Westmoreland Davis Memorial Foundation Inc
Westmoreland Davis Memorial Foundation maintains stable assets and reports no officer compensation over a decade.
EIN: 136170029 · Leesburg, VA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $4.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $19.1M |
| Transparency Score | 85/100 |
Is Westmoreland Davis Memorial Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Westmoreland Davis Memorial Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Westmoreland Davis Memorial Foundation Inc
Westmoreland Davis Memorial Foundation Inc (EIN: 136170029) is a nonprofit organization based in Leesburg, VA. The organization reported total revenue of $5.2M and total assets of $19.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westmoreland Davis Memorial Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Westmoreland Davis Memorial Foundation Inc is a mid-size nonprofit that has been operating for 69 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.0M |
| Total Expenses | $4.4M |
| Surplus / Deficit | $-413,916 |
| Total Assets | $19.6M |
| Total Liabilities | $442K |
| Net Assets | $19.1M |
| Operating Margin | -10.3% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 52.8 months |
Financial Health Grade: B
In 2023, Westmoreland Davis Memorial Foundation Inc reported a deficit of $414K with expenses exceeding revenue, holds 52.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Westmoreland Davis Memorial Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.1% | -1.6% | -2.3% |
| 2022 | +13.8% | +6.5% | +2.1% |
| 2021 | +3.7% | +14.6% | +0.6% |
| 2020 | +14.9% | -7.5% | +2.5% |
| 2019 | +7.6% | +7.4% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1230 |
| IRS Ruling Date | 1957 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Westmoreland Davis Memorial Foundation Inc with a Mission Score of 85 out of 100 (Excellent). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Westmoreland Davis Memorial Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $414K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization with annual revenues exceeding $4 million and assets nearing $20 million. This suggests either a volunteer-led executive team or compensation structured in a way that is not categorized as 'officer compensation' on the 990, which warrants further inquiry for complete transparency.
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 Westmoreland Davis Memorial Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data prevents a precise efficiency analysis.
- 0% officer compensation is unusual for an organization of this size and could indicate compensation is reported in other categories, requiring further investigation for full transparency.
Strengths
The following positive indicators were identified for Westmoreland Davis Memorial Foundation Inc:
- Consistent financial stability with assets around $19-20 million.
- Significant reduction in liabilities over the past decade, from over $1 million to $442,376 in 2023.
- Reports 0% officer compensation across all filings, suggesting a strong commitment to mission-focused spending.
- Long history of IRS 990 filings (10 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about Westmoreland Davis Memorial Foundation Inc
Is Westmoreland Davis Memorial Foundation Inc a legitimate charity?
Westmoreland Davis Memorial Foundation Inc (EIN: 136170029) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $5.2M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Westmoreland Davis Memorial Foundation Inc spend its money?
Westmoreland Davis Memorial Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Westmoreland Davis Memorial Foundation Inc tax-deductible?
Westmoreland Davis Memorial Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136170029). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Westmoreland Davis Memorial Foundation Inc CEO make?
Westmoreland Davis Memorial Foundation Inc's highest-compensated officer earns $4 annually. The organization reported $5.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Westmoreland Davis Memorial Foundation Inc's spending goes to programs?
Westmoreland Davis Memorial Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Westmoreland Davis Memorial Foundation Inc located?
Westmoreland Davis Memorial Foundation Inc is headquartered in Leesburg, Virginia and files with the IRS under EIN 136170029.
How many years of IRS 990 filings does Westmoreland Davis Memorial Foundation Inc have?
Westmoreland Davis Memorial Foundation Inc 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 $5.2M in total revenue.
Is Westmoreland Davis Memorial Foundation Inc a good charity?
Based on the available IRS 990 data, the foundation appears to be a good charity. It demonstrates strong financial stability with consistent assets, a trend of decreasing liabilities, and notably, reports 0% officer compensation, indicating a strong commitment to its mission over executive pay.
How does the organization manage its executive compensation?
The organization consistently reports 0% officer compensation in its IRS 990 filings. This is a significant positive for resource allocation, but it would be beneficial to understand how executive leadership is compensated, if at all, to ensure full transparency.
What is the trend in the organization's financial health?
The organization shows a stable financial trend. Assets have consistently remained around $19-20 million, and liabilities have significantly decreased from over $1 million to $442,376 in 2023, indicating prudent financial management.
Filing History
IRS 990 filing history for Westmoreland Davis Memorial Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Westmoreland Davis Memorial Foundation Inc's revenue has grown by 22.3%, moving from $3.3M to $4.0M. Total assets increased by 11.6% over the same period, from $17.6M to $19.6M. Total functional expenses rose by 55.6%, from $2.9M to $4.4M. In its most recent filing year (2023), Westmoreland Davis Memorial Foundation Inc reported a deficit of $414K, with expenses exceeding revenue. The organization holds $442K in liabilities against $19.6M in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $19.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.0M | $4.4M | $19.6M | $442K | — | View 990 |
| 2022 | $5.0M | $4.5M | $20.1M | $694K | — | View 990 |
| 2021 | $4.4M | $4.2M | $19.6M | $671K | — | — |
| 2020 | $4.3M | $3.7M | $19.5M | $731K | — | — |
| 2019 | $3.7M | $4.0M | $19.1M | $855K | — | View 990 |
| 2015 | $3.5M | $3.7M | $19.0M | $1.1M | — | View 990 |
| 2014 | $4.5M | $3.5M | $19.3M | $1.1M | — | View 990 |
| 2013 | $4.4M | $3.5M | $18.3M | $1.1M | — | View 990 |
| 2012 | $3.2M | $3.1M | $17.6M | $1.2M | — | View 990 |
| 2011 | $3.3M | $2.9M | $17.6M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.0M, expenses of $4.4M, and assets of $19.6M (revenue -20.1% year-over-year).
- 2022: Revenue of $5.0M, expenses of $4.5M, and assets of $20.1M (revenue +13.8% year-over-year).
- 2021: Revenue of $4.4M, expenses of $4.2M, and assets of $19.6M (revenue +3.7% year-over-year).
- 2020: Revenue of $4.3M, expenses of $3.7M, and assets of $19.5M (revenue +14.9% year-over-year).
- 2019: Revenue of $3.7M, expenses of $4.0M, and assets of $19.1M (revenue +7.6% year-over-year).
- 2015: Revenue of $3.5M, expenses of $3.7M, and assets of $19.0M (revenue -23.0% year-over-year).
- 2014: Revenue of $4.5M, expenses of $3.5M, and assets of $19.3M (revenue +2.2% year-over-year).
- 2013: Revenue of $4.4M, expenses of $3.5M, and assets of $18.3M (revenue +38.3% year-over-year).
- 2012: Revenue of $3.2M, expenses of $3.1M, and assets of $17.6M (revenue -3.5% year-over-year).
- 2011: Revenue of $3.3M, expenses of $2.9M, and assets of $17.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Westmoreland Davis Memorial Foundation Inc:
Data Sources and Methodology
This transparency report for Westmoreland Davis Memorial Foundation Inc 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.