THE VIRGINIA COLLEGE FUND

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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

1965

Legal Domicile

Principal Officer

PETER BLAKE

Phone

8043553271

Tax Period

2025-06-01 to 2026-05-31

THE VIRGINIA COLLEGE FUND, founded in 1965, is a micro nonprofit in the Education sector that reported $43K in total revenue in fiscal year 2025. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $601K exceeded revenue, resulting in a 1296% operating deficit.

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.

Program Service Accomplishments

Program 1

Expenses: $571,118

DISTRIBUTIONS OF PUBLIC CONTRIBUTIONS TO MEMBER COLLEGES AND UNIVERSITIES

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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 (2025)

Revenue Breakdown

Contributions & Grants $39,755

Program Service Revenue $0

Investment Income $3,256

Other Revenue $0

TOTAL REVENUE $43,011

Expense Breakdown

Grants Paid $566,289

Salaries & Benefits $22,600

Fundraising Expenses $11,885

Program Expenses $571,118

Other Expenses $11,689

TOTAL EXPENSES $600,578

Year-over-Year Comparison

	2025	2024	Change
Revenue	$43,011	$191,710	-0.8%
Expenses	$600,578	$218,634	+1.7%
Net Income	$-557,567	$-26,924	+19.7%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER BLAKE	INTERIM PRES	1.00	Officer Director	$0	$0	$0
BRAD N HALL	CHAIR	1.00	Officer Director	$0	$0	$0
KAREN R JACKSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ELIZABETH G POVAR	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
ADAM T PEACHEE	DIRECTOR	1.00	Director	$0	$0	$0
DR THOMAS POWELL	DIRECTOR	1.00	Director	$0	$0	$0
JEANNIE P BALILES	DIRECTOR	1.00	Director	$0	$0	$0
ROY E BUCHER JR	DIRECTOR	1.00	Director	$0	$0	$0
JUDITH R TRUMBO	DIRECTOR	1.00	Director	$0	$0	$0
VIREN R KAPADIA	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD W LOVING	DIRECTOR	1.00	Director	$0	$0	$0
JOHN G ROCOVICH JR ESQ	DIRECTOR	1.00	Director	$0	$0	$0
FREDERICK V MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
J LEE E OSBORNE ESQ	DIRECTOR	1.00	Director	$0	$0	$0
DR SHANNON DYCUS	DIRECTOR	1.00	Director	$0	$0	$0
DR STEVE PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES M KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
MIRTA MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN DESSART	DIRECTOR	1.00	Director	$0	$0	$0
HAROLD E JOHNSON ESQ	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
2026	$43,011	$600,578	No data	$-557,567
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