VIRGINIA SPORTS HALL OF FAME INC

EIN: 237349939 501(c)(3)

VIRGINIA BEACH, VA

Total Revenue
$-1,467
Total Expenses
$62,779
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
VA
Principal Officer
WILLIAM DRISCOLL
Phone
7573938031
Tax Period
2019-07-01 to 2020-06-30

VIRGINIA SPORTS HALL OF FAME INC, founded in 1972, is a micro nonprofit that reported $1K in total revenue in fiscal year 2019. Revenue fell 100% from the prior year — a significant decline worth monitoring.

Mission

TO HONOR THE ACCOMPLISHMENTS OF VIRGINIA'S FINEST ATHLETES AND TO EDUCATE VISITORS AND PARTICULARLY THE CHILDREN OF THE STATE ABOUT THE VALUE OF SPORTS IN LIVES OF ALL WHO PARTICIPATE.

Program Service Accomplishments

Program 1
Expenses: $62,574

OPERATION OF THE VIRGINIA SPORTS HALL OF FAME MUSEUM COMPLETE WITH EDUCATIONAL EXHIBITS, HANDS-ON ACTIVITIES, MEMORABILIA, ETC. CELEBRATING THE LIVES AND ACCOMPLISHMENTS OF VIRGINIA'S FINEST ATHLETES.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $-2,092
Other Revenue $625
TOTAL REVENUE $-1,467

Expense Breakdown

Grants Paid $60,026
Salaries & Benefits $0
Fundraising Expenses $96
Program Expenses $62,574
Other Expenses $2,753
TOTAL EXPENSES $62,779

Year-over-Year Comparison

2019 2018 Change
Revenue $-1,467 $442,759 -1.0%
Expenses $62,779 $443,010 -0.9%
Net Income $-64,246 $-251 +255.0%
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

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Governance

Voting Members
11
Independent Members
10
Employees
N/A
Volunteers
10

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
1
$66,189
Total Directors
11
$66,189
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DELEGATE RICHARD DICKIE BELL DIRECTOR 1.00
Director
$0 $0 $0
LAUREN BLAND DIRECTOR 1.00
Director
$0 $0 $0
CHARLES CICCOTTI DIRECTOR 1.00
Director
$0 $0 $0
MIKE DAVIS DIRECTOR 1.00
Director
$0 $0 $0
WARREN HARRIS DIRECTOR 1.00
Director
$0 $0 $0
MARTY MILLER DIRECTOR 1.00
Director
$0 $0 $0
ERIN O'BRIEN DIRECTOR 1.00
Director
$0 $0 $0
TOM PARKER DIRECTOR 1.00
Director
$0 $0 $0
GREG W SEE DIRECTOR 1.00
Director
$0 $0 $0
CARL FARRIS DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM DRISCOLL EXECUTIVE DIRECTOR 20.00
Officer Director
$0 $6,189 $66,189
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
2020 $-1,467 $62,779 No data $-64,246
2019 $442,759 $443,010 $64,254 $-251
2018 $118,513 $270,661 $4,009,916 $-152,148
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