VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE) (EIN 541473133) - 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

Principal Officer

CHRISTOPHER B SAXMAN

Phone

5402940680

Tax Period

2023-01-01 to 2023-12-31

VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE), founded in 1988, is a small nonprofit that reported $227K in total revenue in fiscal year 2018. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $63K, a strong 28% operating margin.

Mission

SEE STATEMENT

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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 $217,325

Program Service Revenue $7,210

Investment Income $983

Other Revenue $21,250

TOTAL REVENUE $246,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,723

Fundraising Expenses $0

Other Expenses $90,394

TOTAL EXPENSES $246,117

Year-over-Year Comparison

	2023	2022	Change
Revenue	$246,768	$225,826	+0.1%
Expenses	$246,117	$245,801	+0.0%
Net Income	$651	$-19,975	-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

N/A

Volunteers

N/A

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

$142,200

Total Directors

$142,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER B SAXMAN	EXECUTIVE DIRECTOR	40.00	Officer Director	$135,000	$7,200	$142,200
BENJAMIN DESSART	DIRECTOR	1.00	Director	$0	$0	$0
BERT DOBSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
LAURA NOVEY	PAST CHAIR	1.00	Officer Director	$0	$0	$0
JIM FRAZER	DIRECTOR	1.00	Director	$0	$0	$0
TODD HAYMORE	DIRECTOR	1.00	Director	$0	$0	$0
DORCAS HELFANT-BROWNING	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE JENNINGS	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN KENT	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH KERSEY	DIRECTOR	1.00	Director	$0	$0	$0
PAUL LAWRENCE	PAST CHAIR	1.00	Officer Director	$0	$0	$0
ESTHER LEE	DIRECTOR	1.00	Director	$0	$0	$0
SHEP MILLER	DIRECTOR	1.00	Director	$0	$0	$0
TOM MINNICK	SECRETARY	2.00	Officer Director	$0	$0	$0
CRAIG PARISOT	CHAIR	2.00	Officer Director	$0	$0	$0
NICOLE BARRANCO	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN STEPHENS	DIRECTOR	1.00	Director	$0	$0	$0
KEN STOLLE	DIRECTOR	1.00	Director	$0	$0	$0
GARY THOMSON	TREASURER	2.00	Officer Director	$0	$0	$0
DANNY VARGAS	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS J HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
BLUE JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
TODD STOTTLEMYER	DIRECTOR	1.00	Director	$0	$0	$0
LARRY ROBERTS	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$246,768	$246,117	$73,946	$651
2022	$225,826	$245,801	$67,597	$-19,975
2021	$246,721	$224,323	$95,717	$22,398
2019	$211,541	$270,258	$93,960	$-58,717
2018	$227,384	$164,303	$144,019	$63,081

VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE)