DRUMGOOLE FAMILY INITIATIVES INC (EIN 853240077) - 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

Principal Officer

JACKSON DRUMGOOLE

Phone

7622710222

Tax Period

2024-01-01 to 2024-12-31

DRUMGOOLE FAMILY INITIATIVES INC, founded in 2020, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 1198% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 95% operating margin.

Mission

TO ASSIST YOUTH WHO ARE AGING OUT OF THE FOSTER CARE SYSTEM REACH THEIR FULL POTENTIAL BY PROVIDING SAFE HOUSING OPPORTUNITIES AND LIFE SKILLS TRAINING.

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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 $2,857,143

Program Service Revenue $0

Investment Income $21,928

Other Revenue $-2,096

TOTAL REVENUE $2,876,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,619

Fundraising Expenses $14,835

Other Expenses $113,210

TOTAL EXPENSES $133,664

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,876,975	$221,684	+12.0%
Expenses	$133,664	$23,718	+4.6%
Net Income	$2,743,311	$197,966	+12.9%

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

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
JOE GAMBILL	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JACKSON DRUMGOOLE	EXECUTIVE DI	1.00	Officer	$0	$0	$0
PENNY WASDEN	SECRETARY	1.00	Director	$0	$0	$0
JR RICHARDS	BOARD MEMBER	0.50	Officer Director	$0	$0	$0
JUDGE CHANETTE LEWIS	BOARD MEMBER	0.50	Director	$0	$0	$0
VIKKI PRUITT	BOARD MEMBER	0.50	Director	$0	$0	$0
LUKE NIDAY	BOARD MEMBER	0.50	Director	$0	$0	$0
MARTIN HARVEY	BOARD MEMBER	0.50	Director	$0	$0	$0
TYLER BAUM	BOARD MEMBER	0.50	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	$2,876,975	$133,664	$2,946,999	$2,743,311
2023	$221,684	$23,718	$203,688	$197,966

DRUMGOOLE FAMILY INITIATIVES INC