MOUNT OLIVET FOUNDATION

EIN: 546073008 501(c)(3)

Arlington, VA

Total Revenue
$47,669
Total Expenses
$64,568
Total Assets
$1,867,176
Net Assets
$1,867,176
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
VA
Principal Officer
Janet Oak
Tax Period
2024-01-01 to 2024-12-31

MOUNT OLIVET FOUNDATION, founded in 1967, is a micro nonprofit that reported $48K in total revenue in fiscal year 2024. Revenue surged 186% from the prior year, signaling strong growth momentum. Expenses of $65K exceeded revenue, resulting in a 35% operating deficit.

Mission

Providing grants and interest-free loans to post-secondary students and grants to community organizations that demonstrate financial need.

Program Service Accomplishments

Program 1
Expenses: $44,088 Revenue: $0

During 2024 the Foundation made educational grants ranging from $500 to $5,000 to 20 different students.

Program 2
Expenses: $14,300 Revenue: $0

During 2024 the Foundation provided grants ranging from $1,400 to $2,500 to eight community organizations that provide services preschool and low-income individuals.

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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 $47,594
Program Service Revenue $75
Investment Income $0
Other Revenue $0
TOTAL REVENUE $47,669

Expense Breakdown

Grants Paid $58,388
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $58,388
Other Expenses $6,180
TOTAL EXPENSES $64,568

Year-over-Year Comparison

2024 2023 Change
Revenue $47,669 $16,682 +1.9%
Expenses $64,568 $53,555 +0.2%
Net Income $-16,899 $-36,873 -0.5%
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

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
20
Independent Members
20
Employees
N/A
Volunteers
20

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
8
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cheryl Moore President 3
Officer Director
$0 $0 $0
Lucinda Maine Development Chair 2
Officer Director
$0 $0 $0
Cynthia Nelson Loans Co-Chair 2
Director
$0 $0 $0
Elizabeth Wray Loans Co-Chair 2
Director
$0 $0 $0
Steven Meek Controller 2
Officer Director
$0 $0 $0
Charlie Mullin Investments Chair 1
Officer Director
$0 $0 $0
Rick Ritter Treasurer 1
Officer Director
$0 $0 $0
Wayne Witting Assistant Treasurer 1
Officer Director
$0 $0 $0
Kathie Bailey Grants Chair 1
Director
$0 $0 $0
Laura Jensen Member 1
Director
$0 $0 $0
Rachel Hensler Member 1
Director
$0 $0 $0
Jim Dake Member 1
Director
$0 $0 $0
Martha Foster Member 1
Director
$0 $0 $0
Susan Leland Secretary 1
Officer Director
$0 $0 $0
Victoria Metz Member 1
Director
$0 $0 $0
Janet Oak Vice President 1
Officer Director
$0 $0 $0
Kim Roehl Member 1
Director
$0 $0 $0
Michelle Banks Member 1
Director
$0 $0 $0
Jane Hanson Member 1
Director
$0 $0 $0
Matt Voigt Member 1
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 $47,669 $64,568 $1,867,176 $-16,899
2023 $16,682 $53,555 $1,704,594 $-36,873
2022 $1,367 $47,693 $1,523,433 $-46,326
2021 $86,913 $33,659 $1,809,126 $53,254
2020 $91,419 $35,980 $1,587,713 $55,439
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