JOE AND VIRGINIA BANKS MEMORIAL TRUST

EIN: 736210268

ARDMORE, OK

Total Revenue
$90,905
Total Expenses
$80,919
Total Assets
$974,569
Net Assets
$974,569
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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
1983
Legal Domicile
OK
Principal Officer
KACIE WILSON
Phone
5802215317
Tax Period
2025-01-01 to 2025-12-31

JOE AND VIRGINIA BANKS MEMORIAL TRUST, founded in 1983, is a micro nonprofit that reported $91K in total revenue in fiscal year 2025. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $81K left a modest 11% surplus.

Mission

TRUST WITH CHARITABLE BENEFICIARY

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $33,758
Other Revenue $57,147
TOTAL REVENUE $90,905

Expense Breakdown

Grants Paid $66,913
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $66,913
Other Expenses $14,006
TOTAL EXPENSES $80,919

Year-over-Year Comparison

2025 2024 Change
Revenue $90,905 $72,617 +0.3%
Expenses $80,919 $60,285 +0.3%
Net Income $9,986 $12,332 -0.2%
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
1
Independent Members
1
Employees
N/A
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 0.50
$6,853 $0 $6,853
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 $90,905 $80,919 $974,569 $9,986
2024 $72,617 $60,285 $949,827 $12,332
2023 $27,999 $27,543 $858,550 $456
2022 $30,767 $13,091 $822,142 $17,676
2021 $51,565 $20,288 $774,134 $31,277
2020 $34,982 $35,505 $622,990 $-523
2019 $46,822 $37,116 $623,513 $9,706
2018 $45,396 $32,397 $613,748 $12,999
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