FORK UNION MILITARY ACADEMY FOUNDATION

EIN: 261779149 501(c)(3) Education

FORK UNION, VA

Total Revenue
$652,355
Total Expenses
$656,779
Total Assets
$3,547,255
Net Assets
$3,546,775
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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
2007
Legal Domicile
VA
Principal Officer
FRANK RENNIE IV
Tax Period
2023-07-01 to 2024-06-30

FORK UNION MILITARY ACADEMY FOUNDATION, founded in 2007, is a small nonprofit in the Education sector that reported $652K in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring. Net assets of $3.5M represent 65 months of operating reserves.

Mission

THE FOUNDATION IS A SUPPORTING ORGANIZATION THAT CARRIES OUT THE EDUCATIONAL, RELIGIOUS AND CHARITABLE PURPOSES OF FORK UNION MILITARY ACADEMY. THE SPECIFIC PURPOSE IS TO RECEIVE, ACQUIRE AND ADMINISTER ASSETS IN SUPPORT OF FORK UNION MILITARY ACADEMY.

Program Service Accomplishments

Program 1
Expenses: $383,107

THE ORGANIZATION CONDUCTS AND SUPPORTS ACTIVITIES THAT CARRY OUT THE EDUCATIONAL, RELIGIOUS AND CHARITABLE PURPOSES OF FORK UNION MILITARY ACADEMY.

Program 2
Expenses: $273,672

THE FOUNDATION RECEIVES, ACQUIRES, MAINTAINS AND ADMINISTERS ASSETS IN SUPPORT OF FORK UNION MILITARY ACADEMY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $649,550
Program Service Revenue $0
Investment Income $2,805
Other Revenue $0
TOTAL REVENUE $652,355

Expense Breakdown

Grants Paid $383,107
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $656,779
Other Expenses $273,672
TOTAL EXPENSES $656,779

Year-over-Year Comparison

2023 2022 Change
Revenue $652,355 $2,171,856 -0.7%
Expenses $656,779 $584,465 +0.1%
Net Income $-4,424 $1,587,391 -1.0%
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
9
Independent Members
9
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
1
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK RENNIE IV CHAIR 0.50
Director
$0 $0 $0
JEFF WEATHERSPOON SECRETARY-TR 0.50
Officer Director
$0 $0 $0
DOUG DALTON DIRECTOR 0.50
Director
$0 $0 $0
EMERSON FARLEY DIRECTOR 0.50
Director
$0 $0 $0
CURTIS HATHAWAY DIRECTOR 0.50
Director
$0 $0 $0
GEORGE TURNER DIRECTOR 0.50
Director
$0 $0 $0
BILL VAKOS DIRECTOR 0.50
Director
$0 $0 $0
THIERRY DUPUIS DIRECTOR 0.50
Director
$0 $0 $0
CORY WESSEL DIRECTOR 0.50
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 No data No data No data No data
2024 $652,355 $656,779 $3,547,255 $-4,424
2023 $2,171,856 $584,465 $3,440,479 $1,587,391
2022 $498,312 $530,314 $1,853,088 $-32,002
2021 $547,067 $573,195 $1,885,090 $-26,128
2020 $493,378 $472,023 $2,134,592 $21,355
2019 $-541,442 $699,678 $2,041,863 $-1,241,120
2018 $5,000 $55,082 $3,303,184 $-50,082
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