DRONES FOR GOOD WORLDWIDE (EIN 881745211) - 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

2022

Legal Domicile

Principal Officer

JOE FREEDMAN

Phone

6152006035

Tax Period

2023-01-01 to 2023-12-31

DRONES FOR GOOD WORLDWIDE, founded in 2022, is a small nonprofit in the Public Safety sector that reported $114K in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $423K exceeded revenue, resulting in a 271% operating deficit.

Mission

DRONES FOR GOOD WORLDWIDE IS A US-BASED NONPROFIT ORGANIZATION THAT PROVIDES DRONES AND OTHER HUMANITARIAN ASSISTANCE DURING DISASTERS OF ANY KIND, INCLUDING DURING MILITARY CONFLICTS ACROSS THE WORLD.

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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 $113,826

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $113,826

Expense Breakdown

Grants Paid $382,386

Salaries & Benefits $17,000

Fundraising Expenses $0

Program Expenses $383,619

Other Expenses $23,476

TOTAL EXPENSES $422,862

Year-over-Year Comparison

	2023	2022	Change
Revenue	$113,826	$677,933	-0.8%
Expenses	$422,862	$345,327	+0.2%
Net Income	$-309,036	$332,606	-1.9%

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 FREEDMAN	PRESIDENT	15.00	Officer	$0	$0	$0
COURTNEY FREEDMAN	BOARD MEMBER	15.00	Officer	$0	$0	$0
STEVE CURNUTTE	BOARD MEMBER	15.00	Officer	$0	$0	$0
ARNIE MALHAM	BOARD MEMBER	15.00	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	$113,826	$422,862	$25,823	$-309,036
2022	$677,933	$345,327	$333,230	$332,606

DRONES FOR GOOD WORLDWIDE