Greater Norfolk Corporation

EIN: 541081488

Norfolk, VA

Total Revenue
$205,661
Total Expenses
$207,683
Total Assets
$101,365
Net Assets
$97,177
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
VA
Phone
7576222242
Tax Period
2024-06-01 to 2025-05-31

GREATER NORFOLK CORPORATION, founded in 1978, is a small nonprofit that reported $217K in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $199K left a modest 8% surplus.

Mission

To participate in the Economic revitalization and development of the City of Norfolk by marshaling the resources of the private sector in support of the City and its agencies.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $205,650
Program Service Revenue $0
Investment Income $11
Other Revenue $0
TOTAL REVENUE $205,661

Expense Breakdown

Grants Paid $0
Salaries & Benefits $167,806
Fundraising Expenses $0
Program Expenses $0
Other Expenses $39,877
TOTAL EXPENSES $207,683

Year-over-Year Comparison

2024 2023 Change
Revenue $205,661 $184,364 +0.1%
Expenses $207,683 $189,510 +0.1%
Net Income $-2,022 $-5,146 -0.6%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
132
Independent Members
132
Employees
3
Volunteers
132

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
1
$131,362
Total Directors
132
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alan Dworetzky Board Member 1.0
Director
$0 $0 $0
Ali Gunbeyi Board Member 1.0
Director
$0 $0 $0
Alonzo Brandon Board Member 1.0
Director
$0 $0 $0
Amy Sampson Board Member 1.0
Director
$0 $0 $0
Angela Kerns Board Member 1.0
Director
$0 $0 $0
Anthony Walters Board Member 1.0
Director
$0 $0 $0
Armistead Williams Board Member 1.0
Director
$0 $0 $0
Arthur Collins Board Member 1.0
Director
$0 $0 $0
Ben Davenport Board Member 1.0
Director
$0 $0 $0
Bert Schmidt Board Member 1.0
Director
$0 $0 $0
Brian Hemphill Board Member 1.0
Director
$0 $0 $0
Brian Turner Board Member 1.0
Director
$0 $0 $0
Bruce Holbrook Board Member 1.0
Director
$0 $0 $0
Bruce Smith Board Member 1.0
Director
$0 $0 $0
CAPT Matthew Schlarmann Board Member 1.0
Director
$0 $0 $0
Carl Hardee Board Member 1.0
Director
$0 $0 $0
Carter Smith Board Member 1.0
Director
$0 $0 $0
Charity Volman-Winn Board Member 1.0
Director
$0 $0 $0
Charles McPhillips Board Member 1.0
Director
$0 $0 $0
Charles Nusbaum Board Member 1.0
Director
$0 $0 $0
Charlotte Herndon Board Member 1.0
Director
$0 $0 $0
Chase Townsend Board Member 1.0
Director
$0 $0 $0
Chris Sanders Board Member 1.0
Director
$0 $0 $0
Chris Uiterwyk Board Member 1.0
Director
$0 $0 $0
Clinton Minarik Board Member 1.0
Director
$0 $0 $0
Cory McNett Board Member 1.0
Director
$0 $0 $0
Dale Schuurman Board Member 1.0
Director
$0 $0 $0
Dan Banister Board Member 1.0
Director
$0 $0 $0
Daniel Peterson Board Member 1.0
Director
$0 $0 $0
Darius Davenport Board Member 1.0
Director
$0 $0 $0
David Smith Board Member 1.0
Director
$0 $0 $0
Deborah DiCroce Board Member 1.0
Director
$0 $0 $0
Donald Winchester Past President 1.0
Director
$0 $0 $0
Donovan Jones Board Member 1.0
Director
$0 $0 $0
Doug Sims Board Member 1.0
Director
$0 $0 $0
Doug Wieder Board Member 1.0
Director
$0 $0 $0
Duane Gauthier Board Member 1.0
Director
$0 $0 $0
Edward Amorosso Board Member 1.0
Director
$0 $0 $0
Edwin Kellam Board Member 1.0
Director
$0 $0 $0
Erik Cooper Board Member 1.0
Director
$0 $0 $0
Evans Poston Board Member 1.0
Director
$0 $0 $0
Frank Reynolds Board Member 1.0
Director
$0 $0 $0
George Compo Board Member 1.0
Director
$0 $0 $0
Giovanna Genard Board Member 1.0
Director
$0 $0 $0
Grayson Orsini Board Member 1.0
Director
$0 $0 $0
Guy Friddell Board Member 1.0
Director
$0 $0 $0
H Blount Hunter Board Member 1.0
Director
$0 $0 $0
Harry Lester Board Member 1.0
Director
$0 $0 $0
Henry Harris Board Member 1.0
Director
$0 $0 $0
Irving Smith Board Member 1.0
Director
$0 $0 $0
Jack Kavanaugh Board Member 1.0
Director
$0 $0 $0
James Wofford Board Member 1.0
Director
$0 $0 $0
Jason Kies Board Member 1.0
Director
$0 $0 $0
Javaune Adams-Gaston Board Member 1.0
Director
$0 $0 $0
Jeffrey Brooke Board Member 1.0
Director
$0 $0 $0
Jeffrey Clemons Board Member 1.0
Director
$0 $0 $0
Jennifer Bonsiewich Board Member 1.0
Director
$0 $0 $0
Jennifer Moore Board Member 1.0
Director
$0 $0 $0
Jenny Crittenden Board Member 1.0
Director
$0 $0 $0
Jeremy McGee Board Member 1.0
Director
$0 $0 $0
Jerry Kantor Board Member 1.0
Director
$0 $0 $0
Jim Heineman Board Member 1.0
Director
$0 $0 $0
Joel Andrus Board Member 1.0
Director
$0 $0 $0
Joel English Board Member 1.0
Director
$0 $0 $0
Josh Gerloff Board Member 1.0
Director
$0 $0 $0
Judy Swystun Board Member 1.0
Director
$0 $0 $0
Ken Kimball Board Member 1.0
Director
$0 $0 $0
Kenneth Alexander Board Member 1.0
Director
$0 $0 $0
Kenneth Royster Board Member 1.0
Director
$0 $0 $0
Larry Pendleton Treasurer 1.0
Director
$0 $0 $0
Lawrence Bernert Board Member 1.0
Director
$0 $0 $0
Leggett Kitchin Board Member 1.0
Director
$0 $0 $0
Liisa Ortegon Board Member 1.0
Director
$0 $0 $0
Lisa Morgan Board Member 1.0
Director
$0 $0 $0
Lisa Parks Board Member 1.0
Director
$0 $0 $0
Marcia Conston Board Member 1.0
Director
$0 $0 $0
Mark Nelson Board Member 1.0
Director
$0 $0 $0
Mark Perryman Board Member 1.0
Director
$0 $0 $0
Mark Rosenfield Board Member 1.0
Director
$0 $0 $0
Martin Thomas Board Member 1.0
Director
$0 $0 $0
Mary Miller Board Member 1.0
Director
$0 $0 $0
Matthew Swartz Board Member 1.0
Director
$0 $0 $0
Mel Price First Vice President 1.0
Director
$0 $0 $0
Michael Coleman Board Member 1.0
Director
$0 $0 $0
Michael Harvey Board Member 1.0
Director
$0 $0 $0
Mike Hopkins Board Member 1.0
Director
$0 $0 $0
Miles Leon Board Member 1.0
Director
$0 $0 $0
Nancy Grden Board Member 1.0
Director
$0 $0 $0
Nathan Simms Board Member 1.0
Director
$0 $0 $0
Paige Pollard Board Member 1.0
Director
$0 $0 $0
Patrice Collins Secretary 1.0
Director
$0 $0 $0
Patrick Roberts Board Member 1.0
Director
$0 $0 $0
Paul Fraim Board Member 1.0
Director
$0 $0 $0
Paula Massey Board Member 1.0
Director
$0 $0 $0
Pete Kotarides Board Member 1.0
Director
$0 $0 $0
Peter Vassiliou Board Member 1.0
Director
$0 $0 $0
Rachel Nightengale Board Member 1.0
Director
$0 $0 $0
Rebecca Wieters Board Member 1.0
Director
$0 $0 $0
Richard Diamonstein Board Member 1.0
Director
$0 $0 $0
Robbyn Gayer Board Member 1.0
Director
$0 $0 $0
Robert McCartney Board Member 1.0
Director
$0 $0 $0
Rodney Ferguson Board Member 1.0
Director
$0 $0 $0
Rolf Williams Board Member 1.0
Director
$0 $0 $0
Rudy Middleton Board Member 1.0
Director
$0 $0 $0
Ryan King Board Member 1.0
Director
$0 $0 $0
Sarah Ellis Board Member 1.0
Director
$0 $0 $0
Scott Campbell Board Member 1.0
Director
$0 $0 $0
Scott Miller Board Member 1.0
Director
$0 $0 $0
Sean Washington Board Member 1.0
Director
$0 $0 $0
Sharon Byrdsong Board Member 1.0
Director
$0 $0 $0
Shawn Avery Board Member 1.0
Director
$0 $0 $0
Sheppard Miller Board Member 1.0
Director
$0 $0 $0
Stephanie Gorham Board Member 1.0
Director
$0 $0 $0
Stephen Ballard Board Member 1.0
Director
$0 $0 $0
Stephen Kirkland Board Member 1.0
Director
$0 $0 $0
Stuart Stone Board Member 1.0
Director
$0 $0 $0
Susan Pilato Board Member 1.0
Director
$0 $0 $0
Tara Ramsey President 1.0
Director
$0 $0 $0
Teresa Peters Board Member 1.0
Director
$0 $0 $0
Thomas Inglima Board Member 1.0
Director
$0 $0 $0
Thomas Johnson Board Member 1.0
Director
$0 $0 $0
Thomas Orsini Board Member 1.0
Director
$0 $0 $0
Tim Faulkner Second Vice President 1.0
Director
$0 $0 $0
Tim Paice Board Member 1.0
Director
$0 $0 $0
Timothy Stromberg Board Member 1.0
Director
$0 $0 $0
Tony Brothers Board Member 1.0
Director
$0 $0 $0
Travis Larrabee Board Member 1.0
Director
$0 $0 $0
Trevor Spiers Board Member 1.0
Director
$0 $0 $0
Vincent Mastracco Board Member 1.0
Director
$0 $0 $0
Wayne Wilbanks Board Member 1.0
Director
$0 $0 $0
William Gresham Board Member 1.0
Director
$0 $0 $0
William Poynter Board Member 1.0
Director
$0 $0 $0
LINDA PECK EXECUTIVE DIRECTOR 40.0
Officer
$119,362 $12,000 $131,362
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 $205,661 $207,683 $101,365 $-2,022
2023 $217,470 $199,130 $109,201 $18,340
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