VIRGINIA ZOOLOGICAL SOCIETY (EIN 510253147) - 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

1979

Legal Domicile

Principal Officer

NICOLE CARRY

Phone

7574412374

Tax Period

2024-07-01 to 2025-06-30

VIRGINIA ZOOLOGICAL SOCIETY, founded in 1979, is a community nonprofit in the Animal-Related sector that reported $3.1M in total revenue in fiscal year 2017. Expenses of $4.8M exceeded revenue, resulting in a 56% operating deficit.

Mission

THE VIRGINIA ZOOLOGICAL SOCIETY INC (THE "SOCIETY") EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ORGANIZED ON SEPTEMBER 21, 1979, ITS PURPOSE IS TO ACT AS AN ADVISORY AND SUPPORTIVE ORGANIZATION TO ADVANCE THE DEVELOPMENT OF THE VIRGINIA ZOOLOGICAL PARK (THE "ZOO") IN NORFOLK, VIRGINIA. THE ZOO IS OWNED BY THE CITY OF NORFOLK (THE "CITY"). THE OBJECTIVE OF THE SOCIETY IS TO FOSTER PUBLIC AWARENESS AND APPRECIATION OF THE ZOO AND TO PROMOTE THE CONSERVATION OF THE WORLD'S FLORA AND FAUNA. THE SOCIETY PROVIDES ESSENTIAL PROGRAM SERVICES FOR THE ZOO, AS FOLLOWS: ZOO IMPROVEMENTS AND EXHIBITS: SIGNIFICANT ASSISTANCE FOR ZOO EXPANSION, BUILDING RENOVATIONS AND OTHER VOLUNTEER EFFORTS INTO PROVIDING SERVICES FOR THE ZOO. EDUCATIONAL SERVICES: ENCOURAGES AN UNDERSTANDING OF CONSERVATION TO A WIDE VARIETY OF INDIVIDUALS BY FUNDING AND OPERATING ALL ZOO EDUCATION PROGRAMS (INCLUDING PROGRAMS FOR THE HANDICAPPED AND COMMUNITY OUTREACH PROGRAMS); TRAINING A

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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 $2,936,281

Program Service Revenue $734,672

Investment Income $707,046

Other Revenue $957,551

TOTAL REVENUE $5,335,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,978,323

Fundraising Expenses $184,011

Program Expenses $3,743,572

Other Expenses $2,321,467

TOTAL EXPENSES $4,299,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,335,550	$10,490,460	-0.5%
Expenses	$4,299,790	$4,450,539	0.0%
Net Income	$1,035,760	$6,039,921	-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

123

Volunteers

150

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
NICOLE CARRY	PRESIDENT	3.00	Officer Director	$0	$0	$0
AMEET HABIB	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
RICHARD BOYKIN	TREASURER	1.00	Officer Director	$0	$0	$0
DEBBI WAITZER	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN PENNELL	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
NANCY BARTEE	DIRECTOR	0.50	Director	$0	$0	$0
THERESA REESE BEELER	DIRECTOR	0.50	Director	$0	$0	$0
LYNN COBB	DIRECTOR	0.50	Director	$0	$0	$0
ERIK COOPER	DIRECTOR	0.50	Director	$0	$0	$0
LIZA DELPIERRE	DIRECTOR	0.50	Director	$0	$0	$0
BLAIR DURHAM	DIRECTOR	0.50	Director	$0	$0	$0
ELIZABETH FRAIM	DIRECTOR	0.50	Director	$0	$0	$0
TARYN GISBERT	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTINA GOODE	DIRECTOR	0.50	Director	$0	$0	$0
JOSHUA HOWELL	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK KELLY	DIRECTOR	0.50	Director	$0	$0	$0
LAUREN KIGER	DIRECTOR	0.50	Director	$0	$0	$0
MELISSA RAMSEY	DIRECTOR	0.50	Director	$0	$0	$0
DUSTIN RINEHART	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN ROADY	DIRECTOR	0.50	Director	$0	$0	$0
CARIN SCHNELLER-CARR	DIRECTOR	0.50	Director	$0	$0	$0
STEPHEN TAYLOR	DIRECTOR	0.50	Director	$0	$0	$0
ELISE WALTHALL	DIRECTOR	0.50	Director	$0	$0	$0
VICTORIA WITTMANN	DIRECTOR	0.50	Director	$0	$0	$0
JACOB YOUNG	DIRECTOR	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	$5,335,550	$4,299,790	$23,004,369	$1,035,760
2024	No data	No data	No data	No data
2023	$8,535,888	$3,913,258	$15,988,510	$4,622,630
2022	$5,638,748	$4,156,628	$10,092,647	$1,482,120
2021	$3,563,980	$2,623,199	$7,287,001	$940,781
2020	$2,531,232	$3,395,960	$4,647,967	$-864,728
2019	$3,126,777	$3,097,719	$4,583,778	$29,058
2018	$3,057,165	$4,763,432	$4,381,534	$-1,706,267

VIRGINIA ZOOLOGICAL SOCIETY