Old Jamestown School Association I… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

Gary Haynes

Phone

3364544815

Tax Period

2024-01-01 to 2024-12-31

Old Jamestown School Association Inc, founded in 1986, is a small nonprofit that reported $238K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $204K left a modest 14% surplus.

Mission

The Old Jamestown School Association provides the community of Jamestown NC and the surrounding area with the Jamestown Public Library and the Old Jamestown School Alumni Association

Program Service Accomplishments

Program 1

Expenses: $182,073 Revenue: $0

The Library provides a caring and compassionate community center that nurtures lifelong readers and lifelong learners, provides free access to literature, culture and information through books and...

The Library provides a caring and compassionate community center that nurtures lifelong readers and lifelong learners, provides free access to literature, culture and information through books and other resources, respects the cultural and historical heritage of the community and helps the people of Jamestown and the surrounding communities to live more meaningful and informed lives. In 2023 the Library served 143,044 patrons, lent 35386 library materials including books, ebooks, books on tape, CDs, DVDs and periodicals and provided public computers and free wifi to patrons.

Program 2

Expenses: $0 Revenue: $0

The Alumni Association fosters the cultural and historic heritage of the community by maintaining contact information for living alumni and records regarding deceased alumni. It also funds the Old...

The Alumni Association fosters the cultural and historic heritage of the community by maintaining contact information for living alumni and records regarding deceased alumni. It also funds the Old Jamestown School Archive and assists with the funding of the building restoration and maintenance.

Program 3

Expenses: $0 Revenue: $0

The Friends of the Library supports library operations by sponsoring fundraisers, lecture series and other special events that extend the Librarys exposure to the public beyond its normal day to day function. This organization has taken a key role in providing many of the volunteers that assist library operations on a daily basis

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $152,212

Program Service Revenue $8,278

Investment Income $61,718

Other Revenue $15,954

TOTAL REVENUE $238,162

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,504

Fundraising Expenses $0

Program Expenses $182,073

Other Expenses $96,928

TOTAL EXPENSES $204,432

Year-over-Year Comparison

	2024	2023	Change
Revenue	$238,162	$197,153	+0.2%
Expenses	$204,432	$204,481	0.0%
Net Income	$33,730	$-7,328	-5.6%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

$40,364

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jim McGaha	Library Manager	40.00	Key Emp	$40,364	$0	$40,364
Bill Ameen	Director	0.25	Director	$0	$0	$0
Allyson Carter	Director	0.50	Director	$0	$0	$0
Julia Ebel	Director	2.00	Director	$0	$0	$0
Sarah Gibson	Treasurer	8.00	Officer	$0	$0	$0
Gary Haynes	Chair	10.00	Officer	$0	$0	$0
Steve Johnson	Director	0.25	Director	$0	$0	$0
Cara Arena	Director	0.25	Director	$0	$0	$0
Nancy Wilson	Director	0.50	Director	$0	$0	$0
Wid Painter	Director	0.25	Director	$0	$0	$0
Danny Priddy	Director	0.25	Director	$0	$0	$0
Rebecca Mann Rayborn	Vice Chair	1.00	Officer	$0	$0	$0
Jean Regan	Secretary	8.00	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
2025	No data	No data	No data	No data
2024	$238,162	$204,432	$1,064,600	$33,730
2023	$197,153	$204,481	$1,012,122	$-7,328
2022	$252,596	$156,822	$965,279	$95,774
2021	$220,872	$163,421	$974,085	$57,451
2020	$293,840	$155,121	$916,439	$138,719
2019	$195,717	$158,236	$722,236	$37,481
2018	$165,175	$158,766	$625,051	$6,409

Old Jamestown School Association Inc