NEWPORT NEWS EDUCATIONAL FOUNDATION (EIN 043597390) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

DALE MINGILTON

Phone

7575914747

Tax Period

2023-07-01 to 2024-06-30

NEWPORT NEWS EDUCATIONAL FOUNDATION, founded in 2002, is a small nonprofit in the Education sector that reported $198K in total revenue in fiscal year 2019. The organization ran a surplus of $187K, a strong 94% operating margin.

Mission

THE FOUNDATION'S MISSION IS TO SUPPORT THE NEWPORT NEWS SCHOOL BOARD AND THE NEWPORT NEWS PUBLIC SCHOOL DIVISION IN THEIR EFFORTS TO PREPARE STUDENTS TO ENTER THE WORLD OF WORK WITH THE SKILLS AND KNOWLEDGE THAT WILL ENABLE THEM TO COMPETE SUCCESSFULLY IN THEIR CHOSEN EDUCATIONAL, CAREER AND LIFE ENDEAVORS. THE FOUNDATION IS ESTABLISHED FOR THE EXPRESS PURPOSE OF IMPLEMENTING A PUBLIC/PRIVATE PARTNERSHIP TO IMPLEMENT PUBLIC SCHOOL IMPROVEMENT PROJECTS APPROVED BY THE LOCAL SCHOOL BOARD.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $20,796

Program Service Revenue $0

Investment Income $5,365

Other Revenue $11,027

TOTAL REVENUE $37,188

Expense Breakdown

Grants Paid $7,935

Salaries & Benefits $0

Fundraising Expenses $1,014

Program Expenses $44,277

Other Expenses $38,946

TOTAL EXPENSES $46,881

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,188	$56,337	-0.3%
Expenses	$46,881	$40,086	+0.2%
Net Income	$-9,693	$16,251	-1.6%

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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR NICOLE GUAJARDO	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHARON MARTIN	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
RHONDA BELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HUGH BARLOW	TREASURER	1.00	Officer Director	$0	$0	$0
SYLVIA WEINSTEIN CRAFT	SECRETARY	1.00	Officer Director	$0	$0	$0
DR MICHELLE MITCHELL	SUPERINTENDENT OF SCHOOLS	1.00	Director	$0	$0	$0
TAYLOR BIGLEY	DIRECTOR	1.00	Director	$0	$0	$0
RICK BRANDT	DIRECTOR	1.00	Director	$0	$0	$0
SHARON CONTI	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CRINER	DIRECTOR	1.00	Director	$0	$0	$0
KYLE DEGOOD	DIRECTOR	1.00	Director	$0	$0	$0
KELLY FISCHER	DIRECTOR	1.00	Director	$0	$0	$0
JANET GLASOFER	DIRECTOR	1.00	Director	$0	$0	$0
SABRINA JONES	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LEECH	DIRECTOR	1.00	Director	$0	$0	$0
DR GUY LEVY	DIRECTOR	1.00	Director	$0	$0	$0
DR KELLIE MASON	DIRECTOR	1.00	Director	$0	$0	$0
JESSIE MCDOUGAL	DIRECTOR	1.00	Director	$0	$0	$0
BOB MCKENNA	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MCMILLAN JR	DIRECTOR	1.00	Director	$0	$0	$0
DR ROBIN NELHUEBEL	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE NORDEEN	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH PARKER	DIRECTOR	1.00	Director	$0	$0	$0
DR KERRY RAGNO	DIRECTOR	1.00	Director	$0	$0	$0
SABRINA RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
DARLENE STEPHENSON	DIRECTOR	1.00	Director	$0	$0	$0
DENISE VAUGHAN	DIRECTOR	1.00	Director	$0	$0	$0
MACON WHITSON	DIRECTOR	1.00	Director	$0	$0	$0
DR DEBORAH WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
MRYA LEGGTHRU FEBRUARY 2024	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
DALE MINGILTON	FOUNDATION AND CORPORATE PARTNER LIAISON	32.00	Officer	$0	$0	$0

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
2025	No data	No data	No data	No data
2024	$37,188	$46,881	$210,147	$-9,693
2023	$56,337	$40,086	$219,840	$16,251
2022	$99,106	$255,081	$203,589	$-155,975
2021	$148,425	$40,049	$359,564	$108,376
2020	$198,350	$10,910	$251,188	$187,440

NEWPORT NEWS EDUCATIONAL FOUNDATION