VERSABILITY RESOURCES INC FRINGE BENEFIT PLAN

EIN: 276203765

HAMPTON, VA

Total Revenue
$2,434,198
Total Expenses
$2,453,087
Total Assets
$86,296
Net Assets
$-193,087
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
VA
Principal Officer
KATHRYN J GRZELKOWSKI
Phone
7578966461
Tax Period
2024-09-01 to 2025-08-31

VERSABILITY RESOURCES INC FRINGE BENEFIT PLAN, founded in 2009, is a small nonprofit that reported $645K in total revenue in fiscal year 2017.

Mission

THE TRUST PROVIDES FRINGE BENEFITS TO EMPLOYEES COVERED BY THE SERVICE CONTRACT ACT. FRING BENEFITS, INCLUDE HEALTH, DENTAL, VISION, LIFE AND SHORT TERM DISABILITY BENEFITS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,434,198
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,434,198

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $87,077
TOTAL EXPENSES $2,453,087

Year-over-Year Comparison

2024 2023 Change
Revenue $2,434,198 $2,169,603 +0.1%
Expenses $2,453,087 $2,157,645 +0.1%
Net Income $-18,889 $11,958 -2.6%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
10

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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHRYN GRZELKOWSKI TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL TOMCHICK TRUSTEE 2.00
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
2025 $2,434,198 $2,453,087 $86,296 $-18,889
2022 $648,753 $676,706 $184,462 $-27,953
2021 $711,934 $725,698 $228,054 $-13,764
2020 $649,617 $653,671 $156,745 $-4,054
2019 $651,919 $662,269 $157,918 $-10,350
2018 $645,309 $667,369 $173,620 $-22,060
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