VIRGINIA STUDENT AID FOUNDATION INC (EIN 540517188) - 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

1949

Legal Domicile

Principal Officer

KYLE RAE

Phone

4349825555

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA STUDENT AID FOUNDATION INC, founded in 1949, is a mid-sized nonprofit in the Education sector that reported $31.6M in total revenue in fiscal year 2018. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $39.3M exceeded revenue, resulting in a 25% operating deficit.

Mission

THE VIRGINIA ATHLETICS FOUNDATION, THROUGH ITS FUND-RAISING EFFORTS, STRIVES TO SUPPORT A PREEMINENT INTERCOLLEGIATE ATHLETICS PROGRAM AT THE UNIVERSITY OF VIRGINIA BY PROVIDING STUDENT-ATHLETES THE OPPORTUNITY TO ACHIEVE ACADEMIC AND ATHLETIC EXCELLENCE.

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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 $47,385,256

Program Service Revenue $1,995,333

Investment Income $706,178

Other Revenue $169,711

TOTAL REVENUE $50,256,478

Expense Breakdown

Grants Paid $38,651,681

Salaries & Benefits $3,550,400

Fundraising Expenses $2,965,479

Program Expenses $39,768,829

Other Expenses $2,791,295

TOTAL EXPENSES $44,993,376

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,256,478	$59,716,708	-0.2%
Expenses	$44,993,376	$48,928,927	-0.1%
Net Income	$5,263,102	$10,787,781	-0.5%

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

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

$767,248

Total Directors

$545,320

Key Employees

$257,087

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN J MILLER	EXEC DIRECTOR, SEC/TREAS	40.00	Officer Director	$493,617	$51,703	$545,320
RACHEL W SHERIDAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARVIN P BUSH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MIA MOONEY BASS	TRUSTEE	1.00	Director	$0	$0	$0
EDMUND N DURDEN	TRUSTEE	1.00	Director	$0	$0	$0
W HEYWOOD FRALIN	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL S GEISMAR	TRUSTEE	1.00	Director	$0	$0	$0
MARVIN W GILLIAM JR	TRUSTEE	1.00	Director	$0	$0	$0
RALEIGH ANNE GRAY	TRUSTEE	1.00	Director	$0	$0	$0
KATHERINE L HEILPERN MD	TRUSTEE	1.00	Director	$0	$0	$0
YUSEF D JACKSON	TRUSTEE	1.00	Director	$0	$0	$0
LAUREN LACY	TRUSTEE	1.00	Director	$0	$0	$0
MARK M LUELLEN	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD L BOOTH	TRUSTEE	1.00	Director	$0	$0	$0
VALERIE CAMILLO	TRUSTEE	1.00	Director	$0	$0	$0
DOUG DUENKEL	TRUSTEE	1.00	Director	$0	$0	$0
FRANKLIN S EDMONDS	TRUSTEE	1.00	Director	$0	$0	$0
HERMAN MOORE	TRUSTEE	1.00	Director	$0	$0	$0
TIM NAUGHTON	TRUSTEE	1.00	Director	$0	$0	$0
JULIANA S O'REILLY	TRUSTEE	1.00	Director	$0	$0	$0
CRAIG PACKER	TRUSTEE	1.00	Director	$0	$0	$0
BARRY L PARKHILL	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW PESKIN	TRUSTEE	1.00	Director	$0	$0	$0
JILL ROYSTER	TRUSTEE	1.00	Director	$0	$0	$0
ANNE CARTER SMITH	TRUSTEE	1.00	Director	$0	$0	$0
A WELLFORD TABOR	TRUSTEE	1.00	Director	$0	$0	$0
ASHLEY WIDGER	TRUSTEE	1.00	Director	$0	$0	$0
CARLA WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
DONNA G MAHAN	CHIEF FINANCIAL OFFICER	40.00	Officer	$180,839	$41,089	$221,928
MICHAEL T KERSEY	CHIEF OPERATING OFFICER	40.00	Key Emp	$213,194	$43,893	$257,087
HEATHER L TROUDT	SENIOR MAJOR GIFTS OFFICER	40.00	Highest	$175,202	$25,420	$200,622
DREW OSSAKOW	SENIOR MAJOR GIFTS OFFICER	40.00	Highest	$144,823	$21,501	$166,324
RYAN P WEIGAND	SENIOR DIRECTOR OF DEVELOPMENT	40.00	Highest	$128,948	$27,118	$156,066
JESSIC F ARMISTEAD	SENIOR DIRECTOR OF DONOR EXPIRIENCES	40.00	Highest	$118,030	$30,045	$148,075
NICOLE DEUEL	SENIOR DIRECTOR OF MARKETING AND COMMUNICATIONS	40.00	Highest	$110,849	$29,823	$140,672

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	$50,256,478	$44,993,376	$184,583,130	$5,263,102
2023	$59,716,708	$48,928,927	$169,536,214	$10,787,781
2022	$45,190,995	$45,531,068	$154,972,680	$-340,073
2021	$45,876,846	$40,287,970	$165,530,915	$5,588,876
2020	$33,369,688	$48,755,916	$147,013,241	$-15,386,228
2019	$51,488,327	$36,817,271	$142,842,468	$14,671,056
2018	$31,579,829	$39,338,894	$118,225,100	$-7,759,065

VIRGINIA STUDENT AID FOUNDATION INC