HAMPTON ROADS WORKFORCE FOUNDATION (EIN 202957424) - 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

2005

Legal Domicile

Principal Officer

SHAWN AVERY

Phone

7573142370

Tax Period

2022-07-01 to 2023-06-30

HAMPTON ROADS WORKFORCE FOUNDATION, founded in 2005, is a small nonprofit in the Employment sector that reported $615K in total revenue in fiscal year 2020. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $592K left a modest 4% surplus.

Mission

ENHANCE AND EXPAND WORKFORCE DEVELOPMENT IN THE AREA, ESPECIALLY FOR YOUTH AND VETERANS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,274,523

Program Service Revenue $0

Investment Income $62

Other Revenue $0

TOTAL REVENUE $1,274,585

Expense Breakdown

Grants Paid $978,973

Salaries & Benefits $0

Fundraising Expenses $84,000

Program Expenses $978,973

Other Expenses $44,712

TOTAL EXPENSES $1,107,685

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,274,585	$1,519,079	-0.2%
Expenses	$1,107,685	$1,686,207	-0.3%
Net Income	$166,900	$-167,128	-2.0%

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

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

$227,539

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DELCENO MILES	CHAIR	2.00	Officer Director	$0	$0	$0
MARK JOHNSON	VICE-CHAIR/TREASURER	2.00	Officer Director	$0	$0	$0
DONALD GOLDBERG	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES MCPHILLIPS	DIRECTOR	2.00	Director	$0	$0	$0
DUDLEY HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM NUSBAUM	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW HODGE	DIRECTOR	2.00	Director	$0	$0	$0
JOHN OLSON	DIRECTOR	2.00	Director	$0	$0	$0
D NATE JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
SHAWN AVERY	SECRETARY	2.00	Officer	$0	$0	$227,539

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	No data	No data	No data	No data
2023	$1,274,585	$1,107,685	$639,137	$166,900
2022	$1,519,079	$1,686,207	$965,149	$-167,128
2021	$614,635	$591,873	$347,472	$22,762

HAMPTON ROADS WORKFORCE FOUNDATION