Children's Home Society of Virginia

EIN: 540505884 501(c)(3) Human Services

Richmond, VA

Total Revenue
$2,284,751
Total Expenses
$2,208,000
Total Assets
$4,197,247
Net Assets
$3,943,309
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1900
Legal Domicile
VA
Principal Officer
Krystal Thompson
Phone
8043530191
Tax Period
2024-07-01 to 2025-06-30

Children's Home Society of Virginia, founded in 1900, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2018. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 28% operating deficit.

Mission

The mission of CHSVA is to build strong permanent families and lifelong relationships for Virginia's at risk children and youth.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,122,204
Program Service Revenue $1,027,493
Investment Income $48,013
Other Revenue $87,041
TOTAL REVENUE $2,284,751

Expense Breakdown

Grants Paid $154,186
Salaries & Benefits $1,520,325
Fundraising Expenses $304,512
Program Expenses $1,760,277
Other Expenses $533,489
TOTAL EXPENSES $2,208,000

Year-over-Year Comparison

2024 2023 Change
Revenue $2,284,751 $2,090,388 +0.1%
Expenses $2,208,000 $2,130,762 +0.0%
Net Income $76,751 $-40,374 -2.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
33
Volunteers
22

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
5
$150,104
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Owen Gwathmey Immediate Past Chair 2.00
Officer Director
$0 $0 $0
Edward Solarz Chair 2.00
Officer Director
$0 $0 $0
Molly Cheek Secretary 2.00
Officer Director
$0 $0 $0
Leesa Christian Treasurer 2.00
Officer Director
$0 $0 $0
Kevin Donnelly Board Member 2.00
Director
$0 $0 $0
Michael Evans Board Member 2.00
Director
$0 $0 $0
Steven C Yeakel Board Member 2.00
Director
$0 $0 $0
Cornelius H Fedderman Board Member 2.00
Director
$0 $0 $0
Geoffrey Gasperini Board Member 2.00
Director
$0 $0 $0
Sean M Beard Board Member 2.00
Director
$0 $0 $0
Charlie Boisky Board Member 2.00
Director
$0 $0 $0
Micheal Thorne-Begland Board Member 2.00
Director
$0 $0 $0
Dr Jadig Garcia Board Member 2.00
Director
$0 $0 $0
Melvin E Tull III Board Member 2.00
Director
$0 $0 $0
Richard Carl Wetzel III Chair-Elect 2.00
Director
$0 $0 $0
Verneeta L Williams Board Member 2.00
Director
$0 $0 $0
Krystal F Thompson President & CEO 50.00
Officer
$133,558 $16,546 $150,104
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 $2,284,751 $2,208,000 $4,197,247 $76,751
2024 $2,090,388 $2,130,762 $4,022,809 $-40,374
2023 $1,981,766 $2,186,845 $3,979,210 $-205,079
2022 $3,065,730 $2,016,000 $4,141,976 $1,049,730
2021 $2,089,439 $1,549,913 $3,293,642 $539,526
2020 $1,832,773 $1,549,039 $2,703,330 $283,734
2019 $1,295,475 $1,662,213 $2,217,612 $-366,738
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