JAMES AND DEREK HOTSINPILLER MEMORIAL FOUNDATION INC

EIN: 275428788 501(c)(3) Education

BRIDGEPORT, WV

Total Revenue
$82,189
Total Expenses
$35,296
Total Assets
$553,328
Net Assets
$553,328
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
WV
Principal Officer
WILLIAM H PHILLIPS
Phone
3046290246
Tax Period
2024-01-01 to 2024-12-31

JAMES AND DEREK HOTSINPILLER MEMORIAL FOUNDATION INC, founded in 2011, is a micro nonprofit in the Education sector that reported $82K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $47K, a strong 57% operating margin.

Mission

THE ORGANIZATION GRANTS SCHOLARSHIPS TO BOTH HIGH SCHOOL SENIORS AS WELL AS CURRENT COLLEGE STUDENTS ENROLLED IN A COLLEGE LOCATED IN WEST VIRGINIA AND PURSUING A DEGREE IN A CRIMINAL JUSTICE FIELD. THE ORGANIZATION HOLDS AN ANNUAL 5K RUN TO RAISE FUNDS FOR SCHOLARSHIPS. THE ORGANIZATION ALSO PROVIDES ASSISTANCE TO LAW ENFORCEMENT AGENCIES THROUGH EQUIPMENT PURCHASES AND PROVIDES ASSISTANCE TO OFFICERS AND THEIR FAMLIES WHO ARE ILL OR INJURED IN THE LINE OF DUTY.

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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 $29,150
Program Service Revenue $0
Investment Income $33,549
Other Revenue $19,490
TOTAL REVENUE $82,189

Expense Breakdown

Grants Paid $28,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $34,774
Other Expenses $6,796
TOTAL EXPENSES $35,296

Year-over-Year Comparison

2024 2023 Change
Revenue $82,189 $92,188 -0.1%
Expenses $35,296 $43,578 -0.2%
Net Income $46,893 $48,610 0.0%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
95

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY NOONE BOARD MEMBER 1.00
Director
$0 $0 $0
GRANT BURTON BOARD MEMBER 1.00
Director
$0 $0 $0
NICK GREEN BOARD MEMBER 1.00
Director
$0 $0 $0
NORM FARLEY BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHAN GRIFFITH BOARD MEMBER 1.00
Director
$0 $0 $0
MARK ROGERS BOARD MEMBER 1.00
Director
$0 $0 $0
PAMELA HOTSINPILLER BOARD MEMBER 1.00
Director
$0 $0 $0
JACKI DEFAZIO SECRETARY 1.00
Officer
$0 $0 $0
DUSTIN HOTSINPILLER PRESIDENT 1.00
Officer
$0 $0 $0
TERRY HOTSINPILLER VICE CHAIRMAN 1.00
Officer
$0 $0 $0
BILL PHILLIPS TREASURER 4.00
Officer
$0 $0 $0
SHAWN MORGAN CHAIRMAN 1.00
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 $82,189 $35,296 $553,328 $46,893
2023 $92,188 $43,578 $526,420 $48,610
2022 $85,198 $29,426 $456,837 $55,772
2021 $48,532 $17,814 $475,074 $30,718
2020 $41,365 $17,506 $446,112 $23,859
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