UNITED WAY OF CENTRAL VIRGINIA INC (EIN 540505923) - 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

1955

Legal Domicile

Principal Officer

KIM SOERENSEN

Phone

4348468467

Tax Period

2024-07-01 to 2025-06-30

UNITED WAY OF CENTRAL VIRGINIA INC, founded in 1955, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2018. Expenses of $2.3M left a modest 4% surplus.

Mission

UNITED WAY OF CENTRAL VIRGINIA ENHANCES THE QUALITY OF LIFE OF OUR LOCAL COMMUNITY BY IMPROVING ACCESS TO HEALTHCARE, ADVANCING EDUCATION, PROMOTING FINANCIAL STABILITY, AND ADDRESSING BASIC HUMAN NEEDS.

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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 $1,562,272

Program Service Revenue $0

Investment Income $72,725

Other Revenue $35,023

TOTAL REVENUE $1,670,020

Expense Breakdown

Grants Paid $696,667

Salaries & Benefits $503,452

Fundraising Expenses $103,342

Program Expenses $1,297,450

Other Expenses $289,936

TOTAL EXPENSES $1,490,055

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,670,020	$1,695,639	0.0%
Expenses	$1,490,055	$1,968,898	-0.2%
Net Income	$179,965	$-273,259	-1.7%

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

700

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

$124,994

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK PROFFITT	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT BRABRAND	CHAIR	1.00	Officer Director	$0	$0	$0
RANDALL FRANKLIN	TREASURER	1.00	Officer Director	$0	$0	$0
MIKE CLARK	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN KRAKORA	FUND DISTRIBUTION CHAIR	1.00	Officer Director	$0	$0	$0
STEVE LAMANNA	CAMPAIGN CHAIR	1.00	Officer Director	$0	$0	$0
CARTER BROOCKS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE CONDREY	DIRECTOR	1.00	Director	$0	$0	$0
FRANCES BREAKFIELD	DIRECTOR	1.00	Director	$0	$0	$0
TY GAFFORD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CROS	DIRECTOR	1.00	Director	$0	$0	$0
ZACHARY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
STEVE JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY MARCUM	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON MORRISON-SHETLAR	DIRECTOR	1.00	Director	$0	$0	$0
JASON TODD	DIRECTOR	1.00	Director	$0	$0	$0
CATHY SACKETT	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS THOMSON	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA WERTH	DIRECTOR	1.00	Director	$0	$0	$0
KIM SORENSEN	PRESIDENT & CEO	40.00	Officer	$116,012	$8,982	$124,994

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	$1,670,020	$1,490,055	$1,989,665	$179,965
2024	$1,695,639	$1,968,898	$1,974,131	$-273,259
2023	$3,549,818	$3,776,006	$2,402,415	$-226,188
2022	$3,230,219	$3,540,347	$2,499,491	$-310,128
2022	$3,237,525	$3,407,900	$2,451,405	$-170,375
2021	$3,198,402	$3,400,313	$2,972,810	$-201,911
2020	$2,486,701	$2,525,457	$3,034,445	$-38,756
2019	$2,417,746	$2,318,045	$3,054,681	$99,701

UNITED WAY OF CENTRAL VIRGINIA INC