HENRICO COUNTY VOCATIONAL TECHNICA… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

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 $66K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $100K exceeded revenue, resulting in a 51% 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.

Program Service Accomplishments

Program 1

Expenses: $8,970

STUDENTS ARE WORKING ON THE COMPLETION OF CONSTRUCTION OF A NEW HOME. ALL DIRECT COSTS ARE CAPITALIZED UNTIL THE HOME IS SOLD.

Program 2

Expenses: $10,894

THE FOUNDATION DONATED 7,500 TO THREE HENRICO COUNTY VIRGINIA PUBLIC HIGH SCHOOL TECHNICAL CENTERS (HIGHLAND SPRINGS TECHNICAL CENTER, THE ACADEMY AT VIRGINIA RANDOLPH, AND HERMITAGE TECHNICAL...

THE FOUNDATION DONATED 7,500 TO THREE HENRICO COUNTY VIRGINIA PUBLIC HIGH SCHOOL TECHNICAL CENTERS (HIGHLAND SPRINGS TECHNICAL CENTER, THE ACADEMY AT VIRGINIA RANDOLPH, AND HERMITAGE TECHNICAL CENTER) AND 3,394 OF SCHOLARSHIPS TO THE HENRICO COUNTY PUBLIC SCHOOLS CTE PROGRAM TO SUPPORT ACADEMIC NEEDS OF STUDENTS WHO OTHERWISE COULD NOT AFFORD THE COST OF THE SCHOOL PROGRAMS.

Program 3

Expenses: $79,701

DURING THE SUMMER MONTHS, STUDENTS MAY ATTEND A "SUMMER FUN" PROJECT TO RAISE AWARENESS OF THE HENRICO CTE PROGRAM. OTHER SPECIAL PROJECTS ARE PERFORMED THAT CONTRIBUTE TO THE LEARNING OBJECTIVES OF THE PROGRAM. DURING THESE PROJECTS, STUDENTS WORKED ON REHABILITATING AN EXISTING STRUCTURE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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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

N/A

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

Total Directors

Key Employees

Highest Compensated

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

HENRICO COUNTY VOCATIONAL TECHNICAL EDUCATION FOUNDATION INC