VIRGINIA WESTERN COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC (EIN 521200913) - 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

DEBORAH L PETRINE

Phone

5408576020

Tax Period

2023-12-31 to 2024-06-30

VIRGINIA WESTERN COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC, founded in 1980, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2018. The organization ran a surplus of $2.4M, a strong 54% operating margin.

Mission

TO AWARD SCHOLARSHIPS AND GRANTS TO THE STUDENTS OF VIRGINIA WESTERN COMMUNITY COLLEGE, AND TO PROVIDE FUNDING IN SUPPORT OF A VARIETY OF THE COLLEGE'S ACADEMIC AND VOCATIONAL PROGRAMS.

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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 $1,721,832

Program Service Revenue $0

Investment Income $692,593

Other Revenue $0

TOTAL REVENUE $2,414,425

Expense Breakdown

Grants Paid $925,511

Salaries & Benefits $0

Fundraising Expenses $49,457

Program Expenses $1,187,956

Other Expenses $670,613

TOTAL EXPENSES $1,596,124

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,414,425	$3,880,373	-0.4%
Expenses	$1,596,124	$2,655,386	-0.4%
Net Income	$818,301	$1,224,987	-0.3%

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
DR ROBERT H SANDEL	COLLEGE PRESIDENT	4.00	Director	$0	$0	$0
DEBORAH L PETRINE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
RUSS ELLETT	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHRIS CAREY	TREASURER	1.00	Officer Director	$0	$0	$0
TAMMY MOSS FINLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM J FARRELL II	IMMEDIATE PAST CHAIRMAN	1.00	Director	$0	$0	$0
BARTON J WILNER	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
J DAVID WINE	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
W HEYWOOD FRALIN	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
EDWIN C HALL	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
NICHOLAS F TAUBMAN	EX-OFFICIO	1.00	Director	$0	$0	$0
KENNETH J BELTON	AT LARGE MEMBER	1.00	Director	$0	$0	$0
ABNEY S BOXLEY III	AT LARGE MEMBER	1.00	Director	$0	$0	$0
NICHOLAS C CONTE	AT LARGE MEMBER	1.00	Director	$0	$0	$0
DAVID DANTZLER	AT LARGE MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER DESIMONE ESQ	AT LARGE MEMBER	1.00	Director	$0	$0	$0
SCOTT GRAEFF	AT LARGE MEMBER	1.00	Director	$0	$0	$0
LEON P HARRIS	AT LARGE MEMBER	1.00	Director	$0	$0	$0
JOSEPH HOFF	AT LARGE MEMBER	1.00	Director	$0	$0	$0
FREDERICK JAMES JR	AT LARGE MEMBER	1.00	Director	$0	$0	$0
STEPHEN LEMON	AT LARGE MEMBER	1.00	Director	$0	$0	$0
GEORGE W LOGAN	AT LARGE MEMBER	1.00	Director	$0	$0	$0
MARK R PACE	AT LARGE MEMBER	1.00	Director	$0	$0	$0
ANDREW J PARKER	AT LARGE MEMBER	1.00	Director	$0	$0	$0
KIRTESH D PATEL	AT LARGE MEMBER	1.00	Director	$0	$0	$0
J KENNETH RANDOLPH	AT LARGE MEMBER	1.00	Director	$0	$0	$0
KATHERIN ELAM	AT LARGE MEMBER	1.00	Director	$0	$0	$0
NEIL D WILKIN JR	AT LARGE MEMBER	1.00	Director	$0	$0	$0
DR CRAIG RAMEY	AT LARGE MEMBER	1.00	Director	$0	$0	$0
MR JOHN DLUGAR	AT LARGE MEMBER	1.00	Director	$0	$0	$0
MR JAMAL MILNER	AT LARGE MEMBER	1.00	Director	$0	$0	$0
MS ANGELA S PENN	AT LARGE MEMBER	1.00	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
2024	$2,414,425	$1,596,124	$34,569,671	$818,301
2023	$3,880,373	$2,655,386	$31,325,274	$1,224,987
2022	$1,475,010	$2,598,851	$25,769,565	$-1,123,841
2021	$10,106,195	$2,358,657	$30,928,944	$7,747,538
2020	$2,526,392	$2,465,757	$26,530,479	$60,635
2019	$2,493,295	$2,287,093	$23,162,956	$206,202
2018	$4,430,925	$2,041,276	$19,606,684	$2,389,649

VIRGINIA WESTERN COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC