ABILITY CENTER OF VIRGINIA (EIN 541310168) - 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

DAVID KILBY

Phone

7574977474

Tax Period

2023-07-01 to 2024-06-30

ABILITY CENTER OF VIRGINIA, founded in 1984, is a small nonprofit in the Diseases & Disorders sector that reported $345K in total revenue in fiscal year 2017. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $400K exceeded revenue, resulting in a 16% operating deficit.

Mission

SERVICE AND SUPPORT FOR PEOPLE WITH DISABILITIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $121,059

Program Service Revenue $341,197

Investment Income $20,415

Other Revenue $156,785

TOTAL REVENUE $639,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $393,613

Fundraising Expenses $45,417

Program Expenses $514,975

Other Expenses $176,874

TOTAL EXPENSES $570,487

Year-over-Year Comparison

	2023	2022	Change
Revenue	$639,456	$474,132	+0.3%
Expenses	$570,487	$500,436	+0.1%
Net Income	$68,969	$-26,304	-3.6%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

125

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAT BANKS	TREASURER	N/A	Director	$0	$0	$0
KELLY DIPASQUALE	BOARD MEMBER	N/A	Director	$0	$0	$0
BROOKS JOHNSON	SECRETARY	N/A	Director	$0	$0	$0
DAVID KILBY	PRESIDENT	N/A	Officer Director	$0	$0	$0
AMEENA LEWIS	BOARD MEMBER	N/A	Director	$0	$0	$0
BETH MCGLOON	BOARD MEMBER	N/A	Director	$0	$0	$0
JASON POVIO	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHELLE PRENDERGAST	EXECUTIVE DI	N/A	Director	$0	$0	$0
SKYLER THOMAS	BOARD MEMBER	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
2025	No data	No data	No data	No data
2024	$639,456	$570,487	$669,106	$68,969
2023	$474,132	$500,436	$593,229	$-26,304
2022	$390,949	$440,880	$620,993	$-49,931
2021	$508,864	$364,494	$676,266	$144,370
2020	$285,957	$436,441	$581,403	$-150,484
2019	$363,801	$438,274	$692,911	$-74,473
2018	$345,475	$400,100	$746,389	$-54,625

ABILITY CENTER OF VIRGINIA