BOYS & GIRLS CLUBS OF CENTRAL VIRG… - 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

2014

Legal Domicile

Principal Officer

DAVID L DALLAS JR

Phone

4349719405

Tax Period

2020-07-01 to 2021-06-30

BOYS & GIRLS CLUBS OF CENTRAL VIRGINIA EDUCATIONAL FOUNDATION INC, founded in 2014, is a micro nonprofit in the Youth Development sector that reported $6K in total revenue in fiscal year 2020. Revenue fell 89% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4K, a strong 71% operating margin.

Mission

THE FOUNDATION'S MISSION IS TO PROVIDE GRANTS TO QUALIFYING ORGANIZATIONS IN THE CENTRAL VIRGINIA AREA THAT SERVE THE EDUCATIONAL NEEDS OF DISADVANTAGED CHILDREN AND YOUTH FROM LOW-INCOME BACKGROUNDS THROUGH EDUCATIONAL PROGRAMMING. FUNDED PROGRAMS PROMOTE THE ON-TIME GRADUATION AND HEALTHY LIFESTYLES OF CHILDREN AND YOUTH FROM PRIMARILY LOW-INCOME FAMILIES AND ENABLE THEM TO REALIZE THEIR FULL POTENTIAL AS PRODUCTIVE, RESPONSIBLE, AND CARING CITIZENS.

Program Service Accomplishments

Program 1

Expenses: $186

THE FOUNDATION AWARDS FUNDING TO ORGANIZATIONS THAT SERVE THE EDUCATIONAL NEEDS OF DISADVANTAGED CHILDREN AND YOUTH FROM LOW-INCOME BACKGROUNDS THROUGH EDUCATIONAL PROGRAMMING. THESE ORGANIZATIONS...

THE FOUNDATION AWARDS FUNDING TO ORGANIZATIONS THAT SERVE THE EDUCATIONAL NEEDS OF DISADVANTAGED CHILDREN AND YOUTH FROM LOW-INCOME BACKGROUNDS THROUGH EDUCATIONAL PROGRAMMING. THESE ORGANIZATIONS SERVE THE EDUCATIONAL NEEDS OF CHILDREN AND YOUTH IN CENTRAL VIRGINIA THROUGH EDUCATIONAL PROGRAMMING SUCH AS FINANCIAL LITERACY PROGRAMS, COLLEGE PREPARATION COURSES, HOMEWORK COMPLETION PROGRAMS, SUMMER LEARNING AND READING PROGRAMS, ACADEMIC AND HEALTHY LIFESTYLES INSTRUCTION, AND MENTORSHIP.

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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 (2020)

Revenue Breakdown

Contributions & Grants $6,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $186

Other Expenses $1,733

TOTAL EXPENSES $1,733

Year-over-Year Comparison

	2020	2019	Change
Revenue	$6,000	$56,000	-0.9%
Expenses	$1,733	$58,385	-1.0%
Net Income	$4,267	$-2,385	-2.8%

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
DAVID L DALLAS JR	TREASURER	0.50	Officer Director	$0	$0	$0
GREGORY A HORRIDGE	PRESIDENT	0.50	Officer Director	$0	$0	$0
CHRISTOPHER NOLAND	SECRETARY	0.50	Officer Director	$0	$0	$0
JAMES R PIERCE	EXECUTIVE VICE PRESIDENT	1.50	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
2021	$6,000	$1,733	$4,720	$4,267
2020	$56,000	$58,385	$453	$-2,385
2019	$146,409	$194,936	$2,838	$-48,527
2018	$152,486	$130,320	$51,365	$22,166

BOYS & GIRLS CLUBS OF CENTRAL VIRGINIA EDUCATIONAL FOUNDATION INC