THE DONOVAN & BANK FOUNDATION

EIN: 872789816 501(c)(3) Public & Societal Benefit

WILMINGTON, NC

Total Revenue
$1,272,299
Total Expenses
$1,007,112
Total Assets
$488,664
Net Assets
$464,908
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Legal Domicile
NC
Principal Officer
PAUL J TOOLAN
Phone
9105784430
Tax Period
2025-01-01 to 2025-12-31

THE DONOVAN & BANK FOUNDATION is a community nonprofit in the Public & Societal Benefit sector that reported $1.3M in total revenue in fiscal year 2025. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $265K, a strong 21% operating margin.

Mission

OUR MISSIONG IS OT HELP UNITED STATES SPECIAL OPERATORS TRANSITION TO A LIFE OF PEACE, CONTENTMENT, AND BALANCE. THE FOUNDATION IS COMPRISED OF FOUR INTERRELATED PROGRAMS, INCLUDING THE JANUS PROGRAM AND THE SPECIAL OPERATIONS EXPERIENCE.

Program Service Accomplishments

Program 1
Expenses: $905,455

OUR PROGRAM USES A COMBINATION OF SEMINARS, WORKSHOPS, ONE-ON-ONE COUNSELING AND FINANCIAL LITERACY TO DELIVER TRANSITION ASSISTANCE TO THE UNITED STATES SPECIAL OPERATORS. THIS INCLUDES HAVING...

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OUR PROGRAM USES A COMBINATION OF SEMINARS, WORKSHOPS, ONE-ON-ONE COUNSELING AND FINANCIAL LITERACY TO DELIVER TRANSITION ASSISTANCE TO THE UNITED STATES SPECIAL OPERATORS. THIS INCLUDES HAVING SPECIAL OPERATORS WORK DIRECTLY WITH THE PUBLIC THROUGH SPECIAL EVENTS TO SHARE THEIR EXPERIENCES. WHILE ALSO FOLLOWING WELLNESS PLANS, LIFE COACHING AND MENTORSHIP TO CREATE A HOLISTIC LIFESTYLE TO IMPROVE OVERALL HEALTH AND QUALITY OF LIFE.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,256,828
Program Service Revenue $0
Investment Income $15,309
Other Revenue $162
TOTAL REVENUE $1,272,299

Expense Breakdown

Grants Paid $11,925
Salaries & Benefits $309,591
Fundraising Expenses $58,605
Program Expenses $905,455
Other Expenses $684,415
TOTAL EXPENSES $1,007,112

Year-over-Year Comparison

2025 2024 Change
Revenue $1,272,299 $838,148 +0.5%
Expenses $1,007,112 $828,302 +0.2%
Net Income $265,187 $9,846 +25.9%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
4
Volunteers
25

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
3
$186,865
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW STAMP COO 40.00
Officer
$90,000 $4,065 $94,065
PAUL J TOOLAN EXECUTIVE DI 40.00
Officer
$80,000 $12,800 $92,800
THOMAS ALDRICH DIRECTOR 1.00
Director
$0 $0 $0
JOSH FORMAN DIRECTOR 1.00
Director
$0 $0 $0
CHRIS MILLER CHAIRMAN 1.00
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
2025 $1,272,299 $1,007,112 $488,664 $265,187
2024 $838,148 $828,302 $207,723 $9,846
2023 $890,210 $884,041 $209,257 $6,169
2022 $645,174 $463,236 $192,298 $181,938
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