Addison Hutchison Foundation

Nonprofit profile at a glance

EIN
842876442
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Mooresville, NC, USA
Phone
9893023428
Rating
37
Verdict
REVIEW
Rating confidence
Moderate
Sector
Private Independent Foundations

Reported finances

Revenue
$41,197
Expenses
$51,429
Assets
$130,756
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Shane Hutchison (President)
  • Sandi Vanwormer (Vice President)
  • Shelley Hutchison (Executive Director)

People named in this filing

  • Shane Hutchison (President)
  • Sandi Vanwormer (Vice President)
  • Elizabeth Loiacano (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support our youth through educational, athletic and spiritual support. These areas are critical for the growth and development of each and every child. We aim to help foster that growth through the foundation and it's continued research in Sudden Unexpected Death in Epilepsy (SUDEP).

What it reported doing in 2024

Annual Lakeshore Elementary & Middle School Scholarship "Grit & Grin" award is awarded to at least two deserving students who don't necessarily have the best grades but have not given up and have great attitudes and are willing to show empathy and assistance to fellow classmates. This award benefits children each year. This award is given in Addison's memory.

Operating model

Revenue model
Donor-supported. 75% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 1
  • Transparency & Controls: 82
  • Sustainability: 45
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0.5%; rating input score 1
  • Program expense ratio: 0.4%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -24.8%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 2.54; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -82.8% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -10.3% per year; rating input score 0; 24th percentile among comparable filings
  • Asset growth: 7.9% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 0.5% of revenue deployed · 0.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 8 filed program accomplishments · $222 in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 1/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 21/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.