ERIK JONES FOUNDATION

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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

2021

Legal Domicile

Principal Officer

MICHAEL BILL

Phone

2486448910

Tax Period

2024-01-01 to 2024-12-31

ERIK JONES FOUNDATION, founded in 2021, is a small nonprofit in the Education sector that reported $243K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $282K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO CHANGE LIVES BY IGNITING CHILDRENS PASSION FOR READING, ENCOURAGING EARLY CANCER DETECTION AND CARE, AND PROMOTING ANIMAL WELFARE.

Program Service Accomplishments

Program 1

Expenses: $162,751

VARIOUS PROGRAM SERVICES

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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 $80,977

Program Service Revenue $0

Investment Income $2,713

Other Revenue $159,399

TOTAL REVENUE $243,089

Expense Breakdown

Grants Paid $109,400

Salaries & Benefits $121,227

Fundraising Expenses $70,335

Program Expenses $162,751

Other Expenses $51,791

TOTAL EXPENSES $282,418

Year-over-Year Comparison

	2024	2023	Change
Revenue	$243,089	$175,047	+0.4%
Expenses	$282,418	$277,950	+0.0%
Net Income	$-39,329	$-102,903	-0.6%

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

N/A

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
MICHAEL BILL	BOARD MEMBER	002.00	Director	$0	$0	$0
HOLLY JONES	BOARD MEMBER	004.00	Director	$0	$0	$0
ERIK JONES	PRESIDENT	002.00	Officer	$0	$0	$0
CAROL JONES	VICE PRESIDENT / TREASURER	004.00	Officer	$0	$0	$0
BRIAN BARRIE	SECRETARY	004.00	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
2024	$243,089	$282,418	$29,018	$-39,329
2023	$175,047	$277,950	$67,916	$-102,903
2022	$184,835	$37,539	$165,279	$147,296