VirginiaFIRST

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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

2006

Legal Domicile

Phone

8045728454

Tax Period

2023-07-01 to 2024-06-30

VirginiaFIRST, founded in 2006, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $285K, a strong 26% operating margin.

Mission

The VirginiaFIRST mission is to inspire young people to be science and technology leaders and innovators, by engaging them in exciting mentor-based programs that build science, engineering, and technology skills, that inspire innovation, and that foster well-rounded life capabilities including self-confidence, communication, and leadership.

Program Service Accomplishments

Program 1

Expenses: $671,602 Revenue: $433,281

FIRST inspires young people to be science and technology leaders and innovators by engaging them in exciting mentor-based programs that build science, engineering, and technology skills, that inspire innovation, and that foster well-rounded life capabilities including self-confidence, communication, and leadership. FIRST Chesapeake, an independent 501c3 nonprofit, is the official FIRST Partner Organization for FIRST Robotics Competition and FIRST Tech Challenge across the District of Columbia, Maryland, and Virginia as well as FIRST LEGO League Explore in Maryland.

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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 (2023)

Revenue Breakdown

Contributions & Grants $670,315

Program Service Revenue $413,281

Investment Income $10,629

Other Revenue $0

TOTAL REVENUE $1,094,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $406,310

Fundraising Expenses $55,288

Program Expenses $671,602

Other Expenses $402,418

TOTAL EXPENSES $808,728

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,094,225	$1,120,050	0.0%
Expenses	$808,728	$1,018,972	-0.2%
Net Income	$285,497	$101,078	+1.8%

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

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

$111,871

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alex Bryant	Executive Director	040.00	Officer Highest	$111,871	$0	$111,871

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	$1,094,225	$808,728	$1,064,648	$285,497
2023	$1,120,050	$1,018,972	$585,010	$101,078
2022	$1,013,796	$997,966	$467,652	$15,830
2021	$930,138	$841,066	$590,470	$89,072
2020	$1,102,847	$919,772	$364,641	$183,075