Warm Hearth Foundation Inc

EIN: 541639629 501(c)(3) Human Services

Blacksburg, VA

Total Revenue
$746,266
Total Expenses
$708,536
Total Assets
$4,027,224
Net Assets
$3,855,246
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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
VA
Phone
5409611712
Tax Period
2023-10-01 to 2024-09-30

WARM HEARTH FOUNDATION INC, founded in 1992, is a small nonprofit in the Human Services sector that reported $361K in total revenue in fiscal year 2017. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $65K, a strong 18% operating margin.

Mission

WARM HEARTH FOUNDATION RECEIVES AND ADMINISTERS SUPPORTING FUNDS FOR THE PURPOSES OF RESIDENTS OF WARM HEARTH VILLAGE AS FOLLOWS: (A) HOUSING SERVICES TO ELDERLY AND HANDICAPPED AS PROVIDED BY TROLINGER HOUSE, INC., NEW RIVER HOUSE, INC., NEW CENTURY HOUSING, INC., AND WARM HEARTH, INC., (B) NON-PROFIT NURSING HOME AND ASSISTED LIVING CARE AS PROVIDED BY NRV NURSING CENTER, INC. AND SHOWALTER CENTER, INC.

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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 $641,712
Program Service Revenue $311
Investment Income $22,704
Other Revenue $81,539
TOTAL REVENUE $746,266

Expense Breakdown

Grants Paid $260,788
Salaries & Benefits $0
Fundraising Expenses $83,865
Program Expenses $573,343
Other Expenses $447,748
TOTAL EXPENSES $708,536

Year-over-Year Comparison

2023 2022 Change
Revenue $746,266 $780,258 0.0%
Expenses $708,536 $538,828 +0.3%
Net Income $37,730 $241,430 -0.8%
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
5
Independent Members
5
Employees
N/A
Volunteers
250

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
$343,178
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Karen Hanks Secretary 0.5
Officer Director
$0 $0 $0
Mike Spears Treasurer 0.5
Officer Director
$0 $0 $0
Thomas Pierce President 0.5
Officer Director
$0 $0 $0
Richard Shepherd Trustee 0.5
Director
$0 $0 $0
Savanna Dyer Trustee 0.5
Director
$0 $0 $0
Molly Nevitt CFO 0.5
Officer
$0 $3,923 $152,169
William Lester President and CEO 0.5
Officer
$0 $5,248 $191,009
Alison Trigg Showalter Admin 0.5
Highest
$0 $499 $106,033
Kevin Sands RN Director 0.5
Highest
$0 $3,140 $109,889
Shaunna Andrews Director of Nursing 0.5
Highest
$0 $2,061 $105,746
Tambra Dixon VP of Philanthropy 0.5
Highest
$0 $3,317 $123,498
Walter Williams Director of Network Services 0.5
Highest
$0 $3,292 $110,755
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 $746,266 $708,536 $4,027,224 $37,730
2023 $780,258 $538,828 $3,485,543 $241,430
2022 $569,564 $350,140 $3,186,690 $219,424
2021 $579,475 $387,827 $3,025,481 $191,648
2020 $974,302 $357,270 $3,061,773 $617,032
2019 $500,941 $350,111 $2,343,883 $150,830
2018 $361,118 $295,975 $2,266,913 $65,143
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