Richmond, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Special Olympics Virginia Inc, founded in 1975, is a community nonprofit in the Recreation & Sports sector that reported $8.2M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $7.0M left a modest 14% surplus.
SPECIAL OLYMPICS VIRGINIA, INC. IS A NONSTOCK CORPORATION THAT PROVIDES YEAR-ROUND SPORTS TRAINING AND ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES AT NO COST TO THE ATHLETES OR THEIR FAMILIES. THE ORGANIZATION (CONTINUED ON SCHEDULE O)
EACH YEAR, SPECIAL OLYMPICS VIRGINIA ATHLETES SHOWCASE THEIR SKILLS AT FIVE SIGNATURE STATE-LEVEL EVENTS: THE XPERIENCE TENNIS CHAMPIONSHIPS, SPEED SKATING CHAMPIONSHIPS, BASKETBALL CHAMPIONSHIPS...
EACH YEAR, SPECIAL OLYMPICS VIRGINIA ATHLETES SHOWCASE THEIR SKILLS AT FIVE SIGNATURE STATE-LEVEL EVENTS: THE XPERIENCE TENNIS CHAMPIONSHIPS, SPEED SKATING CHAMPIONSHIPS, BASKETBALL CHAMPIONSHIPS, SUMMER GAMES AND FALL CHAMPIONSHIPS. HELD SEASONALLY THROUGHOUT THE YEAR, THESE COMPETITIONS BRING TOGETHER ATHLETES, UNIFIED PARTNERS AND VOLUNTEERS FROM ACROSS THE COMMONWEALTH FOR UNFORGETTABLE MOMENTS OF SPORT AND INCLUSION. OUR LARGEST EVENT, SUMMER GAMES, IS NOTHING SHORT OF LEGENDARY. IN JUNE 2024, MORE THAN 1300 DEDICATED VOLUNTEERS BRAVED THE RICHMOND HEAT TO SUPPORT 1181 ATHLETES AND UNIFIED PARTNERS COMPETING IN SWIMMING, SOFTBALL, TRACK & FIELD, BOWLING AND TENNIS. ADDITIONALLY, DURING THE GAMES, ATHLETES RECEIVED FREE SCREENINGS AND TREATMENT IN VISION, HEARING, DENTAL CARE AND FITNESS, THANKS TO THE HEALTHY ATHLETES PROGRAM. THE COMPETITION YEAR BEGAN IN JANUARY WITH THE XPERIENCE TENNIS CHAMPIONSHIPS AND SPEED SKATING (CONTINUED ON SCHEDULE O)
AREA PROGRAMS: SPECIAL OLYMPICS VIRGINIA HAS SUB-DIVIDED THE STATE INTO 32 GEOGRAPHIC AREA PROGRAMS IN ORDER TO REACH AS MANY PEOPLE WITH INTELLECTUAL DISABILITIES AS POSSIBLE. THESE PROGRAMS...
AREA PROGRAMS: SPECIAL OLYMPICS VIRGINIA HAS SUB-DIVIDED THE STATE INTO 32 GEOGRAPHIC AREA PROGRAMS IN ORDER TO REACH AS MANY PEOPLE WITH INTELLECTUAL DISABILITIES AS POSSIBLE. THESE PROGRAMS GENERALLY CONTAIN SEVERAL CITIES AND COUNTIES. THE VOLUNTEERS IN THESE AREAS RAISE FUNDS FOR THEIR AREA, DECIDE WHAT ACTIVITIES TO OFFER IN THEIR AREA, AND GENERALLY ARE THE GRASSROOTS PROVIDER OF SPECIAL OLYMPICS VIRGINIA SERVICES. THESE EVENTS PROVIDE AN OPPORTUNITY FOR ATHLETES TO DISPLAY THEIR CAPABILITIES AND INSPIRE PEOPLE IN THEIR COMMUNITIES AND ELSEWHERE TO OPEN THEIR HEARTS TO A WIDER WORLD OF HUMAN TALENTS AND POTENTIAL. IN ADDITION, REGULAR PHYSICAL ACTIVITY IS EXTREMELY IMPORTANT TO PEOPLE WITH INTELLECTUAL DISABILITIES, WHO FACE SIGNIFICANT CHALLENGES IN ACCESSING QUALITY HEALTH CARE AND OBTAINING OPPORTUNITIES THAT PROMOTE FITNESS AND WELLNESS, RESULTING IN PRONOUNCED HEALTH DISPARITIES AND REDUCED LIFE EXPECTANCY.
SPECIAL OLYMPICS UNIFIED CHAMPION SCHOOLS (UCS) PROGRAM USES SPORTS TO DEVELOP SCHOOL COMMUNITIES WHERE YOUTH ARE AGENTS OF CHANGE, FOSTERING RESPECT, DIGNITY AND ADVOCACY FOR PEOPLE WITH...
SPECIAL OLYMPICS UNIFIED CHAMPION SCHOOLS (UCS) PROGRAM USES SPORTS TO DEVELOP SCHOOL COMMUNITIES WHERE YOUTH ARE AGENTS OF CHANGE, FOSTERING RESPECT, DIGNITY AND ADVOCACY FOR PEOPLE WITH DISABILITIES. IN COLLABORATION WITH SCHOOL SYSTEMS ACROSS VIRGINIA, THE VIRGINIA HIGH SCHOOL LEAGUE AND THE VIRGINIA DEPARTMENT OF EDUCATION, THE GOAL IS TO INSPIRE THE FIRST UNIFIED GENERATION. UCS IS AIMED AT PROMOTING SOCIAL INCLUSION THROUGH INTENTIONALLY PLANNED AND IMPLEMENTED ACTIVITIES AFFECTING SYSTEMS-WIDE CHANGE. WITH SPORTS AS THE FOUNDATION, THE THREE COMPONENT MODEL - INCLUSIVE SPORTS, INCLUSIVE YOUTH LEADERSHIP OPPORTUNITIES, AND WHOLE SCHOOL ENGAGEMENT - OFFERS A UNIQUE COMBINATION OF EFFECTIVE ACTIVITIES THAT EQUIP YOUNG PEOPLE WITH TOOLS AND TRAINING TO CREATE SPORTS, CLASSROOM AND SCHOOL CLIMATES OF ACCEPTANCE. THESE ARE SCHOOL CLIMATES WHERE STUDENTS WITH DISABILITIES FEEL WELCOME AND ARE ROUTINELY INCLUDED IN, AND FEEL A PART OF, ALL ACTIVITIES, OPPORTUNITIES AND FUNCTIONS. IN VIRGINIA, WE HAVE 555 ENGAGED SCHOOLS IN 59 JURISDICTIONS, AND 17,500 YOUTH INVOLVED IN UNIFIED SPORTS PROGRAMMING.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $8,172,533 | $6,408,163 | +0.3% |
| Expenses | $6,996,915 | $6,012,391 | +0.2% |
| Net Income | $1,175,618 | $395,772 | +2.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAVID E THOMASON | OFFICER - PRESIDENT & CEO | 40.0 |
Officer
Director
|
$179,191 | $22,429 | $201,620 |
| DR JOY CAVAGNARO | OFFICER - PAST CHAIR | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| ELLIOT ELIADES | OFFICER - SECRETARY | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| KELLY MORTENSEN | OFFICER - TREASURER | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL SAXON | OFFICER - CHAIR | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| AMY WOLFE | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| ANDREA MANN | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| BILL BODDIE JR | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| BRIGID KLEIN | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| CAPT JILL MILLS | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| CHELSEA GAUGHRAN | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| CHRIS HALL | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| DANNY MEYER | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| DR MARCELLE DAVIS | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| JIM KUZNAR | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| JOEL MARTIN | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| MARC A TATE | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| OLGA WOLTMAN | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| RICK PALMIERI | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| SHER DAVID DECATUR | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| DAVE PAWLOWSKI | VP - SPORTS, FITNESS & HEALTH | 40.0 |
Highest
|
$117,536 | $9,557 | $127,093 |
| HOLLY CLAYTOR | VICE PRESIDENT, DEVELOPMENT AND COMMUNICATIONS | 40.0 |
Highest
|
$110,439 | $9,057 | $119,496 |
| KIM D'ERRICO | VP - FINANCE & ADMINISTRATION | 40.0 |
Highest
|
$126,300 | $10,994 | $137,294 |
| ROY ZEIDMAN | SENIOR VP - MARKETING & DEVELOPMENT | 40.0 |
Highest
|
$158,913 | $20,807 | $179,720 |
| VAL REINFORD | VP - LOCAL PROGRAM SERVICES | 40.0 |
Highest
|
$108,428 | $9,057 | $117,485 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $8,172,533 | $6,996,915 | $18,838,336 | $1,175,618 |
| 2023 | $6,408,163 | $6,012,391 | $16,696,692 | $395,772 |
| 2022 | $6,911,807 | $5,390,369 | $15,848,620 | $1,521,438 |
| 2021 | $5,499,279 | $4,162,524 | $13,473,653 | $1,336,755 |
| 2020 | $4,833,027 | $3,960,234 | $11,537,224 | $872,793 |
| 2019 | $5,325,648 | $4,918,879 | $10,497,130 | $406,769 |
| 2018 | $5,164,883 | $4,788,952 | $9,405,036 | $375,931 |
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