JAMES H HARLESS FOUNDATION INC

EIN: 237093387 501(c)(3)

GILBERT, WV

Total Revenue
$633,928
Total Expenses
$472,981
Total Assets
$10,126,722
Net Assets
$10,119,722
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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
WV
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.

Program Service Accomplishments

Program 1
Expenses: $150,075 Revenue: $0

ASSISTANCE WAS PROVIDED TO THE ABOVE-NAMED ORGANIZATIONS WHICH ENABLED THEM TO SUSTAIN THEIR PROGRAMS THAT PROMOTED THE HEALTH, EDUCATION, FAITH, AND QUALITY OF LIFE TO THE CITIZENS OF SOUTHERN WEST...

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ASSISTANCE WAS PROVIDED TO THE ABOVE-NAMED ORGANIZATIONS WHICH ENABLED THEM TO SUSTAIN THEIR PROGRAMS THAT PROMOTED THE HEALTH, EDUCATION, FAITH, AND QUALITY OF LIFE TO THE CITIZENS OF SOUTHERN WEST VIRGINIA.

Program 2
Expenses: $18,309 Revenue: $0

THE ORGANIZATION PROVIDED ASSISTANCE IN THE FORM OF CASH CONTRIBUTIONS TO CHARITIES OTHER THAN ITS SUPPORTED ORGANIZATIONS. CONTRIBUTIONS TO THESE CHARITIES WERE MADE IN FURTHERANCE OF THE MISSIONS...

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THE ORGANIZATION PROVIDED ASSISTANCE IN THE FORM OF CASH CONTRIBUTIONS TO CHARITIES OTHER THAN ITS SUPPORTED ORGANIZATIONS. CONTRIBUTIONS TO THESE CHARITIES WERE MADE IN FURTHERANCE OF THE MISSIONS OF THE SUPPORTED ORGANIZTIONS IN THAT THE EDUCATIONAL, RELIGIOUS, CHARITABLE AND LITERARY ACTIVITIES BENEFITED THE CITIZENS OF SOUTHERN WEST VIRGINIA. THERE WERE EIGHTEEN (18) SUCH ORGANIZATIONS THAT RECEIVED THIS FORM OF ASSISTANCE FROM THE ORGANIZATION IN 2022.

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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 (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
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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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Governance

Voting Members
5
Independent Members
1
Employees
5
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
5
$67,358
Total Directors
5
$67,358
Key Employees
0
$0
Highest Compensated
0
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
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