NORFOLK BOTANICAL GARDEN FOUNDATION (EIN 510244918) - 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

1980

Legal Domicile

Principal Officer

ANN P STOKES

Phone

7574415830

Tax Period

2023-07-01 to 2024-06-30

Norfolk Botanical Gardens Foundation, founded in 1980, is a small nonprofit in the Environment sector that reported $748K in total revenue in fiscal year 2017. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $894K exceeded revenue, resulting in a 20% operating deficit.

Mission

CARRY OUT CHARITABLE, LITERARY, EDUCATIONAL, & SCIENTIFIC PURPOSES OF NORFOLK BOTANICAL GARDEN INC.

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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 $3,200

Program Service Revenue $0

Investment Income $229,057

Other Revenue $0

TOTAL REVENUE $232,257

Expense Breakdown

Grants Paid $501,506

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $501,506

Other Expenses $58,178

TOTAL EXPENSES $559,684

Year-over-Year Comparison

	2023	2022	Change
Revenue	$232,257	$-1,075,072	-1.2%
Expenses	$559,684	$496,625	+0.1%
Net Income	$-327,427	$-1,571,697	-0.8%

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

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

$183,102

Total Directors

$183,102

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN P STOKES	PRESIDENT	1.00	Officer Director	$0	$0	$0
DICKINSON B PHILLIPS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARTHA B AMBLER	TREASURER	1.00	Officer Director	$0	$0	$0
W RYAN SNOW	DIRECTOR	0.10	Director	$0	$0	$0
CURTIS L HALL	DIRECTOR	0.10	Director	$0	$0	$0
LAMONT M HENRY	DIRECTOR	0.10	Director	$0	$0	$0
DANA C PARKER	DIRECTOR	0.10	Director	$0	$0	$0
CLENISE PLATT	DIRECTOR	0.10	Director	$0	$0	$0
JILLIAN L SWENSON	DIRECTOR	0.10	Director	$0	$0	$0
MICHAEL W KEARNS	DIRECTOR	0.10	Director	$0	$0	$0
CAROLINE S OLIVER	DIRECTOR	0.10	Director	$0	$0	$0
KATHERINE W WYNNE	DIRECTOR	0.10	Director	$0	$0	$0
PETER SCHMIDT	SECRETARY	1.00	Officer Director	$183,102	$0	$183,102
MICHAEL P DESPLAINES	SECRETARY (FORMER)	1.00		$151,216	$10,000	$161,216

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	No data	No data	No data	No data
2024	$232,257	$559,684	$15,636,730	$-327,427
2024	$232,257	$559,684	$15,636,730	$-327,427
2023	$-1,075,072	$496,625	$14,804,085	$-1,571,697
2022	$642,127	$480,583	$15,258,223	$161,544
2021	$1,194,057	$994,010	$18,026,648	$200,047
2020	$1,223,192	$527,560	$18,104,889	$695,632
2019	$636,669	$509,205	$16,951,242	$127,464
2018	$747,857	$894,300	$16,261,677	$-146,443

NORFOLK BOTANICAL GARDEN FOUNDATION