HAMPTON ROADS ACADEMY (EIN 540659912) - 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

1959

Legal Domicile

Principal Officer

JAMES H LASLEY

Phone

7578849152

Tax Period

2024-07-01 to 2025-06-30

Hampton Roads Academy, founded in 1959, is a mid-sized nonprofit in the Education sector that reported $15.3M in total revenue in fiscal year 2017. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $13.3M left a modest 13% surplus.

Mission

A CO-ED, PRIVATE, INDEPENDENT, DAY SCHOOL FOR GRADES PRE-K THROUGH 12

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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 $1,054,755

Program Service Revenue $12,790,630

Investment Income $544,240

Other Revenue $158,299

TOTAL REVENUE $14,547,924

Expense Breakdown

Grants Paid $1,079,754

Salaries & Benefits $9,823,830

Fundraising Expenses $0

Program Expenses $10,794,305

Other Expenses $3,729,895

TOTAL EXPENSES $14,633,479

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,547,924	$13,866,637	+0.0%
Expenses	$14,633,479	$14,805,236	0.0%
Net Income	$-85,555	$-938,599	-0.9%

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

284

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

$540,788

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS BEAL	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
NATASHA ROASE	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
ALLISON PARKS HALE	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
GEORGE HANKINS	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
SCOTT ASHE	TRUSTEE	2.00	Director	$0	$0	$0
RHONDA BARBOSA	TRUSTEE	2.00	Director	$0	$0	$0
STANLEY BIELEWICZ	TRUSTEE	2.00	Director	$0	$0	$0
JOSHUA DORNAN	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL HATCHETT	TRUSTEE	2.00	Director	$0	$0	$0
STEPHANIE HEINATZ	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN HUTCHENS	TRUSTEE	2.00	Director	$0	$0	$0
PHILLIP C JONES	TRUSTEE	2.00	Director	$0	$0	$0
GREGG KLICH	TRUSTEE	2.00	Director	$0	$0	$0
MARISSA K LANIER	TRUSTEE	2.00	Director	$0	$0	$0
BRANTLEE LEMMINK	TRUSTEE	2.00	Director	$0	$0	$0
C LARRY POPE	TRUSTEE	2.00	Director	$0	$0	$0
NORA RULE	TRUSTEE	2.00	Director	$0	$0	$0
NICHOLAS SABLAN	TRUSTEE	2.00	Director	$0	$0	$0
MARK SHORT	TRUSTEE	2.00	Director	$0	$0	$0
KELLY TRIEBER	TRUSTEE	2.00	Director	$0	$0	$0
HELEN WEBER	TRUSTEE	2.00	Director	$0	$0	$0
JAMES H LASLEY	HEAD OF SCHOOL	60.00	Officer	$328,273	$61,902	$390,175
CAROLINE HELPINSTILL	CHIEF FINANCIAL OFFICER	40.00	Officer	$90,200	$3,308	$93,508
ELIZABETH C GARDNER	DIRECTOR OF ADVANCEMENT	40.00	Officer	$57,105	$0	$57,105
BENJAMIN ROUS	ASST HEAD OF SCHOOL/DIR OF UPPER	40.00	Highest	$110,919	$5,777	$116,696

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	$14,547,924	$14,633,479	$23,650,277	$-85,555
2024	$13,866,637	$14,805,236	$23,510,689	$-938,599
2023	$16,627,707	$14,287,236	$24,369,472	$2,340,471
2022	$13,982,146	$13,598,962	$22,556,646	$383,184
2021	$14,722,729	$12,798,689	$24,546,952	$1,924,040
2020	$12,637,301	$12,620,452	$26,062,252	$16,849
2019	$16,081,659	$12,838,231	$22,809,395	$3,243,428
2018	$15,336,481	$13,291,213	$19,001,719	$2,045,268

HAMPTON ROADS ACADEMY