HENRICO COUNTY VOCATIONAL TECHNICAL EDUCATION FOUNDATION INC

EIN: 541423600 501(c)(3) Unknown

HENRICO, VA

Total Revenue
$65,831
Total Expenses
$99,565
Total Assets
$2,112,055
Net Assets
$2,112,055
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
VA
Principal Officer
F PHILIP PARKER JR
Phone
8047811818
Tax Period
2024-07-01 to 2025-06-30

HENRICO COUNTY VOCATIONAL TECHNICAL EDUCATION FOUNDATION INC, founded in 1989, is a micro nonprofit in the Unknown sector that reported $10K in total revenue in fiscal year 2018. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $22K exceeded revenue, resulting in a 127% operating deficit.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE FOUNDATION IS TO PROVIDE A HANDS ON VOCATIONAL EDUCATION EXPERIENCE THAT IS NOT OTHERWISE AVAILABLE IN THE 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,000
Program Service Revenue $0
Investment Income $63,316
Other Revenue $515
TOTAL REVENUE $65,831

Expense Breakdown

Grants Paid $10,894
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $99,565
Other Expenses $88,671
TOTAL EXPENSES $99,565

Year-over-Year Comparison

2024 2023 Change
Revenue $65,831 $105,352 -0.4%
Expenses $99,565 $29,234 +2.4%
Net Income $-33,734 $76,118 -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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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
14

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
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
F PHILIP PARKER JR PRESIDENT N/A
Officer Director
$0 $0 $0
DOMINIQUE CHAPMAN VICE PRESIDE N/A
Officer Director
$0 $0 $0
MICHAEL EDWARDS CPA TREASURER N/A
Officer Director
$0 $0 $0
ROULA SABA SECRETARY N/A
Officer Director
$0 $0 $0
KAREN G NICELY DIRECTOR N/A
Director
$0 $0 $0
DAN BALDECCHI DIRECTOR N/A
Director
$0 $0 $0
CHRIS DURAND DIRECTOR N/A
Director
$0 $0 $0
SKIP EASTMAN DIRECTOR N/A
Director
$0 $0 $0
REV LAVELLE R RUDD DIRECTOR N/A
Director
$0 $0 $0
STEPHEN A COOR EMERITUS MEM N/A
Director
$0 $0 $0
ANN E VASS EMERITUS MEM N/A
Director
$0 $0 $0
RICHARD A MOORE DIRECTOR N/A
Director
$0 $0 $0
HERMAN F BLAKE JR DIRECTOR N/A
Director
$0 $0 $0
EUGENE BORDONIE DIRECTOR 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 $65,831 $99,565 $2,112,055 $-33,734
2024 $105,352 $29,234 $2,145,789 $76,118
2023 $-328,656 $19,200 $2,069,671 $-347,856
2022 $11,500 $22,245 $747,492 $-10,745
2021 $63,248 $16,050 $758,237 $47,198
2020 $57,565 $20,206 $711,039 $37,359
2019 $9,509 $21,552 $673,680 $-12,043
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