DEVELOP MORE FOUNDATION INC

EIN: 934074827 501(c)(3) Youth Development

PARKVILLE, MD

Total Revenue
$427,790
Total Expenses
$293,829
Total Assets
$137,460
Net Assets
$137,460
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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
2023
Legal Domicile
MD
Principal Officer
BRANDON JULOT
Phone
4434620360
Tax Period
2024-01-01 to 2024-12-31

DEVELOP MORE FOUNDATION INC, founded in 2023, is a small nonprofit in the Youth Development sector that reported $428K in total revenue in fiscal year 2024. The organization ran a surplus of $134K, a strong 31% operating margin.

Mission

DevelopMore empowers young men by providing meaningful summer employment and transformational experiences We equip young men with the skills to address immediate economic needs while nurturing personal growth and development

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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 $0
Program Service Revenue $427,790
Investment Income $0
Other Revenue $0
TOTAL REVENUE $427,790

Expense Breakdown

Grants Paid $0
Salaries & Benefits $106,858
Fundraising Expenses $0
Program Expenses $12,954
Other Expenses $186,971
TOTAL EXPENSES $293,829

Year-over-Year Comparison

2024 2023 Change
Revenue $427,790 N/A N/A
Expenses $293,829 N/A N/A
Net Income $133,961 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
N/A
Independent Members
N/A
Employees
1
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
0
$0
Total Directors
1
$88,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRANDON JULOT EXECUTIVE DIRECTOR 40.00
Director
$88,000 $0 $88,000
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 $427,790 $293,829 $137,460 $133,961
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