THE VIRGINIA COLLEGE FUND (EIN 540796066) - 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

1965

Legal Domicile

Principal Officer

PETER BLAKE

Phone

8043553271

Tax Period

2023-06-01 to 2024-05-31

THE VIRGINIA COLLEGE FUND, founded in 1965, is a small nonprofit in the Education sector that reported $790K in total revenue in fiscal year 2018. Revenue fell 77% from the prior year — a significant decline worth monitoring.

Mission

SOLICITATION OF PUBLIC CONTRIBUTIONS ON BEHALF OF MEMBER COLLEGES. PROVIDES FOUNDATIONS, BUSINESSES, AND INDIVIDUALS A CONVENIENT WAY OF SUPPORTING SMALL COLLEGES AND UNIVERSITIES IN VIRGINIA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $593,151

Program Service Revenue $0

Investment Income $1,745

Other Revenue $0

TOTAL REVENUE $594,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $199,301

Fundraising Expenses $159,309

Program Expenses $118,381

Other Expenses $207,014

TOTAL EXPENSES $406,315

Year-over-Year Comparison

	2023	2022	Change
Revenue	$594,896	$1,014,618	-0.4%
Expenses	$406,315	$681,917	-0.4%
Net Income	$188,581	$332,701	-0.4%

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

Total Directors

$124,891

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARTHAN F CURRIN	PAST PRESIDE	40.00	Director	$124,891	$0	$124,891
JEANNIE P BALILES	DIRECTOR	1.00	Director	$0	$0	$0
PETER BLAKE	INTERIM PRES	24.00	Officer Director	$0	$0	$0
BENJAMIN DESSART	DIRECTOR	1.00	Director	$0	$0	$0
HAROLD E JOHNSON ESQ	DIRECTOR	1.00	Director	$0	$0	$0
J LEE E OSBORNE ESQ	DIRECTOR	1.00	Director	$0	$0	$0
JOHN G ROCOVICH JR ESQ	DIRECTOR	1.00	Director	$0	$0	$0
BRAD N HALL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KAREN R JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
ROY E BUCHER JR	DIRECTOR	1.00	Director	$0	$0	$0
VIREN R KAPADIA	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES M KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
TELFON L LOGAN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD W LOVING	DIRECTOR	1.00	Director	$0	$0	$0
FREDERICK V MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
MIRTA MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
ADAM T PEACHEE	PAST CHAIR	1.00	Director	$0	$0	$0
SUSAN SCHULTZ-HUXMAN PHD	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY M FRANKS PHD	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
ELIZABETH G POVAR	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
BROOKS POWELL	DIRECTOR	1.00	Director	$0	$0	$0
DR MICHAEL SALMEIER	DIRECTOR	1.00	Director	$0	$0	$0
JUDITH R TRUMBO	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$594,896	$406,315	$587,756	$188,581
2023	$1,014,618	$681,917	$713,782	$332,701
2022	$699,301	$643,496	$407,301	$55,805
2021	$533,256	$541,555	$325,208	$-8,299
2020	$839,237	$822,386	$591,134	$16,851
2019	$789,665	$782,252	$538,209	$7,413

THE VIRGINIA COLLEGE FUND