HAMPTON ROADS CHAMBER FOUNDATION (EIN 510284315) - 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

1984

Legal Domicile

Principal Officer

SYLVIA M HAINES

Phone

7576222312

Tax Period

2023-01-01 to 2023-12-31

HAMPTON ROADS CHAMBER FOUNDATION, founded in 1984, is a micro nonprofit in the Community Improvement sector that reported $46K in total revenue in fiscal year 2018. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $68K exceeded revenue, resulting in a 49% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO SOLICIT, RECEIVE, MANAGE AND DISTRIBUTE ASSETS AND FUNDS TO FURTHER THE WELFARE AND DEVELOPMENT OF THE HAMPTON ROADS VIRGINIA COMMUNITIES THROUGH PROGRAMS AND ACTIVITIES WHICH ARE EXCHLUSIVELY CHARITABLE, SCIENTIFIC AND EDUCATIONAL IN PURPOSE, INCLUDING THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS WHICH QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE IRS CODE.

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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 $24,234

Program Service Revenue $0

Investment Income $154

Other Revenue $0

TOTAL REVENUE $24,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,234

Other Expenses $28,787

TOTAL EXPENSES $28,787

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,388	$4,630	+4.3%
Expenses	$28,787	$7,223	+3.0%
Net Income	$-4,399	$-2,593	+0.7%

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

$167,295

Total Directors

$427,331

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN K STEPHENS	PRESIDENT	1.00	Director	$0	$21,931	$427,331
SYLVIA M HAINES	SECRETARY	1.00	Officer	$0	$17,295	$167,295
JIM BIBBS	CHAIRMAN	1.00	Officer	$0	$0	$0
DAWN GLYNN	DIRECTOR	1.00	Officer	$0	$0	$0
ROBERT PIZZINI	TREASURER	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
2024	No data	No data	No data	No data
2023	$24,388	$28,787	$195,686	$-4,399
2022	$4,630	$7,223	$164,320	$-2,593
2021	$10	$6,175	$147,516	$-6,165
2020	$90,025	$109,125	$158,681	$-19,100
2019	$11,595	$26,662	$179,741	$-15,067
2018	$45,603	$68,150	$186,348	$-22,547

HAMPTON ROADS CHAMBER FOUNDATION