SMALL BUSINESS DEVELOPMENT CENTER OF HAMPTON ROADS (EIN 541534595) - 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

1990

Legal Domicile

Principal Officer

SYLVIA HAINES

Phone

7576222312

Tax Period

2023-01-01 to 2023-12-31

SMALL BUSINESS DEVELOPMENT CENTER OF HAMPTON ROADS, founded in 1990, is a small nonprofit that reported $489K in total revenue in fiscal year 2018. Expenses of $432K left a modest 12% surplus.

Mission

TO FOSTER SMALL BUSINESS SUCCESS AND GROW THE REGION'S ECONOMY.

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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 $438,323

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $438,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $325,306

Fundraising Expenses $0

Other Expenses $88,728

TOTAL EXPENSES $414,034

Year-over-Year Comparison

	2023	2022	Change
Revenue	$438,323	$463,349	-0.1%
Expenses	$414,034	$472,918	-0.1%
Net Income	$24,289	$-9,569	-3.5%

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

Governance

Voting Members

Independent Members

Employees

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

$708,465

Total Directors

$708,465

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN STEPHENS	PRESIDENT AN	2.00	Officer Director	$0	$21,931	$427,331
SYLVIA HAINES	SECRETARY	1.00	Officer Director	$0	$17,295	$167,295
JOLIE SPIERS	CENTER DIREC	40.00	Officer Director	$100,000	$13,839	$113,839
JODY A KEENAN	EX OFFICIER	0.30	Officer Director	$0	$0	$0
JEFF RICHARDSON	DIRECTOR	0.30	Director	$0	$0	$0
JEFF TANNER	CHAIR	0.30	Director	$0	$0	$0
GEORGE MARQUEZ	DIRECTOR	0.30	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	$438,323	$414,034	$305,397	$24,289
2022	$463,349	$472,918	$260,544	$-9,569
2021	$580,598	$608,003	$263,643	$-27,405
2020	$646,848	$598,827	$292,522	$48,021
2019	$407,640	$405,211	$252,913	$2,429
2018	$488,908	$432,490	$244,080	$56,418

SMALL BUSINESS DEVELOPMENT CENTER OF HAMPTON ROADS