OLD HICKORY COUNCIL INC BOY SCOUTS OF AMERICA

EIN: 560529985 501(c)(3)

WINSTONSALEM, NC

Total Revenue
$3,663,425
Total Expenses
$3,412,304
Total Assets
$5,413,444
Net Assets
$5,202,917
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1943
Legal Domicile
NC
Principal Officer
JACOB ANDREW ARMSTRONG
Phone
3367602900
Tax Period
2024-01-01 to 2024-12-31

OLD HICKORY COUNCIL INC BOY SCOUTS OF AMERICA, founded in 1943, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $3.4M left a modest 7% surplus.

Mission

THE CORPORATION SHALL PROMOTE, WITHIN THE TERRITORY COVERED BY THE CHARTER FROM TIME TO TIME GRANTED IT BY THE BOY SCOUTS OF AMERICA AND IN ACCORDANCE WITH THE CONGRESSIONAL CHARTER, BYLAWS, AND RULES AND REGULATIONS OF THE BOY SCOUTS OF AMERICA, THE SCOUTING PROGRAM OF PROMOTING THE ABILITY OF BOYS AND YOUNG MEN AND WOMEN TO DO THINGS FOR THEMSELVES AND OTHERS, TRAINING THEM IN SCOUTCRAFT, AND TEACHING THEM PATRIOTISM, COURAGE, SELFRELIANCE, AND KINDRED VIRTUES, USING THE METHODS WHICH ARE NOW IN COMMON USE BY THE BOY SCOUTS OF AMERICA

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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 $561,257
Program Service Revenue $2,891,778
Investment Income $20,224
Other Revenue $190,166
TOTAL REVENUE $3,663,425

Expense Breakdown

Grants Paid $8,678
Salaries & Benefits $1,495,897
Fundraising Expenses $101,579
Program Expenses $3,130,520
Other Expenses $1,907,729
TOTAL EXPENSES $3,412,304

Year-over-Year Comparison

2024 2023 Change
Revenue $3,663,425 $2,842,379 +0.3%
Expenses $3,412,304 $3,056,312 +0.1%
Net Income $251,121 $-213,933 -2.2%
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
50
Independent Members
50
Employees
222
Volunteers
2000

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
16
$207,761
Total Directors
50
$207,761
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACOB ANDREW ARMSTRONG SCOUT EXECUTIVE 40.00
Officer Director
$194,819 $12,942 $207,761
JOHN ABERNETHY III DIRECTOR 1.00
Director
$0 $0 $0
SAMUEL BISHOP DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY BLACK DIRECTOR 1.00
Director
$0 $0 $0
BRUCE BRADLEY DIRECTOR 1.00
Director
$0 $0 $0
KENNETH CARLSON COUNCIL PRESIDENT 1.00
Officer Director
$0 $0 $0
KEITH COOKE VP - HEALTH & SAFETY 1.00
Officer Director
$0 $0 $0
SCOTT CRONK DIRECTOR 1.00
Director
$0 $0 $0
LEWIS CURTIS JR DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM HAYES SR DIRECTOR 1.00
Director
$0 $0 $0
ROBERT MASON DIRECTOR 1.00
Director
$0 $0 $0
BRANDON MCCANN DIRECTOR 1.00
Director
$0 $0 $0
MAE SMITHERMAN DIRECTOR 1.00
Director
$0 $0 $0
ROBERT TODD DIRECTOR 1.00
Director
$0 $0 $0
THOMAS TRAVIS DIRECTOR 1.00
Director
$0 $0 $0
ROBERT TURNER SR DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW WHITE DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM BISHOP COUNCIL COMMISSIONER 1.00
Officer Director
$0 $0 $0
DAVID BARKSDALE COUNCIL VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DARON ATKINS VP - DISTRICT OPERATIONS 1.00
Officer Director
$0 $0 $0
MICHAEL MULLIGAN DISTRICT CHAIRMAN - WACHOV 1.00
Officer Director
$0 $0 $0
RANDY HUFFMAN DISTRICT CHAIRMAN - WILKES 1.00
Officer Director
$0 $0 $0
HOMER DEARMIN OA LODGE CHIEF 1.00
Officer Director
$0 $0 $0
STEVE BUMGARNER VP - MARKETING & PUBLIC RE 1.00
Officer Director
$0 $0 $0
ROBERT SEEHAUSEN JR VP - MEMBERSHIP & RELATION 1.00
Officer Director
$0 $0 $0
JAMES GENTRY VP - PROGRAM 1.00
Officer Director
$0 $0 $0
JOHN LOFTIS JR VP - GOVERNANCE/OVERSIGHT 1.00
Officer Director
$0 $0 $0
ROBERT PROCTOR DIRECTOR 1.00
Director
$0 $0 $0
ROBERT ROGERS DIRECTOR 1.00
Director
$0 $0 $0
JAMES MAYBRY DIRECTOR 1.00
Director
$0 $0 $0
ROGER ALDERMAN DIRECTOR 1.00
Director
$0 $0 $0
DANIEL ANTHONY DIRECTOR 1.00
Director
$0 $0 $0
GARY CAGLE DIRECTOR 1.00
Director
$0 $0 $0
HARRISON DEAN DIRECTOR 1.00
Director
$0 $0 $0
DARRELL FAREWELL DIRECTOR 1.00
Director
$0 $0 $0
ALEX GENTRY DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER HULL DIRECTOR 1.00
Director
$0 $0 $0
STEVE KELLEY DIRECTOR 1.00
Director
$0 $0 $0
WILL MADDUX DIRECTOR 1.00
Director
$0 $0 $0
SAM OGBURN JR DIRECTOR 1.00
Director
$0 $0 $0
GREGORY SCOTT DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY SEDLACEK II DISTRICT CHAIRMAN - SEVEN RIVERS 1.00
Officer Director
$0 $0 $0
MIKE SHELTON TREASURER 1.00
Officer Director
$0 $0 $0
JOHNNY SIGERS DIRECTOR 1.00
Director
$0 $0 $0
ERIC SPARKLIN DIRECTOR 1.00
Director
$0 $0 $0
AUBREY TURNER DIRECTOR 1.00
Director
$0 $0 $0
JACOB WHARTON DIRECTOR 1.00
Director
$0 $0 $0
DANIEL YOHANNES DIRECTOR 1.00
Director
$0 $0 $0
PAUL YOUNG DIRECTOR 1.00
Director
$0 $0 $0
PHILIP YOUNT DISTRICT CHAIRMAN - BLUE R 1.00
Officer 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 $3,663,425 $3,412,304 $5,413,444 $251,121
2023 $2,842,379 $3,056,312 $5,097,569 $-213,933
2022 $2,591,992 $3,910,241 $5,235,864 $-1,318,249
2021 $3,453,289 $2,563,846 $6,751,394 $889,443
2020 $1,550,056 $2,539,178 $6,251,163 $-989,122
2019 $2,871,947 $3,122,458 $6,927,881 $-250,511
2018 $2,933,267 $3,099,687 $7,043,638 $-166,420
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