THE DONOVAN & BANK FOUNDATION

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

WILMINGTON, NC

Total Revenue
$838,148
Total Expenses
$828,302
Total Assets
$207,723
Net Assets
$196,952
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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

Legal Domicile
NC
Principal Officer
PAUL J TOOLAN
Phone
9105784430
Tax Period
2024-01-01 to 2024-12-31

THE DONOVAN & BANK FOUNDATION is a small nonprofit in the Public & Societal Benefit sector that reported $838K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

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.

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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 (2024)

Revenue Breakdown

Contributions & Grants $837,018
Program Service Revenue $0
Investment Income $894
Other Revenue $236
TOTAL REVENUE $838,148

Expense Breakdown

Grants Paid $0
Salaries & Benefits $267,711
Fundraising Expenses $3,819
Program Expenses $787,731
Other Expenses $558,091
TOTAL EXPENSES $828,302

Year-over-Year Comparison

2024 2023 Change
Revenue $838,148 $890,210 -0.1%
Expenses $828,302 $884,041 -0.1%
Net Income $9,846 $6,169 +0.6%
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

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Governance

Voting Members
3
Independent Members
3
Employees
3
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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
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
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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