THE JAMES MEGELLAS FOUNDATION INC (EIN 273047777) - Form 990 Financial Analysis & Trantor Score

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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

2010

Legal Domicile

Principal Officer

MICHAEL W MELTON

Phone

6235818117

Tax Period

2023-07-01 to 2024-06-30

THE JAMES MEGELLAS FOUNDATION INC, founded in 2010, is a small nonprofit in the Education sector that reported $363K in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $344K left a modest 5% surplus.

Mission

THE FOUNDATIONS PRIMARY PURPOSE IS TO ADDRESS SOCIAL NEED AND TO LESSEN THE BURDEN OF GOVERNMENT IN THE AREAS OF EDUCATION,

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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 $6,548

Program Service Revenue $356,208

Investment Income $0

Other Revenue $0

TOTAL REVENUE $362,756

Expense Breakdown

Grants Paid $18,048

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $309,920

Other Expenses $325,879

TOTAL EXPENSES $343,927

Year-over-Year Comparison

	2023	2022	Change
Revenue	$362,756	$1,296,385	-0.7%
Expenses	$343,927	$5,597,443	-0.9%
Net Income	$18,829	$-4,301,058	-1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MELTON	PRESIDENT	5.00	Officer Director	$0	$0	$0
SHARON MELTON	DIRECTOR	5.00	Director	$0	$0	$0
RAY L'AMOREAUX	DIRECTOR	1.00	Director	$0	$0	$0
LINDA L'AMOREAUX	DIRECTOR	1.00	Director	$0	$0	$0
GARY WILLOW	DIRECTOR	1.00	Director	$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	$362,756	$343,927	$6,850,798	$18,829
2023	$1,296,385	$5,597,443	$7,088,077	$-4,301,058
2022	$3,597,457	$3,775,505	$74,322,593	$-178,048
2021	$5,113,659	$5,734,146	$68,107,616	$-620,487
2020	$5,274,242	$5,753,087	$70,091,635	$-478,845
2019	$5,256,508	$5,799,686	$71,929,823	$-543,178
2018	$4,138,658	$5,851,962	$73,780,927	$-1,713,304

THE JAMES MEGELLAS FOUNDATION INC