CHESAPEAKE-VIRGINIA BEACH ACHIEVEMENT FUND (EIN 453951598) - 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

Principal Officer

ELEGEAR PRIMUS

Phone

7576204023

Tax Period

2023-01-01 to 2023-12-31

CHESAPEAKE-VIRGINIA BEACH ACHIEVEMENT FUND is a small nonprofit in the Philanthropy & Grantmaking sector that reported $102K in total revenue in fiscal year 2019. The organization ran a surplus of $54K, a strong 53% operating margin.

Mission

TO SERVE AS THE FUNDRAISING ARM OF THE CHAPTER THAT SUPPORTS THE CHARITABLE EFFORTS TO PROVIDE SCHOLARSHIPS, MENTORING, AND COMMUNITY PROGRAMS TO SUPPORT THE DEVELOPMENT OF YOUNG MEN.

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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 $56,066

Program Service Revenue $0

Investment Income $19

Other Revenue $-28,687

TOTAL REVENUE $27,398

Expense Breakdown

Grants Paid $36,233

Salaries & Benefits $0

Fundraising Expenses $765

Program Expenses $37,586

Other Expenses $4,354

TOTAL EXPENSES $40,587

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,398	$16,304	+0.7%
Expenses	$40,587	$61,867	-0.3%
Net Income	$-13,189	$-45,563	-0.7%

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

100

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
ELEGEAR PRIMUS	EXECUTIVE DI	1.00	Officer	$0	$0	$0
JOHN W MAYER JR	VICE DIRECTO	4.00	Officer	$0	$0	$0
GERMAINE WILLIAMS	CFO	2.00	Officer	$0	$0	$0
ANDRE THERCY	FUNDRAISING	1.00	Director	$0	$0	$0
BRIAN WARREN	SECRETARY	1.00	Officer	$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	No data	No data	No data	No data
2023	$27,398	$40,587	$43,625	$-13,189
2022	$16,304	$61,867	$64,859	$-45,563
2021	$35,220	$53,737	$109,333	$-18,517
2020	$90,642	$48,173	$128,495	$42,469
2019	$102,164	$48,289	$81,993	$53,875

CHESAPEAKE-VIRGINIA BEACH ACHIEVEMENT FUND