ENDOM	Director	1.00	Officer	$0	$0	$0
AUSTIN CASSELMAN	Director	1.00	Officer	$0	$0	$0
PATRICK SULLIVAN	Director	1.00	Officer	$0	$0	$0
ERIC YONKUS	Director	1.00	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
2024	No data	No data	No data	No data
2023	$1,287,213	$1,198,798	$353,135	$88,415
2022	$1,410,124	$1,515,678	$248,467	$-105,554
2021	$1,525,890	$1,331,901	$354,021	$193,989
2020	$412,118	$252,086	$160,032	$160,032

FOLDS OF HONOR - TENNESSEE CHAPTER