JAMES K POLK MEMORIAL ASSOCIATION

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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

1924

Legal Domicile

Principal Officer

KENDALL STIVERS JONES

Phone

9313882354

Tax Period

2024-07-01 to 2025-06-30

JAMES K POLK MEMORIAL ASSOCIATION, founded in 1924, is a small nonprofit in the Arts, Culture & Humanities sector that reported $361K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $400K exceeded revenue, resulting in a 11% operating deficit.

Mission

OPERATION AND PRESERVATION OF JAMES K. POLK ANCESTRAL HOME.

Program Service Accomplishments

Program 1

Expenses: $336,180

THE ASSOCIATION OPERATES, MAINTAINS, AND PRESERVES THE HOME OF JAMES K. POLK, THE 11TH PRESIDENT OF THE UNITED STATES.

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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 $105,174

Program Service Revenue $0

Investment Income $11,554

Other Revenue $244,507

TOTAL REVENUE $361,235

Expense Breakdown

Grants Paid $0

Salaries & Benefits $183,271

Fundraising Expenses $0

Program Expenses $336,180

Other Expenses $216,472

TOTAL EXPENSES $399,743

Year-over-Year Comparison

	2024	2023	Change
Revenue	$361,235	$405,297	-0.1%
Expenses	$399,743	$359,810	+0.1%
Net Income	$-38,508	$45,487	-1.8%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM BENEFIELD	RECORDING SE	1.00	Officer	$0	$0	$0
JENNIFER FRANKS	PRESIDENT	1.00	Officer	$0	$0	$0
KENDALL STIVERS JONES	PAST PRESIDE	1.00	Officer	$0	$0	$0
JOANNA MATTHEWS	PARLIAMENTAR	1.00	Officer	$0	$0	$0
ASHTON PRINCE	MEMBERSHIP	1.00	Officer	$0	$0	$0
JUDGE CHRIS SOCKWELL	VICE PRESIDE	1.00	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	$361,235	$399,743	$1,703,562	$-38,508
2024	$405,297	$359,810	$1,694,409	$45,487
2023	$400,233	$353,060	$1,651,734	$47,173
2022	$183,039	$254,959	$1,603,137	$-71,920
2021	$368,057	$292,278	$1,681,491	$75,779
2020	$304,319	$381,201	$1,639,761	$-76,882
2019	$490,954	$343,037	$1,693,336	$147,917
2018	$550,641	$342,759	$1,528,597	$207,882