Janie Hammit Memorial Inc

EIN: 540534604 501(c)(3) Unknown

Bristol, VA

Total Revenue
$74,749
Total Expenses
$50,041
Total Assets
$692,985
Net Assets
$690,413
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
VA
Phone
2766699221
Tax Period
2024-01-01 to 2024-12-31

Janie Hammit Memorial Inc, founded in 1990, is a micro nonprofit in the Unknown sector that reported $53K in total revenue in fiscal year 2018. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $22K, a strong 42% operating margin.

Mission

Janie Hammit Memorial provides scholarships to those in need in order to continue their education.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,091
Program Service Revenue $0
Investment Income $32,853
Other Revenue $34,805
TOTAL REVENUE $74,749

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $40,784
Other Expenses $50,041
TOTAL EXPENSES $50,041

Year-over-Year Comparison

2024 2023 Change
Revenue $74,749 $42,081 +0.8%
Expenses $50,041 $58,424 -0.1%
Net Income $24,708 $-16,343 -2.5%
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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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
4
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Keiffer Trustee 5.00
Director
$0 $0 $0
Allison Rochelle Trustee 5.00
Director
$0 $0 $0
Dave Maples Treasurer 5.00
Officer
$0 $0 $0
Shane Estep Secretary 5.00
Officer
$0 $0 $0
Chrisite Branson President 5.00
Officer
$0 $0 $0
Greg Vincill VP 5.00
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 $74,749 $50,041 $692,985 $24,708
2023 $42,081 $58,424 $668,488 $-16,343
2022 $54,490 $58,448 $645,673 $-3,958
2021 $68,155 $41,913 $715,601 $26,242
2020 $45,455 $39,506 $689,359 $5,949
2019 $57,759 $34,821 $655,254 $22,938
2018 $52,668 $30,539 $599,620 $22,129
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