Virginia Ship Repair Foundation

EIN: 541186058 501(c)(3)

Norfolk, VA

Total Revenue
$508,349
Total Expenses
$458,624
Total Assets
$1,409,820
Net Assets
$1,370,521
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
VA
Principal Officer
WILLIAM CROW
Phone
7572337034
Tax Period
2023-01-01 to 2023-12-31

Virginia Ship Repair Foundation, founded in 2005, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2018. Revenue surged 232% from the prior year, signaling strong growth momentum. The organization ran a surplus of $406K, a strong 38% operating margin.

Mission

TRAINING AND WORKFORCE DEVELOPMENT

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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 (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
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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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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
15

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
4
$232,713
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
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
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