VIRGINIA BAPTIST HOMES FOUNDATION … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

JONATHAN COOK

Phone

8045219206

Tax Period

2023-01-01 to 2023-12-31

VIRGINIA BAPTIST HOMES FOUNDATION INC, founded in 1984, is a community nonprofit that reported $6.4M in total revenue in fiscal year 2023. The organization ran a surplus of $5.3M, a strong 83% operating margin.

Mission

Program Service Accomplishments

Program 1

Expenses: $905,657

THE MISSION OF THE VIRGINIA BAPTIST HOMES FOUNDATION IS TO SUPPORT THE WORK OF VIRGINIA BAPTIST HOMES BY DEVELOPING FUNDS THROUGH SOLICITATION OF GIFTS, CONDUCTING CAPITAL CAMPAIGNS, AND SPECIAL...

THE MISSION OF THE VIRGINIA BAPTIST HOMES FOUNDATION IS TO SUPPORT THE WORK OF VIRGINIA BAPTIST HOMES BY DEVELOPING FUNDS THROUGH SOLICITATION OF GIFTS, CONDUCTING CAPITAL CAMPAIGNS, AND SPECIAL EVENTS. VIRGINIA BAPTIST HOMES OWNS AND OPERATES PLANNED SERVICES COMMUNITIES FOR SENIOR ADULTS, SOME OF WHOM CANNOT AFFORD TO PAY THE FULL COST OF THEIR CARE. THE VBH FOUNDATION PROVIDES FUNDING TO SUPPORT THOSE INDIVIDUALS WHO NEED FINANCIAL ASSISTANCE. THROUGHOUT THE 66 YEARS OF VBH HISTORY, NO RESIDENT HAS EVER BEEN ASKED TO LEAVE IF, THROUGH NO FAULT OF THEIR OWN, THEY OUTLIVE THEIR FINANCIAL RESOURCES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,008,721

Program Service Revenue $0

Investment Income $383,295

Other Revenue $0

TOTAL REVENUE $6,392,016

Expense Breakdown

Grants Paid $135,193

Salaries & Benefits $623,906

Fundraising Expenses $0

Program Expenses $905,657

Other Expenses $322,009

TOTAL EXPENSES $1,081,108

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,392,016	$6,172,212	+0.0%
Expenses	$1,081,108	$1,691,221	-0.4%
Net Income	$5,310,908	$4,480,991	+0.2%

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

$2,128,859

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR SCOTT CAVE	TRUSTEE	1.00	Director	$0	$0	$0
REVDAN CARLTON	TRUSTEE	1.00	Director	$0	$0	$0
MR JAMES BALES	TRUSTEE	1.00	Director	$0	$0	$0
MSSHARON BROOKS	TRUSTEE	1.00	Director	$0	$0	$0
DRVALERIE CARTER	TRUSTEE	1.00	Director	$0	$0	$0
DRTIFFANY FRANKS	TRUSTEE	1.00	Director	$0	$0	$0
REVNELSON HARRIS	TRUSTEE	1.00	Director	$0	$0	$0
MR JOHN JUNG	TRUSTEE	1.00	Director	$0	$0	$0
MRSSALLIE MARCHELLO	TRUSTEE	1.00	Director	$0	$0	$0
MR ARNIE OWENS	TRUSTEE	1.00	Director	$0	$0	$0
DRPAM PARSONS	TRUSTEE	1.00	Director	$0	$0	$0
MR JOHN POMA	TRUSTEE	1.00	Director	$0	$0	$0
MR MATTHEW SCOTT	TRUSTEE	1.00	Director	$0	$0	$0
JIM POATS	TRUSTEE	1.00	Director	$0	$0	$0
GARY THOMSON	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN RUCKER	TRUSTEE	1.00	Director	$0	$0	$0
JIM VAUGHT	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN COOK	PRESIDENT & CEO	1.00	Officer	$0	$49,385	$685,467
TRACEY JENNINGS	COO	1.00	Officer	$0	$56,873	$401,837
CHRIS MARKWITH	CFO	1.00	Officer	$0	$49,267	$349,212
JOHN P ROBINSON	CHIEF MARKETING OFFICER	1.00	Officer	$0	$63,724	$341,797
LISA LEAGER	CSO	1.00	Officer	$0	$57,118	$350,546
JODI LEONARD	EXECUTIVE DIRECTOR	40.00	Highest	$140,162	$24,867	$165,029

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	$6,392,016	$1,081,108	$30,801,960	$5,310,908
2022	$6,172,212	$1,691,221	$23,455,959	$4,480,991
2021	$2,666,939	$2,142,563	$12,836,580	$524,376
2020	$2,089,606	$1,876,154	$11,817,486	$213,452
2019	$1,487,440	$965,757	$9,882,422	$521,683
2018	$2,727,575	$730,568	$7,774,785	$1,997,007

VIRGINIA BAPTIST HOMES FOUNDATION INC