BLUE SKY FUND

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

SARAH HUNNICUTT

Phone

8044104273

Tax Period

2024-07-01 to 2025-06-30

BLUE SKY FUND, founded in 2007, is a community nonprofit in the Youth Development sector that reported $1.4M in total revenue in fiscal year 2024. The organization ran a surplus of $383K, a strong 26% operating margin.

Mission

BLUE SKY FUND PROVIDES TRANSFORMATIONAL EXPERIENCES FOR RICHMOND AREA YOUTH THROUGH OUTDOOR EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $801,108 Revenue: $106,565

ALL PROGRAM SERVICES IN 2024-2025 FOCUSED ON ENRICHING THE LIVES AND EDUCATION OF YOUTH FROM DISADVANTAGED NEIGHBORHOODS AND INCLUDED: (1) EXPLORERS, A SCIENCE BASED OUTDOOR EDUCATION PROGRAM WORKING WITH 1,923 PUBLIC SCHOOL STUDENTS IN 3RD THROUGH 5TH GRADES FROM LOW-INCOME AND UNDERPERFORMING ELEMENTARY SCHOOLS. STUDENTS PARTICIPATE IN SEVERAL FIELD TRIPS PER SCHOOL YEAR THAT ENHANCE STUDENT COMPREHENSION OF THE SOL SCIENCE STANDARDS RESPECTIVE TO EACH GRADE. (2) OUTDOOR LEADERSHIP INSTITUTE, A YEAR-ROUND LEADERSHIP PROGRAM WORKING WITH 21 HIGH SCHOOL YOUTH FROM DIVERSE SOCIO-ECONOMIC BACKGROUNDS TO BUILD LEADERSHIP, UNITY AND COMMUNITY INVOLVEMENT THROUGH REGULAR SERVICE PROJECTS AND OUTDOOR ADVENTURE. (3)OUTDOOR ADVENTURE CLUBS, A WEEKLY AFTER-SCHOOL PROGRAM WORKING WITH 222 SECONDARY SCHOOL STUDENTS THAT TEACHES ADVENTURE SKILLS, EXPLORES NATURE, AND FOSTERS RESILIENCY AND CHARACTER DEVELOPMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,357,947

Program Service Revenue $106,565

Investment Income $8,957

Other Revenue $-23,564

TOTAL REVENUE $1,449,905

Expense Breakdown

Grants Paid $0

Salaries & Benefits $763,606

Fundraising Expenses $192,469

Program Expenses $801,108

Other Expenses $303,196

TOTAL EXPENSES $1,066,802

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,449,905	$1,344,530	+0.1%
Expenses	$1,066,802	$930,485	+0.1%
Net Income	$383,103	$414,045	-0.1%

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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

Volunteers

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

$97,890

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH HUNNICUTT	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARGO WEBB	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KATHY HOVERMAN PE	SECRETARY	1.00	Officer Director	$0	$0	$0
DARIN MOORE	TREASURER	1.00	Officer Director	$0	$0	$0
AMANDA PAYNE	EXECUTIVE DI	40.00	Officer	$97,890	$0	$97,890
MIRIAM AIRINGTON-FISHER	DIRECTOR	1.00	Director	$0	$0	$0
KAREN BUTTERFIELD	DIRECTOR	1.00	Director	$0	$0	$0
SUE DAVIES	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE GERBER	DIRECTOR	1.00	Director	$0	$0	$0
NINA MARINO	DIRECTOR	1.00	Director	$0	$0	$0
BRAD NOTT	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS PIPER	DIRECTOR	1.00	Director	$0	$0	$0
JUMMAI SARKI-HURD	DIRECTOR	1.00	Director	$0	$0	$0
GAIL MADDOX TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
TY TOEPKE	DIRECTOR	1.00	Director	$0	$0	$0
LOGAN VETROVEC	DIRECTOR	1.00	Director	$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	$1,449,905	$1,066,802	$1,436,276	$383,103
2024	$1,344,530	$930,485	$1,073,476	$414,045
2023	$967,502	$877,551	$634,321	$89,951
2022	$793,324	$712,580	$542,100	$80,744
2020	$642,367	$590,650	$453,925	$51,717
2019	$741,779	$782,878	$287,664	$-41,099
2018	$719,959	$739,327	$323,763	$-19,368