Ralph & Virginia Homan Memorial Trust Fund
EIN: 616156315 · Wheeling, WV
| Metric | Value |
|---|---|
| Total Revenue | $18K |
| Total Expenses | $13K |
| Net Assets | $178K |
Is Ralph & Virginia Homan Memorial Trust Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ralph & Virginia Homan Memorial Trust Fund
Ralph & Virginia Homan Memorial Trust Fund (EIN: 616156315) is a nonprofit organization based in Wheeling, WV. The organization reported total revenue of $18K and total assets of $180K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ralph & Virginia Homan Memorial Trust Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ralph & Virginia Homan Memorial Trust Fund is a micro nonprofit, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10K |
| Total Expenses | $13K |
| Surplus / Deficit | $-2,823 |
| Total Assets | $178K |
| Total Liabilities | $1 |
| Net Assets | $178K |
| Operating Margin | -28.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 165.9 months |
Financial Health Grade: B
In 2023, Ralph & Virginia Homan Memorial Trust Fund reported a deficit of $3K with expenses exceeding revenue, holds 165.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Ralph & Virginia Homan Memorial Trust Fund's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.8% | -15.1% | +8.3% |
| 2022 | -65.6% | +14.5% | -6.4% |
| 2020 | -115.2% | +2.2% | -11.0% |
| 2019 | +41.0% | -7.3% | -6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ralph & Virginia Homan Memorial Trust Fund has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ralph & Virginia Homan Memorial Trust Fund with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Ralph & Virginia Homan Memorial Trust Fund
Is Ralph & Virginia Homan Memorial Trust Fund a legitimate charity?
Ralph & Virginia Homan Memorial Trust Fund (EIN: 616156315) is a registered tax-exempt nonprofit based in West Virginia. It has 10 years of IRS 990 filings on record. Total revenue: $18K. No red flags identified. Financial health grade: B.
How does Ralph & Virginia Homan Memorial Trust Fund spend its money?
Ralph & Virginia Homan Memorial Trust Fund reported $18K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ralph & Virginia Homan Memorial Trust Fund tax-deductible?
Ralph & Virginia Homan Memorial Trust Fund is registered as a tax-exempt nonprofit (EIN: 616156315). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ralph & Virginia Homan Memorial Trust Fund located?
Ralph & Virginia Homan Memorial Trust Fund is headquartered in Wheeling, West Virginia and files with the IRS under EIN 616156315.
How many years of IRS 990 filings does Ralph & Virginia Homan Memorial Trust Fund have?
Ralph & Virginia Homan Memorial Trust Fund has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $18K in total revenue.
Filing History
IRS 990 filing history for Ralph & Virginia Homan Memorial Trust Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ralph & Virginia Homan Memorial Trust Fund's revenue has grown by 69.7%, moving from $6K to $10K. Total assets increased by 6.6% over the same period, from $167K to $178K. Total functional expenses rose by 87.6%, from $7K to $13K. In its most recent filing year (2023), Ralph & Virginia Homan Memorial Trust Fund reported a deficit of $3K, with expenses exceeding revenue. The organization holds $1 in liabilities against $178K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $178K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10K | $13K | $178K | $1 | — | — |
| 2022 | $12K | $15K | $165K | $1 | — | — |
| 2021 | $36K | $13K | $176K | $1 | — | — |
| 2020 | $-1,646 | $13K | $155K | $1 | — | — |
| 2019 | $11K | $12K | $174K | $0 | — | View 990 |
| 2015 | $8K | $13K | $187K | $0 | — | View 990 |
| 2014 | $32K | $13K | $194K | $0 | — | View 990 |
| 2013 | $21K | $12K | $175K | $1 | — | View 990 |
| 2012 | $10K | $11K | $166K | $1 | — | View 990 |
| 2011 | $6K | $7K | $167K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10K, expenses of $13K, and assets of $178K (revenue -18.8% year-over-year).
- 2022: Revenue of $12K, expenses of $15K, and assets of $165K (revenue -65.6% year-over-year).
- 2021: Revenue of $36K, expenses of $13K, and assets of $176K.
- 2020: Revenue of $-1,646, expenses of $13K, and assets of $155K (revenue -115.2% year-over-year).
- 2019: Revenue of $11K, expenses of $12K, and assets of $174K (revenue +41.0% year-over-year).
- 2015: Revenue of $8K, expenses of $13K, and assets of $187K (revenue -76.1% year-over-year).
- 2014: Revenue of $32K, expenses of $13K, and assets of $194K (revenue +50.9% year-over-year).
- 2013: Revenue of $21K, expenses of $12K, and assets of $175K (revenue +106.9% year-over-year).
- 2012: Revenue of $10K, expenses of $11K, and assets of $166K (revenue +72.8% year-over-year).
- 2011: Revenue of $6K, expenses of $7K, and assets of $167K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ralph & Virginia Homan Memorial Trust Fund:
Data Sources and Methodology
This transparency report for Ralph & Virginia Homan Memorial Trust Fund 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.