MADISON COUNTY VETERANS MEMORIAL FOUNDATION INC

EIN: 470865053 501(c)(3) Arts, Culture & Humanities

HUNTSVILLE, AL

Total Revenue
$-10,483
Total Expenses
$44,348
Total Assets
$119,309
Net Assets
$118,763
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
AL
Principal Officer
JAMES C SNELLGROVE JR
Phone
2565331040
Tax Period
2023-10-01 to 2024-09-30

MADISON COUNTY VETERANS MEMORIAL FOUNDATION INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $183K in total revenue in fiscal year 2017. Revenue surged 124% from the prior year, signaling strong growth momentum. The organization ran a surplus of $93K, a strong 51% operating margin.

Mission

CONSTRUCT AND MAINTAIN A MEMORIAL IN HONOR OF THE VETERANS OF MADISON COUNTY, ALABAMA THAT WILL INCLUDE RECOGNITION OF THE MEDALS OF HONOR RECIPIENTS. IT WILL REINFORCE THE CIVIL AND MILITARY RELATIONSHIP IN MADISON COUNTY AND THE CITY OF HUNTSVILLE, ALABAMA.

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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 $0
Program Service Revenue $0
Investment Income $39
Other Revenue $-10,522
TOTAL REVENUE $-10,483

Expense Breakdown

Grants Paid $3,500
Salaries & Benefits $19,488
Fundraising Expenses $0
Program Expenses $43,917
Other Expenses $21,360
TOTAL EXPENSES $44,348

Year-over-Year Comparison

2023 2022 Change
Revenue $-10,483 $100,711 -1.1%
Expenses $44,348 $41,570 +0.1%
Net Income $-54,831 $59,141 -1.9%
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

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Governance

Voting Members
7
Independent Members
7
Employees
1
Volunteers
100

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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BGR ROBERT DROLET CHAIRMAN N/A
Officer Director
$0 $0 $0
JOSEPH FITZGERALD BOARD MEMBER N/A
Director
$0 $0 $0
WILLIAM STENDER JR PAST CHAIRMA N/A
Director
$0 $0 $0
JAMES C SNELLGROVE JR TREASURER N/A
Officer Director
$0 $0 $0
JOHN PERRY BOARD MEMBER N/A
Director
$0 $0 $0
LTCR PETE SCHOFIELD VICE PRESIDE N/A
Officer Director
$0 $0 $0
COLR JON STIEGLITZ BOARD MEMBER N/A
Director
$0 $0 $0
RICKY WILKINSON CITY LIASON N/A
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 $-10,483 $44,348 $119,309 $-54,831
2023 $100,711 $41,570 $174,168 $59,141
2022 $23,431 $24,164 $115,036 $-733
2021 $25,739 $146,697 $118,547 $-120,958
2020 $190,796 $70,200 $237,524 $120,596
2019 $160,758 $238,577 $116,439 $-77,819
2018 $183,047 $90,208 $194,713 $92,839
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