HONOR AND REMEMBER INC

EIN: 412277283 501(c)(3) Arts, Culture & Humanities

CHESAPEAKE, VA

Total Revenue
$436,643
Total Expenses
$556,230
Total Assets
$477,782
Net Assets
$174,642
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
VA
Principal Officer
GEORGE LUTZ
Phone
7575044722
Tax Period
2023-01-01 to 2023-12-31

HONOR AND REMEMBER INC, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $727K in total revenue in fiscal year 2018. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $640K left a modest 12% surplus.

Mission

IN KEEPING WITH OUR MISSION AND PRIMARY GOALS, WE CONTINUE TO SIGNIFICANTLY IMPACT THIS NATION WITH THE MESSAGE OF PERPETUALLY RECOGNIZING OUR MILITARY FALLEN HEROES AND THEIR FAMILIES. OUR OBJECTIVES CAN BE SUMMARIZED IN FOUR WORDS: ESTABLISH, EDUCATE, PRESENT AND COMFORT. IN THIS REPORT YOU WILL READ ABOUT THE ACCOMPLISHMENTS IN EACH OF THESE AREAS.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $260,990
Program Service Revenue $72,054
Investment Income $14
Other Revenue $103,585
TOTAL REVENUE $436,643

Expense Breakdown

Grants Paid $0
Salaries & Benefits $225,517
Fundraising Expenses $874
Program Expenses $498,379
Other Expenses $330,713
TOTAL EXPENSES $556,230

Year-over-Year Comparison

2023 2022 Change
Revenue $436,643 $461,510 -0.1%
Expenses $556,230 $476,604 +0.2%
Net Income $-119,587 $-15,094 +6.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
11
Employees
4
Volunteers
600

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
3
$87,000
Total Directors
13
$87,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE LUTZ CHAIRMAN 40.00
Officer Director
$76,800 $10,200 $87,000
MARK FULTON VICE CHAIRMA 2.00
Officer Director
$0 $0 $0
EDWARD L BRUNOT TREASURER 2.00
Officer Director
$0 $0 $0
MICHAEL MCCLELLAN DIRECTOR 1.00
Director
$0 $0 $0
DR PATRICIA LUTZ DIRECTOR 1.00
Director
$0 $0 $0
STEVE O'DONNELL DIRECTOR 1.00
Director
$0 $0 $0
MAUREEN MCDONNELL DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL QUINN DIRECTOR 1.00
Director
$0 $0 $0
JIM WEIGL DIRECTOR 1.00
Director
$0 $0 $0
MIKE ROSE DIRECTOR 1.00
Director
$0 $0 $0
DAVID SISK DIRECTOR 1.00
Director
$0 $0 $0
WAYNE PETRO DIRECTOR 1.00
Director
$0 $0 $0
BRIAN WINTERSTEIN 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 No data No data No data No data
2023 $436,643 $556,230 $477,782 $-119,587
2022 $461,510 $476,604 $552,761 $-15,094
2021 $499,769 $450,685 $572,686 $49,084
2020 $408,696 $431,712 $453,556 $-23,016
2019 $488,743 $585,417 $437,848 $-96,674
2018 $727,368 $640,386 $469,632 $86,982
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