CAPE CHARLES ROSENWALD SCHOOL RESTORATION INITIATIVE INC (EIN 274056712) - 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

2012

Principal Officer

TEVYA GRIFFIN

Tax Period

2023-08-01 to 2024-07-31

CAPE CHARLES ROSENWALD SCHOOL RESTORATION INITIATIVE INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $310K in total revenue in fiscal year 2018. The organization ran a surplus of $299K, a strong 96% operating margin.

Mission

CAPE CHARLES ROSENWALD SCHOOL RESTORATION INITIATIVE (CCRSRI), INC. SEEKS TO RESTORE THE HISTORIC CAPE CHARLES ELEMENTARY, A ROSENWALD SCHOOL, IN CAPE CHARLES, VIRGINIA, AS A PLACE WHERE A VIBRANT EASTERN SHORE COMMUNITY GATHERS TO LEARN, PLAY AND PROSPER. THE ORGANIZATION'S MISSION IS UNIFYING AND ENERGIZING VIRGINIA'S EASTERN SHORE THROUGH COMMUNITY PARTNERSHIPS AND OPPORTUNITIES FOR FELLOWSHIP, LIFELONG LEARNING AND ECONOMIC EMPOWERMENT FOR ALL. THE ORGANIZATION WAS FOUNDED IN 2012 AS A NON-STOCK CORPORATION BASED IN VIRGINIA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $199,942

Program Service Revenue $0

Investment Income $8,976

Other Revenue $8,337

TOTAL REVENUE $217,255

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $7,230

Program Expenses $559

Other Expenses $34,559

TOTAL EXPENSES $34,559

Year-over-Year Comparison

	2023	2022	Change
Revenue	$217,255	$173,282	+0.3%
Expenses	$34,559	$27,884	+0.2%
Net Income	$182,696	$145,398	+0.3%

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

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
TEVYA GRIFFIN	PRESIDENT	N/A	Officer Director	$0	$0	$0
FELTON SESSOMS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
KIM NORRIS ABOD	TREASURER	N/A	Officer Director	$0	$0	$0
SHIRLEY GALLOWAY	FINANCIAL SE	N/A	Officer Director	$0	$0	$0
CHERYL FENDERSON	SECRETARY	N/A	Officer Director	$0	$0	$0
ELIZABETH WALKER	ASSISTANT SE	N/A	Officer Director	$0	$0	$0
EYRE BALDWIN	BOARD MEMBER	N/A	Director	$0	$0	$0
CHARLES BELL	BOARD MEMBER	N/A	Director	$0	$0	$0
GERALD BOYD	BOARD MEMBER	N/A	Director	$0	$0	$0
DR TONJA BRICKHOUSE	BOARD MEMBER	N/A	Director	$0	$0	$0
BISHOP JAMES DAVIS JR	BOARD MEMBER	N/A	Director	$0	$0	$0
VALENTINE EVANS	BOARD MEMBER	N/A	Director	$0	$0	$0
DR CYNTHIA CARTER	BOARD MEMBER	N/A	Director	$0	$0	$0
DIANNE DAVIS	BOARD MEMBER	N/A	Director	$0	$0	$0
MABEL MITCHELL	BOARD MEMBER	N/A	Director	$0	$0	$0
ROBERTA NEWMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
MARK USRY	BOARD MEMBER	N/A	Director	$0	$0	$0
DR JOSEPH WALTER	BOARD MEMBER	N/A	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	$217,255	$34,559	$1,784,850	$182,696
2023	$173,282	$27,884	$1,525,110	$145,398
2022	$1,060,282	$13,233	$1,379,498	$1,047,049
2021	$14,215	$9,720	$331,653	$4,495
2020	$9,636	$4,856	$320,299	$4,780
2019	$309,764	$11,056	$315,519	$298,708

CAPE CHARLES ROSENWALD SCHOOL RESTORATION INITIATIVE INC