STAFFORD COUNTY VOCATIONAL EDUCATIO FOUNDATION INC

EIN: 541516883 501(c)(3)

FREDERICKSBURG, VA

Total Revenue
$3,811
Total Expenses
$11,478
Total Assets
$671,511
Net Assets
$671,511
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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
1990
Legal Domicile
VA
Principal Officer
WILLIAM THORNTON
Phone
5403717200
Tax Period
2024-01-01 to 2024-12-31

STAFFORD COUNTY VOCATIONAL EDUCATIO FOUNDATION INC, founded in 1990, is a micro nonprofit that reported $4K in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $11K exceeded revenue, resulting in a 201% operating deficit.

Mission

TO PROVIDE A PRACTICAL AND MEANINGFUL VOCATIONAL EDUCATION FOR STAFFORD COUNTY STUDENTS BY GIVING THEM HANDS ON EXPERIENCE IN ALL PHASES OF HOME CONSTRUCTION AND ALSO TO PROVIDE STUDENTS AN OPPORTUNITY TO WORK ON USED CARS.

Program Service Accomplishments

Program 1
Expenses: $6,222

CONSTRUCTION-HANDS ON EXPERIENCE IN ALL PHASES OF HOME CONSTRUCTION, BUILDING A HOUSE. PRELIMINARY CONSTRUCTION COSTS ARE INCLUDED IN INVENTORY.

Program 2
Expenses: $4,178

AWARD CAREER AND TECHNICAL EDUCATION SCHOLARSHIPS.

Program 3
Expenses: $172

PROVIDE VOCATIONAL EDUCATION DEPARTMENTS WITH MATERIALS AND SUPPLIES. THESE ARE MATERIALS OTHER THAN INVENTORY COSTS FOR BUILDING A HOUSE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $942
Other Revenue $2,869
TOTAL REVENUE $3,811

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $11,478
Other Expenses $11,478
TOTAL EXPENSES $11,478

Year-over-Year Comparison

2024 2023 Change
Revenue $3,811 $536,075 -1.0%
Expenses $11,478 $520,067 -1.0%
Net Income $-7,667 $16,008 -1.5%
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

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Governance

Voting Members
5
Independent Members
5
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
5
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHIRLEY C BUNCH TREASURER, A N/A
Officer Director
$0 $0 $0
DANIEL HARDING VICE PRESIDE N/A
Officer Director
$0 $0 $0
JOHN PROWETT TREASURER N/A
Officer Director
$0 $0 $0
WILLIAM THORNTON PRESIDENT N/A
Officer Director
$0 $0 $0
DINAH ROBINSON SECRETARY N/A
Officer
$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 $3,811 $11,478 $671,511 $-7,667
2023 $536,075 $520,067 $678,569 $16,008
2022 $42,211 $18,333 $662,561 $23,878
2021 $510,109 $393,415 $638,683 $116,694
2020 $1,720 $23,782 $521,989 $-22,062
2019 $361,335 $310,501 $544,051 $50,834
2018 $367,249 $243,126 $493,217 $124,123
2017 $18,120 $223,730 $369,094 $-205,610
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