THE WILL KING FOUNDATION INC (EIN 882506709) - 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

Phone

9043550355

Tax Period

2024-01-01 to 2024-12-31

THE WILL KING FOUNDATION INC, founded in 2022, is a micro nonprofit in the Diseases & Disorders sector that reported $54K in total revenue in fiscal year 2024. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $99K exceeded revenue, resulting in a 83% operating deficit.

Mission

TO PROVIDE FINANCIAL SUPPORT FOR CHILDREN FROM DEVELOPING COUNTRIES RECEIVING MEDICAL SERVICES, SPECIFICALLY HEART TREATMENT, AT BAPTIST CHILDRENS HOSPITAL IN JACKSONVILLE, FL

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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 $53,883

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $53,883

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,156

Fundraising Expenses $10,699

Program Expenses $64,802

Other Expenses $84,611

TOTAL EXPENSES $98,767

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,883	$390,634	-0.9%
Expenses	$98,767	$68,176	+0.4%
Net Income	$-44,884	$322,458	-1.1%

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

N/A

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
COURTNEY HUGHES	DIRECTOR	2.00	Officer	$0	$0	$0
CHRIS CORR	CHAIRMAN	2.00	Officer	$0	$0	$0
DAVID MCGINLEY	VICE CHAIRMAN	2.00	Officer	$0	$0	$0
LINDSEY L HOYT	SECRETARY	2.00	Officer	$0	$0	$0
TAYLOR HUGHES	DIRECTOR	2.00	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	$53,883	$98,767	$296,169	$-44,884
2023	$390,634	$68,176	$341,507	$322,458

THE WILL KING FOUNDATION INC