MY VERY OWN BLANKET PROJECT INC

EIN: 900198206 501(c)(3) Human Services

WESTERVILLE, OH

Total Revenue
$2,422,522
Total Expenses
$2,356,421
Total Assets
$481,318
Net Assets
$478,225
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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
2003
Legal Domicile
OH
Principal Officer
JESSICA RUDOLPH
Phone
6145303327
Tax Period
2024-01-01 to 2024-12-31

MY VERY OWN BLANKET PROJECT INC, founded in 2003, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

MY VERY OWN BLANKET IS DEDICATED TO WARMING THE HEART OF EVERY CHILD IN THE FOSTER CARE SYSTEM WITH A BLANKET WHICH GIVES THEM A FEELING OF COMFORT, SECURITY, AND MOST OF ALL, A SMILE.WE CONNECT DIVERSE PEOPLE, COMMUNITY GROUPS, BUSINESSES AND SERVICES THROUGH THIS VOLUNTEER OPPORTUNITY AND MINISTRY TO OUR CHILDREN IN FOSTER CARE. THESE GIFTS ARE COMFORTING AND FAMILIAR AND CHILDREN CAN TAKE THEM FROM ONE HOME TO ANOTHER.THROUGH THE LOVING CARE OF VOLUNTEERS, THOUSANDS OF BLANKETS ARE DONATED EACH YEAR TO CHILDREN IN FOSTER CARE. EACH BLANKET IS PERSONALIZED WITH THE CHILD'S NAME.

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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 $2,417,237
Program Service Revenue $0
Investment Income $5,285
Other Revenue $0
TOTAL REVENUE $2,422,522

Expense Breakdown

Grants Paid $0
Salaries & Benefits $169,154
Fundraising Expenses $515,018
Program Expenses $1,605,933
Other Expenses $2,187,267
TOTAL EXPENSES $2,356,421

Year-over-Year Comparison

2024 2023 Change
Revenue $2,422,522 $2,638,502 -0.1%
Expenses $2,356,421 $2,520,628 -0.1%
Net Income $66,101 $117,874 -0.4%
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
6
Independent Members
6
Employees
5
Volunteers
66

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
5
$96,800
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM PRICE BOARD CHAIR 1.00
Officer Director
$0 $0 $0
RANDY GABEL BOARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
BRITTANY YODER TREASURER 1.00
Officer Director
$0 $0 $0
ROBYN NEWMAN BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID ROWLAND BOARD MEMBER 1.00
Director
$0 $0 $0
HUNTER LEGAZI BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA RUDOLPH CEO 40.00
Officer
$96,800 $0 $96,800
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 $2,422,522 $2,356,421 $481,318 $66,101
2023 $2,638,502 $2,520,628 $396,957 $117,874
2022 $2,485,684 $2,379,936 $266,194 $105,748
2021 $1,744,701 $1,710,399 $161,967 $34,302
2020 $1,322,090 $1,322,816 $128,827 $-726
2019 $1,385,111 $1,299,965 $138,348 $85,146
2018 $312,707 $305,542 $53,202 $7,165
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