VIRGINIA EARLY CHILDHOOD FOUNDATION

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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

2005

Legal Domicile

Principal Officer

KATHRYN V GLAZER

Phone

8043588323

Tax Period

2024-07-01 to 2025-06-30

VIRGINIA EARLY CHILDHOOD FOUNDATION, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $86.9M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

VECF IS THE NON-PARTISAN STEWARD OF VIRGINIA'S PROMISE FOR EARLY CHILDHOOD SUCCESS.

Program Service Accomplishments

Program 1

Expenses: $86,636,348

VECF ADMINISTERS SEVERAL LARGE GRANT INITIATIVES WITH THE GOAL OF IMPROVING COMMUNITY AND PARENTAL CAPACITY TO SUPPORT YOUNG CHILDREN'S SCHOOL READINESS. ACCOMPLISHMENTS INCLUDE IMPLEMENTATION OF...

VECF ADMINISTERS SEVERAL LARGE GRANT INITIATIVES WITH THE GOAL OF IMPROVING COMMUNITY AND PARENTAL CAPACITY TO SUPPORT YOUNG CHILDREN'S SCHOOL READINESS. ACCOMPLISHMENTS INCLUDE IMPLEMENTATION OF READY REGIONS, A STATEWIDE NETWORK PROVIDING STRATEGIC LEADERSHIP AND PUBLIC-PRIVATE PARTNERSHIP TO ENSURE EVERY CHILD AND FAMILY HAS ACCESS TO QUALITY CHILD CARE SERVICES, THE MIXED DELIVERY PROGRAM OF FULL DAY, YEAR-ROUND CHILD CARE SERVICES FOR LOW-INCOME FAMILIES WITH CHILDREN FROM BIRTH TO AGE 5, COORDINATED ENROLLMENT OF CHILD CARE SERVICES, AND FAMILY ENGAGEMENT IN SYSTEMS DESIGN.

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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 $86,935,405

Program Service Revenue $0

Investment Income $3,841

Other Revenue $0

TOTAL REVENUE $86,939,246

Expense Breakdown

Grants Paid $80,431,521

Salaries & Benefits $2,245,054

Fundraising Expenses $44,690

Program Expenses $86,636,348

Other Expenses $4,350,996

TOTAL EXPENSES $87,027,571

Year-over-Year Comparison

	2024	2023	Change
Revenue	$86,939,246	$106,099,453	-0.2%
Expenses	$87,027,571	$105,613,920	-0.2%
Net Income	$-88,325	$485,533	-1.2%

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

$277,824

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT HURT	CHAIR EMERITUS	1.00	Director	$0	$0	$0
RICHARD K BYNUM	CHAIR	1.00	Officer Director	$0	$0	$0
MIKE CHINN	DIRECTOR	1.00	Director	$0	$0	$0
TODD ASBURY	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS N CHEWNING	CHAIR EMERITUS	1.00	Director	$0	$0	$0
JASON EL KOUBI	DIRECTOR	1.00	Director	$0	$0	$0
SONYA RAVINDRANATH WADDELL	DIRECTOR	1.00	Director	$0	$0	$0
BEN J DAVENPORT JR	CHAIR EMERITUS	1.00	Director	$0	$0	$0
JAMES DYKE	DIRECTOR	1.00	Director	$0	$0	$0
ALEXIS EHRHARDT EDD	DIRECTOR	1.00	Director	$0	$0	$0
BILL ERMATINGER	CHAIR EMERITUS	1.00	Director	$0	$0	$0
DAVID DORE	DIRECTOR	1.00	Director	$0	$0	$0
AIMEE ROGSTAD GUIDERA	EX OFFICIO	1.00	Director	$0	$0	$0
BRYAN HILL	DIRECTOR	1.00	Director	$0	$0	$0
REGINALD N JONES ESQUIRE	CHAIR EMERITUS	1.00	Director	$0	$0	$0
JANET KELLY	EX OFFICIO	1.00	Director	$0	$0	$0
NED W MASSEE	CHAIR EMERITUS	1.00	Director	$0	$0	$0
CAREN MERRICK	EX OFFICIO	1.00	Director	$0	$0	$0
XAVIER R RICHARDSON	TREASURER	1.00	Officer Director	$0	$0	$0
SHANNON RUDISILL	DIRECTOR	1.00	Director	$0	$0	$0
GARY THOMSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JAMELLE S WILSON	SECRETARY	1.00	Director	$0	$0	$0
EDMOND E HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
BERGEN NELSON	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN V GLAZER	PRESIDENT	40.00	Officer	$260,778	$17,046	$277,824
AMY E HATHEWAY	VICE PRESIDENT OF COMMUNITY NETWORKS	40.00	Highest	$110,001	$18,835	$128,836
BRIDGET K KING	VICE PRESIDENT OF OPERATIONS	40.00	Highest	$102,069	$13,713	$115,782
REBECCA TIPPETT	CHIEF ACCOUNTABILITY OFFICER	40.00	Highest	$122,434	$8,507	$130,941

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	$86,939,246	$87,027,571	$17,450,976	$-88,325
2024	$106,099,453	$105,613,920	$13,660,208	$485,533
2023	$69,347,107	$68,621,242	$19,852,383	$725,865
2022	$41,199,281	$40,641,046	$39,759,006	$558,235
2021	$32,439,149	$33,773,892	$10,491,772	$-1,334,743
2020	$12,233,018	$12,199,756	$5,207,067	$33,262
2019	$5,801,929	$5,784,916	$4,754,895	$17,013
2018	$5,600,917	$5,365,426	$4,391,300	$235,491