PORTSMOUTH CHESAPEAKE AREA FOUNDATION INC (EIN 540761117) - 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

1960

Legal Domicile

Principal Officer

ANN M KIRK

Phone

7572699710

Tax Period

2024-01-01 to 2024-12-31

PORTSMOUTH CHESAPEAKE AREA FOUNDATION, founded in 1960, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2020. Revenue surged 2105% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 97% operating margin.

Mission

TO PROVIDE FOR THE WELL BEING OF THE DISABLED, TO HONOR REQUESTS FOR SPECIAL EQUIPMENT NEEDED IN THE SCHOOL PROGRAMS FOR SPECIAL NEEDS CHILDREN IN THE PORTSMOUTH AND CHESAPEAKE, VIRGINIA SCHOOLS THROUGH SUPPORT OF KIRK-CONE REHABILITATION INC.

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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 $0

Investment Income $222,437

Other Revenue $0

TOTAL REVENUE $222,437

Expense Breakdown

Grants Paid $205,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $207,607

Other Expenses $2,607

TOTAL EXPENSES $207,607

Year-over-Year Comparison

	2024	2023	Change
Revenue	$222,437	$238,534	-0.1%
Expenses	$207,607	$124,644	+0.7%
Net Income	$14,830	$113,890	-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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN M KIRK	PRESIDENT &	2.00	Officer Director	$0	$0	$0
KEN WREN JR	TRUSTEE	1.00	Director	$0	$0	$0
CYNTHIA NORMANDIA	TRUSTEE	0.50	Director	$0	$0	$0
WESLEY E BARNES JR	TREASURER &	2.00	Officer 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	$222,437	$207,607	$3,926,303	$14,830
2023	$238,534	$124,644	$3,869,129	$113,890
2022	$432,762	$190,753	$3,842,545	$242,009
2021	$673,981	$63,491	$3,603,087	$610,490
2020	$2,039,276	$56,555	$3,021,056	$1,982,721

PORTSMOUTH CHESAPEAKE AREA FOUNDATION INC