Virginia Ship Repair Foundation

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

WILLIAM CROW

Phone

7572337034

Tax Period

2023-01-01 to 2023-12-31

Virginia Ship Repair Foundation, founded in 2005, is a small nonprofit that reported $508K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $459K left a modest 10% surplus.

Mission

PROMOTE WORKFORCE DEVELOPMENT AND OTHER EFFORTS THAT PROMOTE THE VIABILITY OF THE SHIP REPAIR INDUSTRY IN VIRGINIA, RECRUIT, DEVELOP AND EDUCATE THE EXISTING AND FUTURE WORKFORCE OF THE SHIP REPAIR INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $424,191 Revenue: $349,859

IN 2023, THE FOUNDATION ACCOMPLISHED ITS MISSION TO DEVELOP AND EDUCATE THE EXISTING AND FUTURE WORKFORCE OF THE SHIP REPAIR INDUSTRY IN THE FOLLOWING MEANS: PURSUED VIRTUAL CAREER AND INDUSTRY DAY OUTREACH TO AREA SCHOOLS; HOSTED 9 MIDDLE SCHOOL TEAMS COMPRISED OF APPROXIMATELY 90 STUDENTS TO COMPETE IN THE SHIP REPAIR DIGITAL INNOVATION DESIGN COMPETITION; CONTINUED TO OFFER MARINE TRADE TRAINING COURSES FOR ENTRY-LEVEL WORKERS IN PARTNERSHIP WITH REGIONAL COMMUNITY COLLEGES IN COATINGS, ELECTRICAL, OUTSIDE MACHINIST, PIPEFITTING, SHEET METAL, AND WELDING; FACILITATED TOURS OF SHIP REPAIR FACILITIES FOR VARIOUS GROUPS, TO EXPERIENCE THE SHIPYARD ENVIRONMENT AND SPEAK WITH INCUMBENT WORKERS; PARTNERED WITH REGIONAL SCHOOL SYSTEMS IN HAMPTON, NORFOLK, VIRGINIA BEACH, CHESAPEAKE, AND PORTSMOUTH TO PROVIDE INFORMATION ON AVAILABLE CAREER PATHWAYS TO INTERESTED STUDENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $25,250

Program Service Revenue $289,910

Investment Income $34,477

Other Revenue $158,712

TOTAL REVENUE $508,349

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $424,191

Other Expenses $458,624

TOTAL EXPENSES $458,624

Year-over-Year Comparison

	2023	2022	Change
Revenue	$508,349	$617,296	-0.2%
Expenses	$458,624	$486,320	-0.1%
Net Income	$49,725	$130,976	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$232,713

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM CROW	EXECUTIVE DIRECTOR	10.0	Officer	$0	$25,857	$232,713
ROBBIE WALKER	CHAIRMAN	0.25	Officer Director	$0	$0	$0
CHRISTIAN STANCO	VICE CHAIRMAN	0.25	Officer Director	$0	$0	$0
TODD KLING	SECRETARY/TREASURER	0.25	Officer Director	$0	$0	$0
AMANDA BERCE	DIRECTOR	0.25	Director	$0	$0	$0
NIKOLE DUNKLEY	DIRECTOR	0.25	Director	$0	$0	$0
JEFFREY JULIAN	DIRECTOR	0.25	Director	$0	$0	$0
GREGG KRUER	DIRECTOR	0.25	Director	$0	$0	$0
CHRIS MARSH	DIRECTOR	0.25	Director	$0	$0	$0
CHRIS MURRAY	DIRECTOR	0.25	Director	$0	$0	$0
CHRISTOPHER MCCALLUM	DIRECTOR	0.25	Director	$0	$0	$0
JAY PROCK	DIRECTOR	0.25	Director	$0	$0	$0
WIGBERTO RIVERA	DIRECTOR	0.25	Director	$0	$0	$0
TERRY STEAD	DIRECTOR	0.25	Director	$0	$0	$0
ALICIA UZZLE	DIRECTOR	0.25	Director	$0	$0	$0
NIKKIN VAUGHN	DIRECTOR	0.25	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
2024	No data	No data	No data	No data
2023	$508,349	$458,624	$1,409,820	$49,725
2022	$617,296	$486,320	$1,371,965	$130,976
2021	$667,496	$504,693	$1,205,532	$162,803
2020	$636,051	$374,072	$1,053,591	$261,979
2019	$787,617	$709,986	$792,845	$77,631
2018	$1,073,486	$667,670	$696,011	$405,816