JAMES H HARLESS FOUNDATION INC (EIN 237093387) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

GARY G WHITE

Phone

3046643227

Tax Period

2023-01-01 to 2023-12-31

JAMES H HARLESS FOUNDATION INC, founded in 2022, is a small nonprofit that reported $634K in total revenue in fiscal year 2023. The organization ran a surplus of $161K, a strong 25% operating margin.

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF THE FOUNDATION FOR THE TRI-STATE COMMUNITY, INC. AND THE LARRY JOE HARLESS COMMUNITY CENTER FOUNDATION, INC.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $322,850

Program Service Revenue $7,200

Investment Income $303,878

Other Revenue $0

TOTAL REVENUE $633,928

Expense Breakdown

Grants Paid $168,384

Salaries & Benefits $55,616

Fundraising Expenses $0

Program Expenses $168,384

Other Expenses $248,981

TOTAL EXPENSES $472,981

Year-over-Year Comparison

	2023	2022	Change
Revenue	$633,928	N/A	N/A
Expenses	$472,981	N/A	N/A
Net Income	$160,947	N/A	N/A

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$67,358

Total Directors

$67,358

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY G WHITE	PRES/DIR	0.50	Officer Director	$11,179	$0	$11,179
MARY WHITTEN WISEMAN	VICE PRES/DIR	1.00	Officer Director	$0	$0	$0
BC MCGINNIS III	SEC/DIR	0.50	Officer Director	$0	$0	$0
SHARON MURPHY	TREAS/DIR	20.00	Officer Director	$45,000	$0	$45,000
DAN R MOORE	DIRECTOR	0.25	Officer Director	$11,179	$0	$11,179

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	$633,928	$472,981	$10,126,722	$160,947
2022	$1,225,975	$466,784	$9,953,607	$759,191
2021	$1,240,048	$441,170	$9,194,424	$798,878
2020	$878,806	$389,605	$8,394,465	$489,201
2019	$677,044	$479,367	$7,905,264	$197,677

JAMES H HARLESS FOUNDATION INC