LEGAL SERVICES CORP OF VIRGINIA (EIN 510175735) - 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

Formation Year

1975

Legal Domicile

Principal Officer

TIM FREILICH

Phone

8047829438

Tax Period

2024-07-01 to 2025-06-30

LEGAL SERVICES CORPORATION OF VA, founded in 1975, is a mid-sized nonprofit in the Crime & Legal sector that reported $11.8M in total revenue in fiscal year 2017.

Mission

LEGAL SERVICES CORPORATION OF VIRGINIA SUPPORTS THE PROVISION OF CIVIL LEGAL ASSISTANCE TO INDIGENT INDIVIDUALS THROUGHOUT VIRGINIA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $31,474,005

Program Service Revenue $0

Investment Income $1,165,374

Other Revenue $0

TOTAL REVENUE $32,639,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $689,611

Fundraising Expenses $0

Program Expenses $26,278,015

Other Expenses $25,854,656

TOTAL EXPENSES $26,544,267

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,639,379	$32,614,564	+0.0%
Expenses	$26,544,267	$19,706,653	+0.3%
Net Income	$6,095,112	$12,907,911	-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

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

$187,009

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM FREILICH	EXECUTIVE DI	40.00	Officer	$187,009	$0	$187,009
JACK L HARRIS	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
LUIS PEREZ	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
EDGAR ARANDA-YANOC	BOARD OF DIR	1.00		$0	$0	$0
JOSEPH CARICO	BOARD OF DIR	1.00		$0	$0	$0
ANGELA CIOLFI	BOARD OF DIR	1.00		$0	$0	$0
JIM FERGUSON	BOARD OF DIR	1.00		$0	$0	$0
BRIANA GREEN	BOARD OF DIR	1.00		$0	$0	$0
MICHAEL HERRING	BOARD OF DIR	1.00		$0	$0	$0
JOSEPH SPRUILL III	BOARD OF DIR	1.00		$0	$0	$0
DALE PITTMAN	BOARD OF DIR	1.00		$0	$0	$0
STEPHEN ROSENTHAL	BOARD OF DIR	1.00		$0	$0	$0
CAMERON ROUNTREE	BOARD OF DIR	1.00		$0	$0	$0
MARK RUBIN	BOARD OF DIR	1.00		$0	$0	$0
AMY STRITE	BOARD OF DIR	1.00		$0	$0	$0
DEBRA GRANT	PRESIDENT	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
2025	$32,639,379	$26,544,267	$33,941,442	$6,095,112
2024	$32,614,564	$19,706,653	$28,007,635	$12,907,911
2023	$24,779,588	$17,306,439	$16,408,692	$7,473,149
2022	$14,922,389	$15,368,901	$10,646,853	$-446,512
2021	$12,443,409	$14,365,958	$9,788,405	$-1,922,549
2020	$13,077,411	$13,346,582	$8,724,311	$-269,171
2019	$12,189,066	$11,924,795	$8,892,677	$264,271
2018	$11,822,780	$11,846,548	$8,484,712	$-23,768

LEGAL SERVICES CORP OF VIRGINIA