DIAMOND CHARITABLE FOUNDATION

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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

2021

Legal Domicile

Principal Officer

BARBARA MITCHELL

Phone

6103265490

Tax Period

2024-01-01 to 2024-12-31

DIAMOND CHARITABLE FOUNDATION, founded in 2021, is a micro nonprofit in the Education sector that reported $66K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $14K, a strong 21% operating margin.

Mission

TO FOSTER AND SUPPORT OPPORTUNITIES THAT PROMOTE EDUCATION, HEALTH, AND WELLNESS AS WELL AS AWARENESS AND RESPONDING TO EMERGING COMMUNITY NEEDS.

Program Service Accomplishments

Program 1

Expenses: $43,127 Revenue: $0

THE FOUNDATION HELD A CHARITABLE EVENT WITH THE ASSISTANCE OF VOLUNTEERS FROM DIAMOND CREDIT UNION: THE JOHN M. FAUST CHARITY GOLF INVITATIONAL, ON MAY 17, 2024, AT GOLDEN OAKS GOLF CLUB IN...

THE FOUNDATION HELD A CHARITABLE EVENT WITH THE ASSISTANCE OF VOLUNTEERS FROM DIAMOND CREDIT UNION: THE JOHN M. FAUST CHARITY GOLF INVITATIONAL, ON MAY 17, 2024, AT GOLDEN OAKS GOLF CLUB IN FLEETWOOD, PA. THANKS TO OUR GENEROUS DONORS AND VOLUNTEERS, THE EVENT RAISED MONEY FOR THE AMERICAN CANCER SOCIETY IN THE FIGHT AGAINST CANCER.

Program 2

Expenses: $0 Revenue: $0

THE FOUNDATION HELD A CHARITABLE EVENT WITH THE ASSISTANCE OF VOLUNTEERS FROM DIAMOND CREDIT UNION: A SPORTS TICKETS RAFFLE. THANKS TO OUR GENEROUS DONORS AND VOLUNTEERS, THE EVENT RAISED MONEY TO...

THE FOUNDATION HELD A CHARITABLE EVENT WITH THE ASSISTANCE OF VOLUNTEERS FROM DIAMOND CREDIT UNION: A SPORTS TICKETS RAFFLE. THANKS TO OUR GENEROUS DONORS AND VOLUNTEERS, THE EVENT RAISED MONEY TO HELP FIGHT FOOD INSECURITY.

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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 $84,755

Program Service Revenue $0

Investment Income $28

Other Revenue $-19,211

TOTAL REVENUE $65,572

Expense Breakdown

Grants Paid $43,127

Salaries & Benefits $0

Fundraising Expenses $100

Program Expenses $43,127

Other Expenses $8,571

TOTAL EXPENSES $51,698

Year-over-Year Comparison

	2024	2023	Change
Revenue	$65,572	$82,599	-0.2%
Expenses	$51,698	$75,748	-0.3%
Net Income	$13,874	$6,851	+1.0%

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
ROBERT HACKASH	PRESIDENT	0.50	Officer Director	$0	$0	$0
BARBARA MITCHELL	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
BARBARA PFEIFFER	DIRECTOR	0.50	Director	$0	$0	$0
BRAD BARTMAN	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH BIALEK	DIRECTOR	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	$65,572	$51,698	$20,743	$13,874
2023	$82,599	$75,748	$6,869	$6,851
2022	$51,236	$51,218	$18	$18