SupportWorks Housing (EIN 541444564) - 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

1988

Legal Domicile

Phone

8047886825

Tax Period

2024-01-01 to 2024-12-31

Virginia Supportive Housing, founded in 1988, is a mid-sized nonprofit that reported $10.1M in total revenue in fiscal year 2018. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $1.7M, a strong 17% operating margin.

Mission

We end homelessness by providing permanent housing and supportive services.

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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 $11,278,418

Program Service Revenue $1,101,450

Investment Income $219,954

Other Revenue $0

TOTAL REVENUE $12,599,822

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,598,027

Fundraising Expenses $0

Program Expenses $10,729,859

Other Expenses $6,066,334

TOTAL EXPENSES $12,664,361

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,599,822	$14,118,838	-0.1%
Expenses	$12,664,361	$11,505,882	+0.1%
Net Income	$-64,539	$2,612,956	-1.0%

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

196

Volunteers

100

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

$273,392

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathy Robertson	President	5.00	Officer Director	$0	$0	$0
Joshua Ragland	Secretary & Treasurer	2.00	Officer Director	$0	$0	$0
Andrew Sherrod	Vice President	2.00	Officer Director	$0	$0	$0
Sharon K Nusbaum	Director	1.00	Director	$0	$0	$0
Curtis Carter	Director	1.00	Director	$0	$0	$0
Pam Goggins	Director	1.00	Director	$0	$0	$0
Andrew Heatwole	Director	1.00	Director	$0	$0	$0
Tanisha Davis	Director	1.00	Director	$0	$0	$0
Leslee Oliver	Director	1.00	Director	$0	$0	$0
Sharon Patrick	Director	1.00	Director	$0	$0	$0
Kaki Dimock	Director	1.00	Director	$0	$0	$0
George Stroud	Director	1.00	Director	$0	$0	$0
Allison Bogdanovic	Executive Director	40.00	Officer	$168,169	$15,818	$183,987
N/A	Outsourced Finance and Accounting Services	9.40	Officer	$89,405	$0	$89,405
Jennifer Tiller	Director of Services	40.00	Highest	$127,587	$13,657	$141,244
Sheila Parker	Director of Property Management	40.00	Highest	$128,766	$11,959	$140,725
Julie Anderson	Director of Real Estate Development	40.00	Highest	$132,423	$3,634	$136,057
Chris Edwards	Director of Mission Advancement	40.00	Highest	$118,514	$10,937	$129,451
Elizabeth Nice	Associate Director of Real Estate Development	40.00	Highest	$102,331	$2,798	$105,129

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	No data	No data	No data	No data
2024	$12,599,822	$12,664,361	$41,669,628	$-64,539
2023	$14,118,838	$11,505,882	$39,489,794	$2,612,956
2022	$16,410,294	$11,758,280	$35,534,461	$4,652,014
2021	$11,444,363	$11,114,973	$30,778,021	$329,390
2020	$13,782,106	$13,204,719	$30,087,390	$577,387
2019	$9,585,951	$9,644,025	$29,519,147	$-58,074
2018	$10,133,007	$8,425,846	$29,123,181	$1,707,161

SupportWorks Housing