VIRGINIA FFA FOUNDATION INC (EIN 541291124) - 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

1984

Legal Domicile

Principal Officer

JENNIFER ARMSTRONG

Phone

5402313823

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA FFA FOUNDATION INC, founded in 1984, is a small nonprofit in the Human Services sector that reported $111K in total revenue in fiscal year 2018. Expenses of $175K exceeded revenue, resulting in a 58% operating deficit.

Mission

TO PROMOTE THE BEST INTEREST OF STUDENTS AND THOSE INVOLVED IN AGRICULTURAL EDUCATION/FFA IN ORDER TO ENHANCE OPPORTUNITIES THAT WILL ENABLE EVERY STUDENT TO REACH THEIR MAXIMUM POTENTIAL OF A PRODUCTIVE CITIZEN OF THE COMMONWEALTH.

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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 $480,351

Program Service Revenue $0

Investment Income $0

Other Revenue $73,670

TOTAL REVENUE $554,021

Expense Breakdown

Grants Paid $273,930

Salaries & Benefits $67,581

Fundraising Expenses $0

Program Expenses $426,167

Other Expenses $123,935

TOTAL EXPENSES $465,446

Year-over-Year Comparison

	2024	2023	Change
Revenue	$554,021	$445,099	+0.2%
Expenses	$465,446	$434,655	+0.1%
Net Income	$88,575	$10,444	+7.5%

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

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

$53,114

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBEKAH SLABACH	CHAIR	3.00	Officer Director	$0	$0	$0
JEN NEIL	SECRETARY	3.00	Officer Director	$0	$0	$0
PAUL EBERLY	TREASURER	3.00	Officer Director	$0	$0	$0
BETH BREEDING	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN CARPENTER	DIRECTOR	2.00	Director	$0	$0	$0
RALEIGH HAYTER	DIRECTOR	2.00	Director	$0	$0	$0
GRETA LISKEY	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN WALSH	DIRECTOR	2.00	Director	$0	$0	$0
MELESSA SUDER	DIRECTOR	2.00	Director	$0	$0	$0
MOIR BEAMER	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD PREISSER	DIRECTOR	2.00	Director	$0	$0	$0
TODD LEGGE	CHAIR ELECT	2.00	Director	$0	$0	$0
KATIE FRAZIER	DIRECTOR	2.00	Director	$0	$0	$0
ADAM FORD	PAST CHAIR	2.00	Director	$0	$0	$0
KEIGHLY GORE	DIRECTOR	2.00	Director	$0	$0	$0
AUSTIN LARGE	DIRECTOR	2.00	Director	$0	$0	$0
JEFF RHODES	DIRECTOR	2.00	Director	$0	$0	$0
HUNTER SANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
ANDY SEIBEL	EX-OFFICIO	2.00	Director	$0	$0	$0
ALISON JONES	EX-OFFICIO	2.00	Director	$0	$0	$0
GRAYSON LONG	EX-OFFICIO	2.00	Director	$0	$0	$0
LA VETA NUTTER	EX-OFFICIO	2.00	Director	$0	$0	$0
JENNIFER ARMSTRONG	EXECUTIVE DIRECTOR	40.00	Officer	$53,114	$0	$53,114

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	$554,021	$465,446	$3,130,874	$88,575
2023	$445,099	$434,655	$2,782,787	$10,444
2022	$349,144	$357,420	$2,439,502	$-8,276
2021	$268,392	$341,628	$2,801,304	$-73,236
2020	$148,824	$175,306	$2,566,934	$-26,482
2019	$180,410	$243,803	$2,271,366	$-63,393
2018	$110,612	$174,706	$1,957,811	$-64,094

VIRGINIA FFA FOUNDATION INC