CAPE CHARLES ROSENWALD SCHOOL REST… - 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

2012

Principal Officer

TEVYA GRIFFIN

Tax Period

2024-08-01 to 2025-07-31

CAPE CHARLES ROSENWALD SCHOOL RESTORATION INITIATIVE INC, founded in 2012, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 587% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 97% 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.

Program Service Accomplishments

Program 1

Expenses: $462

THE PURPOSE OF THE ORGANIZATION IS AS FOLLOWS: A) TO SERVE AS AN ALLIANCE AND A CATALYST FOR PRESERVATION OF THE HISTORY OF THE CAPE CHARLES ROSENWALD SCHOOL, ITS FACULTY, STAFF & ALUMNI; B) TO...

THE PURPOSE OF THE ORGANIZATION IS AS FOLLOWS: A) TO SERVE AS AN ALLIANCE AND A CATALYST FOR PRESERVATION OF THE HISTORY OF THE CAPE CHARLES ROSENWALD SCHOOL, ITS FACULTY, STAFF & ALUMNI; B) TO ACQUIRE, RESTORE & RENOVATE THE CAPE CHARLES ROSENWALD SCHOOL TO THE POINT THAT IT CAN BE USED FOR THE COMMUNITY GOOD BY CURRENT AND SUCCESSIVE GENERATIONS; C) TO PROVIDE AND SUPPORT HISTORICAL, CULTURAL, & EDUCATIONAL ACTIVITIES RELATED TO THE HISTORY OF THE CAPE CHARLES ROSENWALD SCHOOL, ITS FACULTY, STAFF, ALUMNI, & COMMUNITY; D) TO PROVIDE AND ENCOURAGE RESIDENT ACCESS TO AND PARTICIPATION IN ENTERTAINMENT AND CULTURAL ENRICHMENT ACTIVITIES; E) TO PROMOTE CULTURAL HERITAGE AWARENESS, PRESERVATION, & INVOLVEMENT AMONG RESIDENTS INCLUDING CHILDREN AND YOUTH, IN THE TOWN OF CAPE CHARLES, NORTHAMPTON COUNTY AND THE ENTIRE EASTERN SHORE; F) TO CONDUCT SUCH LAWFUL AFFAIRS CONSISTENT WITH THE ABOVE AND NOT TO BE SPECIFICALLY STATED IN THIS BYLAWS.

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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 $1,461,928

Program Service Revenue $0

Investment Income $23,746

Other Revenue $6,408

TOTAL REVENUE $1,492,082

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,073

Program Expenses $462

Other Expenses $50,948

TOTAL EXPENSES $50,948

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,492,082	$217,255	+5.9%
Expenses	$50,948	$34,559	+0.5%
Net Income	$1,441,134	$182,696	+6.9%

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
ELIZABETH WALKER	ACTING SECRE	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
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
DR CYNTHIA CARTER	BOARD MEMBER	N/A	Director	$0	$0	$0
DIANNE DAVIS	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
CHERYL FENDERSON	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
TRAVIS YOUNG	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
2025	$1,492,082	$50,948	$3,759,741	$1,441,134
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