HEART OF VIRGINIA COUNCIL INC BOY SCOUTS OF AMERICA (EIN 540505872) - 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

1965

Legal Domicile

Principal Officer

CHARLES F PHILLIPS III

Phone

8043554306

Tax Period

2024-01-01 to 2024-12-31

HEART OF VIRGINIA COUNCIL INC BOY SCOUTS OF AMERICA, founded in 1965, is a community nonprofit in the Youth Development sector that reported $5.2M in total revenue in fiscal year 2018. The organization ran a surplus of $1.3M, a strong 25% operating margin.

Mission

OUR MISSION IS TO PROMOTE THE ABILITY OF BOYS AND YOUNG MEN AND WOMEN TO DO THINGS FOR THEMSELVES AND OTHERS, TRAINING THEM IN SCOUTCRAFT, AND TEACHING THEM PATRIOTISM, COURAGE, SELF-RELIANCE, AND KINDRED VIRTUES, USING THE METHODS WHICH ARE NOW IN COMMON USE BY THE BOY SCOUTS OF AMERICA.

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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 $1,903,780

Program Service Revenue $723,589

Investment Income $262,834

Other Revenue $549,638

TOTAL REVENUE $3,439,841

Expense Breakdown

Grants Paid $64,405

Salaries & Benefits $1,974,334

Fundraising Expenses $426,633

Program Expenses $3,133,627

Other Expenses $1,825,108

TOTAL EXPENSES $3,863,847

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,439,841	$3,257,304	+0.1%
Expenses	$3,863,847	$3,963,770	0.0%
Net Income	$-424,006	$-706,466	-0.4%

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

105

Volunteers

2913

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

$287,391

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE MCGOVERN	SCOUT EXEC/C	40.00	Officer	$259,772	$27,619	$287,391
H SPENCER ADAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
NICK ALBERTI	BOARD MEMBER	1.00	Director	$0	$0	$0
JEAN M ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL I ANDREWS JR	VC DISTRICT	1.00	Officer Director	$0	$0	$0
BLAKE AUCHMOODY JR	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL B BALLATO	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES K BEAZLEY III	BOARD MEMBER	1.00	Director	$0	$0	$0
GERALD J BERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD P BRAGGA	BOARD MEMBER	1.00	Director	$0	$0	$0
HUMBERTO I CARDOUNEL JR	BOARD MEMBER	1.00	Director	$0	$0	$0
BETSY B CARR	BOARD MEMBER	1.00	Director	$0	$0	$0
GERALD WS CARTER	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH E CARTER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK S CROSS	EXEC COMMITT	1.00	Officer Director	$0	$0	$0
BENJAMIN S DESSART	BOARD MEMBER	1.00	Director	$0	$0	$0
LLOYD C DUNNAVANT	BOARD MEMBER	1.00	Director	$0	$0	$0
SIOBHAN S DUNNAVANT	BOARD MEMBER	1.00	Director	$0	$0	$0
GORDON W FRUETEL	EXEC COMMITT	1.00	Officer Director	$0	$0	$0
ZANE P GIBBS PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE G GRATTAN III	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDAL R GREENE JR	ASSISTANT TR	1.00	Officer Director	$0	$0	$0
RANDAL R GREENE SR	VC DEVELOPME	1.00	Officer Director	$0	$0	$0
CHRISTOPHER J HABENICHT	EXEC COMMITT	1.00	Officer Director	$0	$0	$0
WILLIAM J HEFELE	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS CA INNES	BOARD MEMBER	1.00	Director	$0	$0	$0
DAMIAN KLUTE	CHAIR	1.00	Officer Director	$0	$0	$0
PAUL W KRECKMAN	COUNCIL COMM	1.00	Officer Director	$0	$0	$0
SHARLEE S LABRECQUE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK A LARSON	EXEC COMMITT	1.00	Officer Director	$0	$0	$0
BRUCE Y LEAMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHUN CHUNG LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK A LLOYD	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN P LODEN	BOARD MEMBER	1.00	Director	$0	$0	$0
HENRY P LONG JR	VC GOVERNANC	1.00	Officer Director	$0	$0	$0
PAUL V LOUIE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER M MALONE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN K MCCULLA	EXEC COMMITT	1.00	Officer Director	$0	$0	$0
KEITH T MILLER	VP DIVERS &	1.00	Officer Director	$0	$0	$0
JEFFREY G MISCIKOWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
FREDERICK MOLTER IV	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM M MULVIHLL II	BOARD MEMBER	1.00	Director	$0	$0	$0
G ANDREW NEA JR	COUNCIL COUN	1.00	Officer Director	$0	$0	$0
WILLIAM J NORMAN	VC OUTDOOR P	1.00	Officer Director	$0	$0	$0
DUNCAN S OWEN III	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLOTTE PEMBERTON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES F PHILLIPS III	TREASURER	1.00	Officer Director	$0	$0	$0
DONALD A PIACENTINI	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACEY F PORTILLO	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN J REID II	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDOLPH N REYNOLDS JR	BOARD MEMBER	1.00	Director	$0	$0	$0
IRENE C ROBERTS	VC COMMUNITY	1.00	Officer Director	$0	$0	$0
ERIC RULE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH S SEILER	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN S SHOUSE	BOARD MEMBER	1.00	Director	$0	$0	$0
DUDLEY HUNTER STEPHENS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES W SULLIVAN III	VC PROGRAM S	1.00	Officer Director	$0	$0	$0
WILLIAM H TALLEY IV	EXEC COMMITT	1.00	Officer Director	$0	$0	$0
NATHAN TATUM	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN L TAYLOR	VC PROPERTIE	1.00	Officer Director	$0	$0	$0
GARY E THOMPSON	EXEC COMMITT	1.00	Officer Director	$0	$0	$0
J PHILIP R VICTOR	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY S WEINER	BOARD MEMBER	1.00	Director	$0	$0	$0
HORACE P WHITWORTH	EXEC COMMITT	1.00	Officer Director	$0	$0	$0
THOMAS C WOOD	BOARD 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	$3,439,841	$3,863,847	$13,123,487	$-424,006
2023	$3,257,304	$3,963,770	$14,071,035	$-706,466
2022	$6,010,018	$3,813,230	$15,150,415	$2,196,788
2021	$4,630,860	$3,668,492	$15,820,745	$962,368
2020	$4,709,770	$3,525,179	$14,472,271	$1,184,591
2019	$3,974,306	$4,124,230	$12,757,455	$-149,924
2018	$5,158,733	$3,858,253	$12,694,606	$1,300,480

HEART OF VIRGINIA COUNCIL INC BOY SCOUTS OF AMERICA