VIRGINIA COUNCIL ON ECONOMIC EDUCA… - Form 990 Financial Data

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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

1970

Legal Domicile

Phone

8048281627

Tax Period

2022-07-01 to 2023-06-30

VIRGINIA COUNCIL ON ECONOMIC EDUCATION, founded in 1970, is a community nonprofit in the Social Science sector that reported $1.0M in total revenue in fiscal year 2022. Revenue decreased 12% compared to the prior year.

Mission

To provide Virginias K-12 students with the economic knowledge and financial skills needed to thrive in our dynamic economy by providing professional development and classroon resources to all Virginia K-12 teachers who teach economics and personal finance at no cost to the teachers or school divisions.

Program Service Accomplishments

Program 1

Expenses: $341,899 Revenue: $181,695

Teacher Education - Provide quality professional development workshops and institutes and classroom materials to K-12 teachers to enable them to more effectively teach their students the economics...

Teacher Education - Provide quality professional development workshops and institutes and classroom materials to K-12 teachers to enable them to more effectively teach their students the economics and personal finance knowledge and skills needed to be successful in our dynamic economy. As a result of the financial support we receive from our partners, this professional development is provided at no cost to the teachers or their schools. In FY23, VCEE provided 58 sessions ranging from one hour to 45 hours in length to 1,322 teachers. In addition, VCEE had 85,143 digital interactions in FY23 via its website, social media and digital newsletter.

Program 2

Expenses: $75,554 Revenue: $72,150

The Personal Finance Teacher Fellowship Program supports school divisions by increasing access to quality personal finance education. Educators are taught by VCEE, and this cohort of highly-qualified Personal Finance Teacher Fellows will then offer personal finance professional development and resources to other teachers in their school, school division, and region. In this way, the VCEE is able to deploy more personal finance resources where they will have a meaningful impact. This investment will help improve education opportunities and economic equity in Virginias underserved communities by ultimately improving the financial knowledge and skills of middle and high school students. In FY23, 13 teachers, representing 10 public school divisions, delivered personal finance professional development to 154 classroom teachers and awarded 308 hours of continuing education credit.

Program 3

Expenses: $95,896 Revenue: $47,425

Stock Market Game - A program for grades 4-12 which provides teachers with a real word simulation to use with their students to teach math, social studies, business, economics and language arts while also learning about the stock market and how to invest wisely. Student teams simulate investing 100,000 and track how their investments perform over the life of the program. In FY23, 3,074 teams representing 12,188 students across Virginia participated in the Stock Market Game. Workshops and webinars were held for teachers to assist them in integrating this program into their curriculum. VCEE also manages the statewide participation in InvestWrite, a writing competition around saving, investing and the stock market.

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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 (2022)

Revenue Breakdown

Contributions & Grants $942,568

Program Service Revenue $31,625

Investment Income $45,835

Other Revenue $0

TOTAL REVENUE $1,020,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $506,442

Fundraising Expenses $48,086

Program Expenses $811,970

Other Expenses $541,042

TOTAL EXPENSES $1,047,484

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,020,028	$1,160,946	-0.1%
Expenses	$1,047,484	$898,016	+0.2%
Net Income	$-27,456	$262,930	-1.1%

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

$132,000

Total Directors

Key Employees