8 Cents in a Jar Inc

EIN: 813359383 501(c)(3) Human Services

Apopka, FL

Total Revenue
$487,621
Total Expenses
$423,214
Total Assets
$428,766
Net Assets
$417,970
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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
2016
Legal Domicile
FL
Principal Officer
Lashea Reaves
Phone
4078019688
Tax Period
2024-01-01 to 2024-12-31

8 Cents in a Jar Inc, founded in 2016, is a small nonprofit in the Human Services sector that reported $488K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $423K left a modest 13% surplus.

Mission

Enlighten youth from under-resourced communities with financial life skills and resources to prevent poverty and rise to a higher economic position. Our impact at 8 Cents in a Jar has produced more financially capable students as they enter adulthood and allow them to climb the socioeconomic ladder (from lower class to middle income). For the first time in the students' family's history, the reliance on applying for public assistance has diminished, and a reality of economic inclusion is within reach.

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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 $487,621
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $487,621

Expense Breakdown

Grants Paid $0
Salaries & Benefits $20,239
Fundraising Expenses $15,365
Program Expenses $316,753
Other Expenses $402,975
TOTAL EXPENSES $423,214

Year-over-Year Comparison

2024 2023 Change
Revenue $487,621 $346,375 +0.4%
Expenses $423,214 $213,690 +1.0%
Net Income $64,407 $132,685 -0.5%
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
10
Independent Members
N/A
Employees
4
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
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lashea Reaves President 20.00
Director
$0 $0 $0
Jamara Wilson Chairman 8.00
Director
$0 $0 $0
Charline Charles-Whittaker Trustee 8.00
Director
$0 $0 $0
Trimeshia Smiley Trustee 8.00
Director
$0 $0 $0
Njeri Gichia-Broussard Trustee 8.00
Director
$0 $0 $0
Clifford Marvin Director 8.00
Director
$0 $0 $0
Danisha Duncan-Phillips Director 8.00
Director
$0 $0 $0
Kendal O'Neal Director 8.00
Director
$0 $0 $0
Patrick Eichholtz Director 8.00
Director
$0 $0 $0
Shannon Latimar Director 8.00
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 $487,621 $423,214 $428,766 $64,407
2023 $346,375 $213,690 $366,565 $132,685
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