VIRGINIA BAPTIST HOMES INC (EIN 540534405) - 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

1946

Legal Domicile

Principal Officer

JONATHAN COOK

Phone

8045219206

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA BAPTIST HOMES INC, founded in 1946, is a community nonprofit in the Housing & Shelter sector that reported $7.1M in total revenue in fiscal year 2018. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $6.5M left a modest 9% surplus.

Mission

OWN AND OPERATE PLANNED SERVICES COMMUNITIES FOR SENIOR ADULTS, SOME OF WHOM CANNOT AFFORD TO PAY THE FULL COST OF THEIR CARE, WHILE PROVIDING "DIGNITY IN LIVING."

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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 $0

Program Service Revenue $11,213,997

Investment Income $542,388

Other Revenue $43,500

TOTAL REVENUE $11,799,885

Expense Breakdown

Grants Paid $2,500,000

Salaries & Benefits $6,073,555

Fundraising Expenses $1,329,149

Program Expenses $9,502,460

Other Expenses $5,690,182

TOTAL EXPENSES $14,263,737

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,799,885	$8,327,873	+0.4%
Expenses	$14,263,737	$11,975,488	+0.2%
Net Income	$-2,463,852	$-3,647,615	-0.3%

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

1844

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

$2,286,273

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN COOK	PRESIDENT & CEO	35.00	Officer	$711,925	$48,553	$760,478
TRACEY JENNINGS	COO	35.00	Officer	$394,404	$45,574	$439,978
LISA LEGEER	CSO	35.00	Officer	$347,887	$57,588	$405,475
CHRISTOPHER MARKWITH	CFO (UNTIL 2/24)	35.00	Officer	$143,720	$12,587	$156,307
ERIK MAURITSEN	CFO (AS OF 5/24)	35.00	Officer	$160,145	$24,428	$184,573
JOHN P ROBINSON	CHIEF MARKETING OFFICER	35.00	Officer	$273,378	$66,084	$339,462
LAURA WOOTON	VICE PRESIDENT OF HUMAN RESOURCES	40.00	Highest	$219,899	$46,271	$266,170
PAULA BOLTON	CORPORATE DIRECTOR OF CLINICAL	40.00	Highest	$223,891	$31,985	$255,876
ROBERT WILBANKS	VICE PRESIDENT OF IT (UNTIL 10/24)	40.00	Highest	$196,516	$48,258	$244,774
CHRISTINE MORAN	CORPORATE CONTROLLER	40.00	Highest	$159,609	$65,625	$225,234
EMILY JUSTICE	REGIONAL HUMAN RESOURCES	40.00	Highest	$114,404	$27,381	$141,785
MR JAMES BALES	TRUSTEE	1.00	Director	$0	$0	$0
MSSHARON BROOKS	TRUSTEE	1.00	Director	$0	$0	$0
REV DAN CARLTON	TRUSTEE	1.00	Director	$0	$0	$0
DR VALERIE CARTER	TRUSTEE	1.00	Director	$0	$0	$0
MR SCOTT CAVE	TRUSTEE	1.00	Director	$0	$0	$0
DRTIFFANY FRANKS	TRUSTEE	1.00	Director	$0	$0	$0
REV NELSON HARRIS	CHAIR	1.00	Officer Director	$0	$0	$0
MR JOHN JUNG	TRUSTEE	1.00	Director	$0	$0	$0
MRS SARA L MARCHELLO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MR ARNE OWENS	TRUSTEE	1.00	Director	$0	$0	$0
DR PAM PARSONS	TRUSTEE	1.00	Director	$0	$0	$0
MR JIM POATS	TRUSTEE	1.00	Director	$0	$0	$0
MR JOHN POMA	TRUSTEE	1.00	Director	$0	$0	$0
MRS SUSAN RUCKER	TRUSTEE	1.00	Director	$0	$0	$0
MR MATTHEW SCOTT	SECRETARY	1.00	Officer Director	$0	$0	$0
MR GARY THOMSON	TRUSTEE	1.00	Director	$0	$0	$0
MR JIM VAUGHT	TRUSTEE	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	No data	No data	No data	No data
2024	$11,799,885	$14,263,737	$106,802,120	$-2,463,852
2023	$8,327,873	$11,975,488	$91,477,486	$-3,647,615
2022	$7,655,219	$11,721,190	$107,437,962	$-4,065,971
2021	$8,820,978	$9,536,828	$66,161,909	$-715,850
2020	$7,619,328	$7,244,440	$66,909,467	$374,888
2019	$7,351,391	$7,071,971	$63,362,976	$279,420
2018	$7,101,866	$6,451,634	$53,965,543	$650,232

VIRGINIA BAPTIST HOMES INC