The WEDC Foundation Inc

EIN: 631207448 501(c)(3) Human Services

Huntsville, AL

Total Revenue
$369,859
Total Expenses
$324,066
Total Assets
$1,407,875
Net Assets
$1,400,804
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
AL
Principal Officer
Jennifer Linton
Phone
2564891404
Tax Period
2024-01-01 to 2024-12-31

The WEDC Foundation Inc, founded in 1999, is a small nonprofit in the Human Services sector that reported $322K in total revenue in fiscal year 2019. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $61K, a strong 19% operating margin.

Mission

To provide educational, financial and mentoring support for economically disadvantaged women striving to improve their lives

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $317,013
Program Service Revenue $0
Investment Income $52,846
Other Revenue $0
TOTAL REVENUE $369,859

Expense Breakdown

Grants Paid $0
Salaries & Benefits $102,714
Fundraising Expenses $105,249
Program Expenses $218,817
Other Expenses $221,352
TOTAL EXPENSES $324,066

Year-over-Year Comparison

2024 2023 Change
Revenue $369,859 $329,028 +0.1%
Expenses $324,066 $309,460 +0.0%
Net Income $45,793 $19,568 +1.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
2
Volunteers
30

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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Maike DeMaria President 4.00
Officer Director
$0 $0 $0
Nori Horton Vice President 4.00
Officer Director
$0 $0 $0
Tedi Gordon Secretary 4.00
Officer Director
$0 $0 $0
Michelle Jenkins Treasurer 4.00
Officer Director
$0 $0 $0
Hollie Collins Member 2.00
Director
$0 $0 $0
Mary Grace Evans Member 2.00
Director
$0 $0 $0
Kandy Gardner Member 2.00
$0 $0 $0
Symmetris Gohanna Member 2.00
Director
$0 $0 $0
Diana King Member 2.00
Director
$0 $0 $0
Camillia King-Stanley Member 2.00
Director
$0 $0 $0
Kim Lewis Member 2.00
Director
$0 $0 $0
Julia Malueg Member 2.00
Director
$0 $0 $0
Tamra Ozbolt Member 2.00
Director
$0 $0 $0
Riley Parker Member 2.00
Director
$0 $0 $0
Angela Pounders Member 2.00
Director
$0 $0 $0
Monretta Vega Member 2.00
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 $369,859 $324,066 $1,407,875 $45,793
2023 $329,028 $309,460 $1,309,951 $19,568
2022 $344,350 $283,706 $1,201,843 $60,644
2021 $354,429 $235,779 $1,347,845 $118,650
2020 $205,818 $181,150 $1,162,632 $24,668
2019 $321,518 $260,164 $912,118 $61,354
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