Jim Hedrick And Janice O Lantz Charitable Foundation
Small private foundation shows fluctuating financial health with zero executive compensation.
EIN: 200238894 · Bardstown, KY · NTEE: B82 · Updated: 2026-03-28
Is Jim Hedrick And Janice O Lantz Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jim Hedrick And Janice O Lantz Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jim Hedrick And Janice O Lantz Charitable Foundation
Jim Hedrick And Janice O Lantz Charitable Foundation (EIN: 200238894) is a nonprofit organization based in Bardstown, KY, classified under NTEE code B82. The organization reported total revenue of $22K and total assets of $13K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jim Hedrick And Janice O Lantz Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Jim Hedrick And Janice O Lantz Charitable Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Jim Hedrick And Janice O Lantz Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no salaries are paid to officers, which is highly favorable for a small foundation of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Jim Hedrick And Janice O Lantz Charitable Foundation's IRS 990 filings:
- Inconsistent revenue streams leading to significant asset fluctuations
- Expenses exceeding revenue in multiple years (e.g., 2022, 2019, 2014, 2013, 2012, 2011)
Strengths
The following positive indicators were identified for Jim Hedrick And Janice O Lantz Charitable Foundation:
- Consistent 0% officer compensation, indicating all funds are directed to the mission
- Low liabilities across all reported periods ($1)
- Small operational footprint, likely minimizing administrative overhead
Frequently Asked Questions about Jim Hedrick And Janice O Lantz Charitable Foundation
Is Jim Hedrick And Janice O Lantz Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Jim Hedrick And Janice O Lantz Charitable Foundation (EIN: 200238894) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Jim Hedrick And Janice O Lantz Charitable Foundation spend its money?
Jim Hedrick And Janice O Lantz Charitable Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jim Hedrick And Janice O Lantz Charitable Foundation tax-deductible?
Jim Hedrick And Janice O Lantz Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 200238894). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What specific programs does the Jim Hedrick And Janice O Lantz Charitable Foundation support?
The provided data does not detail specific programs, only financial aggregates. Further investigation into their 990-PF filings would be needed to identify their grant recipients or programmatic activities.
Why do the foundation's assets fluctuate so significantly year-to-year?
Asset fluctuations, such as the drop from $23,814 in 2011 to $3,114 in 2022, could be due to significant grant disbursements in certain years, investment performance, or inconsistent incoming contributions.
Is the foundation financially sustainable given its revenue and expense volatility?
The foundation's financial sustainability is moderate. While it has periods where expenses exceed revenue (e.g., 2022), it also has years where revenue covers expenses (e.g., 2023), suggesting it manages its operations within its means, albeit with some year-to-year variability.
Filing History
IRS 990 filing history for Jim Hedrick And Janice O Lantz Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Jim Hedrick And Janice O Lantz Charitable Foundation's revenue has declined by 71.1%, moving from $33K to $10K. Total assets decreased by 86.7% over the same period, from $24K to $3K. Total functional expenses fell by 77.2%, from $42K to $10K. In its most recent filing year (2023), Jim Hedrick And Janice O Lantz Charitable Foundation reported a surplus of $48, with revenue exceeding expenses. The organization holds $1 in liabilities against $3K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $10K | $10K | $3K | $1 | — | — |
| 2022 | $3K | $10K | $3K | $1 | — | View 990 |
| 2021 | $17K | $11K | $10K | $1 | — | — |
| 2020 | $9K | $9K | $4K | $1 | — | — |
| 2019 | $18K | $32K | $4K | $1 | — | View 990 |
| 2015 | $17K | $16K | $6K | $1 | — | View 990 |
| 2014 | $23K | $27K | $5K | $1 | — | View 990 |
| 2013 | $28K | $34K | $9K | $1 | — | View 990 |
| 2012 | $20K | $29K | $15K | $1 | — | View 990 |
| 2011 | $33K | $42K | $24K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10K, expenses of $10K, and assets of $3K (revenue +197.1% year-over-year).
- 2022: Revenue of $3K, expenses of $10K, and assets of $3K (revenue -81.4% year-over-year).
- 2021: Revenue of $17K, expenses of $11K, and assets of $10K (revenue +93.9% year-over-year).
- 2020: Revenue of $9K, expenses of $9K, and assets of $4K (revenue -50.7% year-over-year).
- 2019: Revenue of $18K, expenses of $32K, and assets of $4K (revenue +9.3% year-over-year).
- 2015: Revenue of $17K, expenses of $16K, and assets of $6K (revenue -29.5% year-over-year).
- 2014: Revenue of $23K, expenses of $27K, and assets of $5K (revenue -15.6% year-over-year).
- 2013: Revenue of $28K, expenses of $34K, and assets of $9K (revenue +38.8% year-over-year).
- 2012: Revenue of $20K, expenses of $29K, and assets of $15K (revenue -39.5% year-over-year).
- 2011: Revenue of $33K, expenses of $42K, and assets of $24K.
Data Sources and Methodology
This transparency report for Jim Hedrick And Janice O Lantz Charitable Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.