VIRGINIA PENINSULA FOODBANK (EIN 541422298) - 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

1987

Legal Domicile

Principal Officer

ROBERT LATVIS

Phone

7575967188

Tax Period

2024-07-01 to 2025-06-30

VIRGINIA PENINSULA FOODBANK, founded in 1987, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $20.1M in total revenue in fiscal year 2018. Expenses of $19.2M left a modest 4% surplus.

Mission

THROUGH OUR VARIOUS PROGRAMS, WE PROVIDE ALMOST 10.4 MILLION MEALS TO CHILDREN, FAMILIES, SENIORS, AND VETERANS IN OUR COMMUNITY.

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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 $20,673,079

Program Service Revenue $30,673

Investment Income $671,417

Other Revenue $213,943

TOTAL REVENUE $21,589,112

Expense Breakdown

Grants Paid $16,142,663

Salaries & Benefits $2,618,532

Fundraising Expenses $791,047

Program Expenses $21,639,558

Other Expenses $3,935,468

TOTAL EXPENSES $22,913,585

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,589,112	$26,853,663	-0.2%
Expenses	$22,913,585	$23,469,068	0.0%
Net Income	$-1,324,473	$3,384,595	-1.4%

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

5281

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

$312,444

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL JACOBS	BOARD MEMBER	2.00	Director	$0	$0	$0
IAN WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFF VERHOEF	BOARD MEMBER	2.00	Director	$0	$0	$0
AMBER PRICE	BOARD MEMBER	2.00	Director	$0	$0	$0
PATRICK MURPHREY	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVIN LINCOLN	BOARD MEMBER	2.00	Director	$0	$0	$0
GEORGE FINELLI	BOARD MEMBER	2.00	Director	$0	$0	$0
TIFFANY BOYLE	BOARD MEMBER	2.00	Director	$0	$0	$0
EBONI COUNCIL	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER MUSE	MEMBER AT LARGE	2.00	Director	$0	$0	$0
CURTIS BAKER	VICE PRESIDENT, ADMINISTRATION	2.00	Officer Director	$0	$0	$0
MICHAEL DOUCETTE	VICE PRESIDENT, DEVELOPMENT	2.00	Officer Director	$0	$0	$0
JOESEPH WITT	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
JONATHAN TOMS	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
MATISHA DENTU	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIK MILLS	PRESIDENT	2.00	Officer Director	$0	$0	$0
LISA OLVERSON	CHIEF FINANCIAL OFFICER	40.00	Officer	$104,954	$11,457	$116,411
KAREN JOYNER	CHIEF EXECUTIVE OFFICER (THRU 8/24)	40.00	Officer	$108,861	$10,627	$119,488
ROBERT P LATVIS	CHIEF EXECUTIVE OFFICER (FROM 8/24)	40.00	Officer	$74,795	$1,750	$76,545
RENEE FIGURELLE	CHIEF OPERATIONS OFFICER	40.00	Highest	$107,093	$13,482	$120,575

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	$21,589,112	$22,913,585	$27,133,846	$-1,324,473
2024	No data	No data	No data	No data
2023	$20,114,602	$19,486,598	$24,342,704	$628,004
2022	$19,403,587	$19,124,055	$23,871,273	$279,532
2021	$28,160,341	$23,364,226	$23,195,661	$4,796,115
2020	$23,735,742	$21,290,280	$17,782,795	$2,445,462
2019	$20,061,457	$19,174,787	$14,726,676	$886,670

VIRGINIA PENINSULA FOODBANK