VIRGINIA BEACH EVENTS UNLIMITED INC (EIN 521372330) - 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

1973

Legal Domicile

Principal Officer

DAVID BURTON

Tax Period

2023-01-01 to 2023-12-31

VIRGINIA BEACH EVENTS UNLIMITED INC, founded in 1970, is a community nonprofit in the Recreation & Sports sector that reported $2.2M in total revenue in fiscal year 2018.

Mission

To provide quality, safe, and diverse events that enhance family values and togetherness, create a positive economic impact, and showcase the unique location of Virginia Beach as a city by the sea.

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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 $1,528,437

Program Service Revenue $1,549,514

Investment Income $-16,445

Other Revenue $-16,966

TOTAL REVENUE $3,044,540

Expense Breakdown

Grants Paid $45,049

Salaries & Benefits $743,989

Fundraising Expenses $136,915

Program Expenses $2,422,949

Other Expenses $1,972,407

TOTAL EXPENSES $2,761,445

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,044,540	$3,013,122	+0.0%
Expenses	$2,761,445	$2,823,999	0.0%
Net Income	$283,095	$189,123	+0.5%

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

Volunteers

430

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

$161,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER CHOPE	PRESIDENT & CEO	40.00	Key Emp	$161,000	$0	$161,000
CHERYL MCLESKEY	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE MACDONALD	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MERRITT	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE MELNYK	DIRECTOR	1.00	Director	$0	$0	$0
ADAM CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
TOM BARTON III	DIRECTOR	2.00	Director	$0	$0	$0
BUFFY BAREFOOT	VICE CHAIR	2.00	Director	$0	$0	$0
WILLIAM LASCARA	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE LOEW	DIRECTOR	1.00	Director	$0	$0	$0
STEVE CHILDS	DIRECTOR	1.00	Director	$0	$0	$0
RONALD MCINTOSH	DIRECTOR	1.00	Director	$0	$0	$0
MARK JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN CARSON	DIRECTOR	1.00	Director	$0	$0	$0
JIM SPORE	DIRECTOR	1.00	Director	$0	$0	$0
MARK WHITAKER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID STEPHENS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DANSO	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR FRANKLIN	DIRECTOR	2.00	Director	$0	$0	$0
GRAHAM HERBERT	DIRECTOR	1.00	Director	$0	$0	$0
STACY CUMMINGS	DIRECTOR	1.00	Director	$0	$0	$0
NANCY CREECH	DIRECTOR	1.00	Director	$0	$0	$0
BECKY SAWYER	DIRECTOR	2.00	Director	$0	$0	$0
REGINA AMICK	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MARKS	DIRECTOR	2.00	Director	$0	$0	$0
ALVIN WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN FULTON	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ROMINE	DIRECTOR	1.00	Director	$0	$0	$0
TONIE M WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES RAYNOR	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA MCCLEES	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK SHULER	DIRECTOR	2.00	Director	$0	$0	$0
DAVID BURTON	CHAIRMAN	3.00	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	$3,044,540	$2,761,445	$1,799,746	$283,095
2022	$3,013,122	$2,823,999	$1,609,096	$189,123
2021	$2,894,814	$2,047,596	$1,283,401	$847,218
2020	$841,236	$924,284	$1,030,620	$-83,048
2019	$2,424,864	$2,266,373	$1,150,623	$158,491
2018	$2,229,152	$2,224,173	$957,018	$4,979

VIRGINIA BEACH EVENTS UNLIMITED INC