VIRGINIA INDUSTRY FOUNDATION INC (EIN 205582985) - 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

2007

Legal Domicile

Principal Officer

BRETT VASSEY

Phone

8046437489

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA INDUSTRY FOUNDATION INC, founded in 2007, is a micro nonprofit in the Community Improvement sector that reported $53K in total revenue in fiscal year 2018. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $73K exceeded revenue, resulting in a 37% operating deficit.

Mission

TO PROVIDE SCIENTIFIC EDUCATIONAL INFORMATION, COMPOSE, PUBLISH, AND DISSEMINATE INFORMATION AND STANDARDS DESIGNED TO ADVANCE INDUSTRY AND SPECIFIC EDUCATION, RECOGNIZE INDUSTRIAL, SCIENTIFIC, EDUCATIONAL, WORKPLACE AND ENVIRONMENTAL ACHIEVEMENTS, SUPPORT TECHNOLOGY, INTENSIVE INDUSTRY RESEARCH AND DEVELOPMENT AND SERVE AS A CENTRAL SCIENTIFIC, EDUCATIONAL, AND CHARITABLE RESOURCE FOR INDUSTRY AND THE PUBLIC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $40,349

Program Service Revenue $0

Investment Income $130

Other Revenue $0

TOTAL REVENUE $40,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,751

Other Expenses $15,751

TOTAL EXPENSES $15,751

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,479	$8,516	+3.8%
Expenses	$15,751	$18,768	-0.2%
Net Income	$24,728	$-10,252	-3.4%

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

N/A

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

$303,916

Total Directors

$303,916

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT VASSEY	PRESIDENT	2.00	Officer Director	$0	$23,000	$303,916
CARYN FOSTER DURHAM	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
TANYA COOK	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
RUSSELL MAIT	BOARD MEMBER	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
2024	$40,479	$15,751	$53,037	$24,728
2023	$8,516	$18,768	$9,036	$-10,252
2022	$6,281	$40,548	$27,264	$-34,267
2021	$110,009	$60,104	$60,340	$49,905
2020	$5,558	$5,708	$47,763	$-150
2019	$52,460	$49,046	$52,694	$3,414
2018	$53,029	$72,735	$48,280	$-19,706

VIRGINIA INDUSTRY FOUNDATION INC