DRAPER RICHARDS KAPLAN 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

2001

Legal Domicile

Principal Officer

WILLIAM H DRAPER III

Phone

6503197808

Tax Period

2023-01-01 to 2023-12-31

DRAPER RICHARDS KAPLAN FOUNDATION, founded in 2001, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $12.4M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $17.9M exceeded revenue, resulting in a 45% operating deficit.

Mission

THE DRAPER RICHARDS KAPLAN FOUNDATION IS A GLOBAL VENTURE PHILANTHROPY FIRM SUPPORTING EARLY STAGE, HIGH IMPACT SOCIAL ENTERPRISES. WE BELIEVE THAT WITH EARLY FUNDING AND RIGOROUS SUPPORT, EXCEPTIONAL LEADERS, TACKLING SOME OF SOCIETY'S MOST COMPLEX PROBLEMS, CAN MAKE THE WORLD A BETTER PLACE.

Program Service Accomplishments

Program 1

Expenses: $4,300,000 Revenue: $0

IN 2023, THE FOUNDATION FUNDED 49 SOCIAL IMPACT ORGANIZATIONS CREATING SOCIAL CHANGE AROUND THE GLOBE THROUGH UNRESTRICTED GRANTS.

Program 2

Expenses: $9,781,548 Revenue: $0

THE FOUNDATION PROVIDES EACH PORTFOLIO ORGANIZATION WITH SIGNIFICANT HUMAN AND OTHER SUPPORT SERVICES INCLUDING BOARD SERVICE, STRATEGIC AND OPERATING SUPPORT, FINANCIAL, ORGANIZATIONAL, GOVERNANCE AND LEADERSHIP TRAINING THROUGHOUT THE FOUNDATION'S THREE-YEAR COMMITMENT TO EACH ORGANIZATION AS WELL AS A COMMUNITY NETWORK. BETWEEN INCEPTION AND DECEMBER 31, 2023, DRK HAS FUNDED AND SUPPORTED 237 SOCIAL IMPACT ORGANIZATIONS AROUND THE GLOBE.

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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 $12,218,796

Program Service Revenue $0

Investment Income $-81,244

Other Revenue $225,422

TOTAL REVENUE $12,362,974

Expense Breakdown

Grants Paid $4,300,000

Salaries & Benefits $7,850,146

Fundraising Expenses $1,106,833

Program Expenses $14,081,548

Other Expenses $5,730,412

TOTAL EXPENSES $17,880,558

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,362,974	$11,080,088	+0.1%
Expenses	$17,880,558	$15,089,762	+0.2%
Net Income	$-5,517,584	$-4,009,674	+0.4%

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

$1,376,264

Total Directors

$608,735

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM H DRAPER III	CO-CHAIR	8.00	Director	$0	$0	$0
ROBIN RICHARDS DONOHOE	CO-CHAIR	8.00	Director	$0	$0	$0
ROBERT S KAPLAN	CO-CHAIR	8.00	Director	$0	$0	$0
JAMES M BILDNER	CEO & BOARD MEMBER	50.00	Officer Director	$505,200	$103,535	$608,735
ZERYN SARPANGAL	CFO, CAO	50.00	Officer	$321,845	$98,564	$420,409
NANCY HUANG	CHIEF OF STAFF, TREASURER	50.00	Officer	$282,064	$65,056	$347,120
LARA METCALF	SENIOR MANAGING DIRECTOR	50.00	Highest	$291,849	$27,213	$319,062
ANIKA WARREN	OPERATING PTR, CHIEF ORG EFF OFFICER	50.00	Highest	$321,200	$100,535	$421,735
HOLLY KUZMICH	MANAGING DIRECTOR	50.00	Highest	$251,200	$67,860	$319,060
MARGO DRAKOS	MANAGING DIRECTOR	50.00	Highest	$235,367	$79,264	$314,631
OLIVER ROTHSCHILD	MANAGING DIRECTOR	50.00	Highest	$236,113	$50,824	$286,937

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	$12,362,974	$17,880,558	$43,758,116	$-5,517,584