THE SOUTHEAST VIRGINIA COMMUNITY FOUNDATION (EIN 272529017) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

RICHARD E H WENTZ

Phone

7573975424

Tax Period

2024-01-01 to 2024-12-31

THE SOUTHEAST VIRGINIA COMMUNITY FOUNDATION, founded in 2010, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2018. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $1.2M left a modest 13% surplus.

Mission

SEVACF ENHANCES THE QUALITY OF THE LIFE IN SOUTH HAMPTON ROADS BY CONNECTING PEOPLE WHO CARE WITH CAUSES LARGE AND SMALL, MANAGING CHARITABLE FUNDS, AND PROVIDING GRANTS AND SCHOLARSHIPS FOR (CONTINUED ON SCHEDULE O)

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $300,206

Program Service Revenue $0

Investment Income $989,966

Other Revenue $231,628

TOTAL REVENUE $1,521,800

Expense Breakdown

Grants Paid $635,786

Salaries & Benefits $184,649

Fundraising Expenses $5,863

Program Expenses $880,085

Other Expenses $99,049

TOTAL EXPENSES $919,484

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,521,800	$267,674	+4.7%
Expenses	$919,484	$1,249,304	-0.3%
Net Income	$602,316	$-981,630	-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

Volunteers

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

$67,400

Total Directors

$67,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY W FOLKES	PAST PRES.	3.00	Officer Director	$0	$0	$0
TIMOTHY S CULPEPPER	PAST PRES.	3.00	Officer Director	$0	$0	$0
RICHARD E H WENTZ	CEO	40.00	Officer Director	$67,400	$0	$67,400
STEPHEN KORVING	PRESIDENT	3.00	Officer Director	$0	$0	$0
MICHELLE BUTLER	SECRETARY	3.00	Officer Director	$0	$0	$0
CARL L HARDEE	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
CHARLES G HACKWORTH SR	OFFICER	3.00	Officer Director	$0	$0	$0
THOMAS E WOOD	OFFICER	3.00	Officer Director	$0	$0	$0
CAROLYN BERNARD	DIRECTOR	1.00	Director	$0	$0	$0
DORIS COBB	TREASURER	1.00	Officer Director	$0	$0	$0
BETT CORNETTA	DIRECTOR	1.00	Director	$0	$0	$0
ASHTON LEWIS JR	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MATHESON	DIRECTOR	1.00	Director	$0	$0	$0
DR JOE RAMPERSAD	DIRECTOR	1.00	Director	$0	$0	$0
EMILY ROBBINS	DIRECTOR	1.00	Director	$0	$0	$0
CLAY ROBERTSON	DIRECTOR	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	$1,521,800	$919,484	$18,286,819	$602,316
2023	$267,674	$1,249,304	$16,891,410	$-981,630
2022	$921,181	$1,194,480	$15,296,794	$-273,299
2021	$2,013,297	$1,214,837	$18,769,876	$798,460
2020	$1,944,868	$1,139,355	$16,851,243	$805,513
2019	$2,210,649	$1,223,195	$15,048,351	$987,454
2018	$1,360,635	$1,182,099	$12,673,743	$178,536

THE SOUTHEAST VIRGINIA COMMUNITY FOUNDATION