Mcilvain Foundation Ltd

EIN: 920614380 501(c)(3) Public & Societal Benefit

Raleigh, NC

Total Revenue
$216,530
Total Expenses
$160,201
Total Assets
$670,769
Net Assets
$84,889
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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
NC
Phone
9194188171
Tax Period
2024-01-01 to 2024-12-31

Mcilvain Foundation Ltd, founded in 2022, is a small nonprofit in the Public & Societal Benefit sector that reported $217K in total revenue in fiscal year 2024. Revenue surged 531% from the prior year, signaling strong growth momentum. The organization ran a surplus of $56K, a strong 26% operating margin.

Mission

To help raise the awareness of veterans in need of counseling, work options, housing, clothing and other essential services

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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 $207,294
Program Service Revenue $0
Investment Income $9,236
Other Revenue $0
TOTAL REVENUE $216,530

Expense Breakdown

Grants Paid $42,996
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $42,996
Other Expenses $117,205
TOTAL EXPENSES $160,201

Year-over-Year Comparison

2024 2023 Change
Revenue $216,530 $34,315 +5.3%
Expenses $160,201 $34,315 +3.7%
Net Income $56,329 N/A N/A
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
N/A
Volunteers
3

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rock McIlvain President 4.00
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 $216,530 $160,201 $670,769 $56,329
2023 $34,315 $34,315 $613,020 No data
2022 $780,000 No data $780,000 No data
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