VICE PRESIDENT'S RESIDENCE FOUNDAT… - 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

1991

Legal Domicile

Principal Officer

CHRISTOPHER APPLEGATE

Phone

6173036800

Tax Period

2024-10-01 to 2025-09-30

VICE PRESIDENT'S RESIDENCE FOUNDATION, founded in 1991, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.0M in total revenue in fiscal year 2024. Revenue surged 481% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 76% operating margin.

Mission

THE VICE PRESIDENT'S RESIDENCE FOUNDATION ASSISTS IN PRESERVING AND FURNISHING THE OFFICIAL RESIDENCE OF THE VICE PRESIDENT OF THE UNITED STATES.

Program Service Accomplishments

Program 1

Expenses: $1,085,306

DURING THE YEAR, THE FOUNDATION PROVIDED FINANCIAL ASSISTANCE ASSOCIATED WITH PRESERVING, FURNISHING AND MAKING IMPROVEMENTS IN OR ABOUT THE OFFICIAL RESIDENCE OF THE VICE PRESIDENT OF THE UNITED...

DURING THE YEAR, THE FOUNDATION PROVIDED FINANCIAL ASSISTANCE ASSOCIATED WITH PRESERVING, FURNISHING AND MAKING IMPROVEMENTS IN OR ABOUT THE OFFICIAL RESIDENCE OF THE VICE PRESIDENT OF THE UNITED STATES. THE FOUNDATION ALSO PROVIDED ASSISTANCE TO FACILITATE LOANS OF ART TO THE RESIDENCE AND ACQUIRED ITEMS OF FURNITURE AND FURNISHING FOR THE RESIDENCE. LAST, THE FOUNDATION SUPPORTED EVENTS AT THE RESIDENCE THAT FURTHERED ITS PROGRAMMATIC OBJECTIVES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,925,000

Program Service Revenue $0

Investment Income $42,004

Other Revenue $0

TOTAL REVENUE $4,967,004

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $39,226

Program Expenses $1,085,306

Other Expenses $1,182,269

TOTAL EXPENSES $1,182,269

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,967,004	$855,259	+4.8%
Expenses	$1,182,269	$444,242	+1.7%
Net Income	$3,784,735	$411,017	+8.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN ADDISON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT HUGIN	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY CRATE	TREASURER & SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTOPHER APPLEGATE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN UNDERWOOD	CHAIR	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
2025	$4,967,004	$1,182,269	$5,730,853	$3,784,735
2024	$855,259	$444,242	$1,941,438	$411,017
2023	$27,338	$499,787	$1,580,032	$-472,449
2022	$200,390	$474,956	$2,029,025	$-274,566
2021	$836,892	$302,768	$2,235,268	$534,124
2020	$49,033	$219,044	$1,701,144	$-170,011
2019	$903,896	$274,759	$1,846,155	$629,137

VICE PRESIDENT'S RESIDENCE FOUNDATION