VIRGINIA NEW MAJORITY EDUCATION FU… - 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

2010

Legal Domicile

Principal Officer

Jonathan Liss

Phone

8042697848

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA NEW MAJORITY EDUCATION FUND, founded in 2010, is a community nonprofit in the Education sector that reported $6.1M in total revenue in fiscal year 2024. Expenses of $5.6M left a modest 7% surplus.

Mission

New Virginia Majority Education Fund is a grassroots organization that engages low income people and people of color in local communities through leadership development, trainings and workshops, issue education through grassroots organizing and citizenship development through naturalization assistance and clinics, civic engagement, voter education and mobilization.

Program Service Accomplishments

Program 1

Expenses: $3,798,854 Revenue: $2,470,000

Community organizing for low income people of color to expand health care access, educational opportunities, economic opportunities and environmental protection.

Program 2

Expenses: $1,216,910 Revenue: $800,000

Multi-lingual civic engagement including voter registration and educating voters on requirements for voting such as photo identification, issue education, and grassroots election monitoring.

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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 $6,089,724

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,089,724

Expense Breakdown

Grants Paid $110,000

Salaries & Benefits $4,917,901

Fundraising Expenses $42,943

Program Expenses $5,015,764

Other Expenses $605,491

TOTAL EXPENSES $5,633,392

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,089,724	$6,270,822	0.0%
Expenses	$5,633,392	$7,084,683	-0.2%
Net Income	$456,332	$-813,861	-1.6%

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

N/A

Volunteers

189

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

$148,067

Key Employees

$296,825

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tram Nguyen	Co-Executive Director	20	Key Emp Highest	$0	$0	$148,758
Jonathan Liss	Co-Executive Director	30	Director Key Emp Highest	$0	$0	$148,067
Margie del Castillo	Chair	3	Officer Director	$0	$0	$0
Charlene Sinclair	Vice Chair	2	Director	$0	$0	$0
David Broder	Secretary	3	Officer Director	$0	$0	$0
Doris Crouse Mays	Director	3	Director	$0	$0	$0
Jamaa Bickley King	Director	3	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	$6,089,724	$5,633,392	$2,139,177	$456,332
2023	$6,270,822	$7,084,683	$1,374,112	$-813,861
2022	$6,398,902	$6,218,596	$2,516,645	$180,306
2021	$5,450,055	$8,361,792	$3,142,607	$-2,911,737
2020	$7,204,947	$4,645,296	$4,622,977	$2,559,651
2019	$4,466,118	$3,638,229	$1,926,628	$827,889
2018	$3,489,936	$3,183,625	$1,008,109	$306,311

VIRGINIA NEW MAJORITY EDUCATION FUND