SUFFOLK FOUNDATION (EIN 205998525) - 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

2006

Legal Domicile

Principal Officer

O KERMIT HOBBS JR

Phone

7579239090

Tax Period

2025-01-01 to 2025-12-31

SUFFOLK FOUNDATION, founded in 2006, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.3M in total revenue in fiscal year 2018. Revenue surged 167% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 84% operating margin.

Mission

THE MISSION OF THE SUFFOLK FOUNDATION IS TO BENEFIT THE PEOPLE OF SUFFOLK AND WESTERN TIDEWATER BY FACILITATING AND DEVELOPING PHILANTHROPY, AND BY AWARDING GRANTS AND SCHOLARSHIPS TO MEET LOCAL COMMUNITY NEEDS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $4,741,673

Program Service Revenue $0

Investment Income $1,069,644

Other Revenue $175,043

TOTAL REVENUE $5,986,360

Expense Breakdown

Grants Paid $1,502,146

Salaries & Benefits $178,064

Fundraising Expenses $38,299

Program Expenses $1,966,583

Other Expenses $376,247

TOTAL EXPENSES $2,056,457

Year-over-Year Comparison

	2025	2024	Change
Revenue	$5,986,360	$7,055,591	-0.2%
Expenses	$2,056,457	$1,580,367	+0.3%
Net Income	$3,929,903	$5,475,224	-0.3%

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

$99,375

Total Directors

$99,375

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRY LEE CROSS III	DIRECTOR	1.00	Director	$0	$0	$0
S CHRIS JONES	DIRECTOR	1.00	Director	$0	$0	$0
VERNON M TOWLER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LEROY BENNETT	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES E BUTLER III	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY K PALMER	TREASURER	1.00	Officer Director	$0	$0	$0
CARL L FARRIS JR	DIRECTOR	1.00	Director	$0	$0	$0
LES HALL	DIRECTOR	1.00	Director	$0	$0	$0
O KERMIT HOBBS JR	PRESIDENT	10.00	Officer Director	$0	$0	$0
DAVID MILES	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE OVERTON	DIRECTOR	1.00	Director	$0	$0	$0
DR SHARON A RAGHUBAR	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE BIRDSONG	DIRECTOR	1.00	Director	$0	$0	$0
SHERI ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH N WEBB JR	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET N WILEY	DIRECTOR	1.00	Director	$0	$0	$0
BJ WILLIE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HOST	DIRECTOR	1.00	Director	$0	$0	$0
LORELEI C MORROW	EXECUTIVE DI	40.00	Officer Director	$99,375	$0	$99,375
MARY HENSLEY	DIRECTOR	1.00	Director	$0	$0	$0
WHITNEY G SAUNDERS	DIRECTOR	1.00	Director	$0	$0	$0
BETSY TOTTEN	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	$5,986,360	$2,056,457	$22,180,844	$3,929,903
2024	$7,055,591	$1,580,367	$17,767,454	$5,475,224
2023	$1,201,852	$1,126,082	$12,251,749	$75,770
2022	$1,330,106	$950,723	$11,006,379	$379,383
2021	$1,568,814	$903,332	$12,669,857	$665,482
2020	$1,121,897	$926,393	$11,369,863	$195,504
2019	$1,052,954	$749,687	$10,430,212	$303,267
2018	$3,275,621	$533,931	$8,681,724	$2,741,690

SUFFOLK FOUNDATION