VICTORY RIDGE CHARITABLE FUNDINC (EIN 454007009) - Form 990 Financial Analysis & Trantor Score

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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

2011

Legal Domicile

Principal Officer

STEVE WHITAKER

Phone

8636793338

Tax Period

2024-07-01 to 2025-06-30

VICTORY RIDGE CHARITABLE FUNDINC, founded in 2011, is a micro nonprofit in the Education sector that reported $57K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $41K, a strong 73% operating margin.

Mission

VICTORY RIDGE CHARITABLE FUND (VRCF) IS A SUPPORTING ORGANIZATION WHOSE SOLE BENEFICIARY IS VICTORY RIDGE ACADEMY. THE SUPPORTED ORGANIZATION IS A PUBLIC CHARTER SCHOOLS UNDER CONTRACT WITH THE POLK COUNTY SCHOOL BOARD. VRCF ENGAGES IN FUNDRAISING AND PUBLIC RELATIONS ON BEHALF OF THE SCHOOL.

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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 $83,977

Program Service Revenue $0

Investment Income $88

Other Revenue $-27,487

TOTAL REVENUE $56,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,058

Other Expenses $15,198

TOTAL EXPENSES $15,198

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,578	$100,892	-0.4%
Expenses	$15,198	$13,598	+0.1%
Net Income	$41,380	$87,294	-0.5%

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

N/A

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
ERIN FLOYD	VICE CHAIRMA	0.50	Officer Director	$0	$0	$0
DEBRA JOHNSON	BOARD MEMBER	0.50	Director	$0	$0	$0
GANNON OLMERT	SECRETARY/TR	0.50	Officer Director	$0	$0	$0
VIC STORY	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
STEVE WHITAKER	EXECUTIVE DI	0.50	Director	$0	$0	$0
DENNY WITTMAN	BOARD MEMBER	0.50	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	$56,578	$15,198	$21,181,080	$41,380
2024	$100,892	$13,598	$10,878,212	$87,294
2023	$-120,729	$17,898	$10,891,317	$-138,627
2022	$-76,833	$89,134	$5,929,636	$-165,967
2021	$-116,665	$57,364	$6,073,922	$-174,029
2020	$61,992	$19,211	$6,352,341	$42,781
2019	$265,290	$87,136	$5,785,160	$178,154

VICTORY RIDGE CHARITABLE FUNDINC