VIRGINIA CROP IMPROVEMENT RESEARCH FOUNDATION INC (EIN 521296823) - 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

1923

Legal Domicile

Principal Officer

THOMAS H HARDIMAN

Phone

8047464884

Tax Period

2024-12-01 to 2025-11-30

VIRGINIA CROP IMPROVEMENT RESEARCH FOUNDATION INC, founded in 1923, is a micro nonprofit that reported $11K in total revenue in fiscal year 2017. Revenue surged 67518% from the prior year, signaling strong growth momentum. Expenses of $40K exceeded revenue, resulting in a 248% operating deficit.

Mission

THE ORGANIZATION PROVIDES FUNDS FOR RESEARCH TO IMPROVE EXISTING PLANT VARIETIES TO BE USED BY FARMERS

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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 $0

Program Service Revenue $0

Investment Income $21,522

Other Revenue $0

TOTAL REVENUE $21,522

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $102,899

Other Expenses $102,899

TOTAL EXPENSES $102,899

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,522	$17,404	+0.2%
Expenses	$102,899	$13,389	+6.7%
Net Income	$-81,377	$4,015	-21.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENRY GOODRICH	PRESIDENT	0.50	Officer Director	$0	$0	$0
MICHAEL MONAHAN	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
WILLIAM GWALTNEY JR	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH LAMBERT	DIRECTOR	0.50	Director	$0	$0	$0
FRANKLIN HUNDLEY	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW DARDEN	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT POLLOK	DIRECTOR	0.50	Director	$0	$0	$0
JONATHAN HUDSON	DIRECTOR	0.50	Director	$0	$0	$0
MARK PHILLIPS	DIRECTOR	0.50	Director	$0	$0	$0
DR OLGA WALSH	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS H HARDIMAN	SECRETARY/TREASURER	0.50	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	$21,522	$102,899	$837,058	$-81,377
2024	$17,404	$13,389	$847,314	$4,015
2023	$17,251	$15,987	$710,670	$1,264
2022	$19,537	$32,306	$682,973	$-12,769
2021	$15,878	$6,381	$797,487	$9,497
2020	$14,393	$49,334	$711,797	$-34,941
2019	$5	No data	$689,188	No data
2018	$11,495	$40,000	$625,236	$-28,505

VIRGINIA CROP IMPROVEMENT RESEARCH FOUNDATION INC