Special Olympics Virginia Inc (EIN 541013637) - 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

1975

Legal Domicile

Phone

8043465544

Tax Period

2024-01-01 to 2024-12-31

SPECIAL OLYMPICS VIRGINIA, founded in 1975, is a community nonprofit in the Recreation & Sports sector that reported $5.2M in total revenue in fiscal year 2018. Expenses of $4.8M left a modest 7% surplus.

Mission

SPECIAL OLYMPICS PROVIDES YEAR-ROUND SPORTS TRAINING AND ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR CHILDREN AND (CONTINUED ON SCHEDULE O)

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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 $7,971,554

Program Service Revenue $0

Investment Income $629,883

Other Revenue $-428,904

TOTAL REVENUE $8,172,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,306,064

Fundraising Expenses $755,329

Program Expenses $5,730,873

Other Expenses $3,690,851

TOTAL EXPENSES $6,996,915

Year-over-Year Comparison

	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%

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

7000

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

$201,620

Total Directors

$201,620

Key Employees

Highest Compensated

reported

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

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	$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

Special Olympics Virginia Inc