CENTRAL VIRGINIA FOUNDATION FOR ECONOMIC EDUCATION&IMPROVEMENT INC

EIN: 541255814 501(c)(3)

LYNCHBURG, VA

Total Revenue
$113,955
Total Expenses
$155,339
Total Assets
$1,485,502
Net Assets
$1,187,520
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
VA
Principal Officer
MEGAN LUCAS
Phone
4348455968
Tax Period
2024-01-01 to 2024-12-31

CENTRAL VIRGINIA FOUNDATION FOR ECONOMIC EDUCATION&IMPROVEMENT INC, founded in 1983, is a micro nonprofit that reported $48K in total revenue in fiscal year 2018. Expenses of $70K exceeded revenue, resulting in a 45% operating deficit.

Mission

CHARITABLE AND EDUCATION PURPOSES IN FURTHERANCE OF ECONOMIC GROWTH, EDUCATION, TRAINING AND 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 (2024)

Revenue Breakdown

Contributions & Grants $88,570
Program Service Revenue $0
Investment Income $0
Other Revenue $25,385
TOTAL REVENUE $113,955

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $100
Program Expenses $154,036
Other Expenses $155,339
TOTAL EXPENSES $155,339

Year-over-Year Comparison

2024 2023 Change
Revenue $113,955 $78,757 +0.4%
Expenses $155,339 $132,983 +0.2%
Net Income $-41,384 $-54,226 -0.2%
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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Liquidity & Cash Position

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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR JOHN CAPPS DIR N/A
Director
$0 $0 $0
TERESA DAVIS DIR N/A
Director
$0 $0 $0
PAUL DENHAM DIR N/A
Director
$0 $0 $0
LAUREN DIANICH VICE PRES N/A
Officer Director
$0 $0 $0
SHEENA GILLISPIE DIR N/A
Director
$0 $0 $0
STEVE LAMANNA PRES N/A
Officer Director
$0 $0 $0
MEGAN LUCAS SEC/TREAS N/A
Officer Director
$0 $0 $0
MEHGAN MCCRICKARD DIR N/A
Director
$0 $0 $0
ROBERT OBRIAN DIR N/A
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 $113,955 $155,339 $1,485,502 $-41,384
2023 $78,757 $132,983 $1,559,769 $-54,226
2022 $182,629 $241,928 $1,630,168 $-59,299
2021 $156,272 $200,652 $1,805,751 $-44,380
2020 $279,472 $283,860 $1,886,148 $-4,388
2019 $40,423 $78,980 $2,057,636 $-38,557
2018 $48,387 $70,207 $1,840,348 $-21,820
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