OLDE DOMINION AGRICULTURAL FOUNDAT… - 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

2008

Legal Domicile

Principal Officer

ELIZABETH HAMMOND

Phone

4344328026

Tax Period

2024-01-01 to 2024-12-31

OLDE DOMINION AGRICULTURAL FOUNDATION, founded in 2008, is a small nonprofit in the Public & Societal Benefit sector that reported $970K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $937K left a modest 3% surplus.

Mission

OUR MISSION IS TO PROMOTE AND SUPPORT REGIONAL AGRICULTURE WHILE OFFERING A COMMUNITY BASED VENUE TO EDUCATE AND ENTERTAIN. THIS ORGANIZATIONAL MISSION DESCRIBES THE WAY IN WHICH THE FOUNDATION WILL REACH ITS VISION. THE FOUNDATION OFFERS A VENUE THROUGH WHICH A DEEPER UNDERSTANDING OF THE IMPORTANCE OF REGIONAL AND INTERNATIONAL AGRICULTURE IS FOSTERED. THE FOUNDATION HOSTS REGIONAL GROUPS WHO PROVIDE EDUCATIONAL FORUMS TO DISCUSS AGRICULTURAL BEST PRACTICES AND PRODUCTION OPPORTUNITIES. THE FOUNDATION WILL WORK TO CULTIVATE THE NEXT GENERATION OF PRODUCERS THROUGH EDUCATION AND MARKET OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $758,839

PROVIDE FREE OR REDUCED RENTAL FEES IN THE CONFERENCE CENTER AND ARENA TO ORGANIZATIONS FOR AGRICULTURAL USE. TOTAL PROVIDED IN 2024 EQUALING 21 RENTALS HAVING A RETAIL VALUE OF $10,200.

Program 2

PROVIDE FREE RENTAL FEES IN THE CONFERENCE CENTER AND ARENA TO REGIONAL FFA,4H AND OTHER YOUTH ORGANIZATIONS. 25 RENTALS WERE USED IN 2024 WITH A RETAIL VALUE OF $33,600.

Program 3

PROVIDES AN 2,500 SQUARE FEET FARMERS' MARKET PAVILION INCLUDING A BATHROOM FACILITY, ELECTRICITY AND WATER AT NO CHARGE TO PITTSYLVANIA COUNTY REGIONAL FARMERS TO MARKET AND SELL THEIR AGRICULTURE PRODUCTS FROM MAY-SEPTEMBER OF 2024. VALUE OF $25,000 PER SEASON. PITTSYLVANIA COUNTY, VIRGINIA SENDS $25,000 TO THE OLDE DOMINION AGRICULTURAL FOUNDATION TO RUN AND MAINTAIN THE FARMERS' 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 (2024)

Revenue Breakdown

Contributions & Grants $216,348

Program Service Revenue $0

Investment Income $25,760

Other Revenue $728,072

TOTAL REVENUE $970,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $337,854

Fundraising Expenses $13,515

Program Expenses $758,839

Other Expenses $598,806

TOTAL EXPENSES $936,660

Year-over-Year Comparison

	2024	2023	Change
Revenue	$970,180	$752,784	+0.3%
Expenses	$936,660	$928,657	+0.0%
Net Income	$33,520	$-175,873	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER JEFFERSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KEITH VAN ASCH	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ELIZABETH HAMMOND	TREASURER	1.00	Officer Director	$0	$0	$0
TOMMY MATHENA	SECRETARY	1.00	Officer Director	$0	$0	$0
CHUCK ANGIER	BOARD MEMBER	1.00	Director	$0	$0	$0
TOMMY BARRON	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDY BEAUCHAMP	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLIE BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHUCK GROVE	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE MCDOWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID NORRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY OAKES	BOARD MEMBER	1.00	Director	$0	$0	$0
BUDDY SHELTON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAD SHELTON	BOARD MEMBER	1.00	Director	$0	$0	$0
COLBY WARREN	BOARD MEMBER	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
2024	$970,180	$936,660	$8,164,899	$33,520
2023	$752,784	$928,657	$7,488,420	$-175,873
2022	$1,669,919	$917,414	$7,796,072	$752,505
2021	$814,484	$778,713	$7,318,968	$35,771
2020	$662,467	$669,631	$7,394,861	$-7,164
2019	$1,018,545	$695,430	$7,422,447	$323,115
2018	$1,987,951	$502,077	$7,417,495	$1,485,874

OLDE DOMINION AGRICULTURAL FOUNDATION