NORFOLK BOTANICAL GARDEN INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1940

Legal Domicile

Principal Officer

PETER SCHMIDT

Phone

7574415830

Tax Period

2022-07-01 to 2023-06-30

NORFOLK BOTANICAL GARDEN INC, founded in 1940, is a mid-sized nonprofit in the Environment sector that reported $16.6M in total revenue in fiscal year 2022. The organization ran a surplus of $2.5M, a strong 15% operating margin.

Mission

THE MISSION OF NORFOLK BOTANICAL GARDEN IS TO ENRICH LIFE BY PROMOTING THE ENJOYMENT OF PLANTS AND THE ENVIRONMENT THROUGH BEAUTIFUL GARDENS AND EDUCATIONAL PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $637,529 Revenue: $304,933

PROVIDES EDUCATION RELATED TO ENVIRONMENTAL SCIENCE AND HORTICULTURE FOR BOTH CHILDREN AND ADULTS THROUGH EXPERIENTIAL LEARNING ACTIVITIES IN THE GARDEN, INFORMAL EDUCATIONAL PROGRAMS AND COMMUNITY...

Program 2

Expenses: $12,233,523 Revenue: $2,673,436

PROVIDES A NATURAL LOCATION FOR EDUCATIONAL EXPERIENCES TO PROMOTE OVERALL WELLNESS FOR ALL AGES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $10,946,716

Program Service Revenue $2,978,369

Investment Income $410,942

Other Revenue $2,252,050

TOTAL REVENUE $16,588,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,357,238

Fundraising Expenses $351,530

Program Expenses $12,871,052

Other Expenses $8,734,871

TOTAL EXPENSES $14,092,109

Year-over-Year Comparison

	2022	2021	Change
Revenue	$16,588,077	$16,211,583	+0.0%
Expenses	$14,092,109	$7,943,655	+0.8%
Net Income	$2,495,968	$8,267,928	-0.7%

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

163

Volunteers

1143

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

$575,654

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR JOHN P BAIOCCO	BOARD MEMBER	1.00	Director	$0	$0	$0
MS KELLEY BASHARA	BOARD MEMBER	1.00	Director	$0	$0	$0
MR C WILEY GRANDY	BOARD MEMBER	1.00	Director	$0	$0	$0
MS RAMONA FARROW	BOARD MEMBER	1.00	Director	$0	$0	$0
MS LAURIE J FOX	BOARD MEMBER	1.00	Director	$0	$0	$0
MR LAMONT M HENRY	BOARD MEMBER	1.00	Director	$0	$0	$0
MR MICHAEL W KEARNS	TREASURER	1.00	Officer Director	$0	$0	$0
MS PAMELA KISER	BOARD MEMBER	1.00	Director	$0	$0	$0
MS JEANNE KRUGER	BOARD MEMBER	1.00	Director	$0	$0	$0
MS VICKIE A MATHEIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MS STEPHANIE L MCSWEENEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MS LIN MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
MS PAULA J MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
MS CAROLINE S OLIVER	SECRETARY	1.00	Officer Director	$0	$0	$0
MS CHADRA PITTMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MS CLENISE PLATT	CHAIR	1.00	Officer Director	$0	$0	$0
MR ANTHONY E RONDEAU	BOARD MEMBER	1.00	Director	$0	$0	$0
MR SIMON H SCOTT III	BOARD MEMBER	1.00	Director	$0	$0	$0
MS JILLIAN L SWENSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MS BETH BLANCHARD TURNBULL	BOARD MEMBER	1.00	Director	$0	$0	$0
MS KATHERINE W WYNNE	BOARD MEMBER	1.00	Director	$0	$0	$0
MR MICHAEL P DESPLAINES	PRESIDENT AND CEO	50.00	Officer	$239,749	$28,966	$268,715
MS CATHERINE FITZGERALD	VP OF OPERATIONS AND DEVEL	50.00	Officer	$130,287	$11,859	$142,146
MR PETER SCHMIDT	CHIEF FINANCIAL OFFICER	50.00	Officer	$153,544	$11,249	$164,793

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$16,588,077	$14,092,109	$47,423,480	$2,495,968
2022	$16,211,583	$7,943,655	$43,853,620	$8,267,928
2021	$13,971,328	$7,290,053	$39,077,123	$6,681,275
2020	$8,006,251	$7,054,739	$32,347,412	$951,512
2019	$9,147,704	$7,526,676	$29,221,129	$1,621,028
2018	$11,005,362	$7,364,804	$26,449,685	$3,640,558