NORFOLK CHRISTIAN HOLDING CORPORATION (EIN 541536024) - 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

1989

Legal Domicile

Principal Officer

FRANK ALLGOOD

Phone

7574235770

Tax Period

2024-07-01 to 2025-06-30

NORFOLK CHRISTIAN HOLDING CORPORATION, founded in 1989, is a micro nonprofit in the Education sector that reported $87K in total revenue in fiscal year 2017. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $634K exceeded revenue, resulting in a 629% operating deficit.

Mission

TITLE HOLDING CORPORATION FOR EXEMPT ORGANIZATION

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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 $265,117

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $265,117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $771,567

Other Expenses $771,567

TOTAL EXPENSES $771,567

Year-over-Year Comparison

	2024	2023	Change
Revenue	$265,117	N/A	N/A
Expenses	$771,567	$1,048,330	-0.3%
Net Income	$-506,450	$-1,048,330	-0.5%

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

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
FRANK ALLGOOD	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARY BETH RICKMAN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KIMBERLY KEY	SECRETARY	2.00	Officer 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	$265,117	$771,567	$13,269,541	$-506,450
2024	No data	$1,048,330	$13,994,769	No data
2023	$-67,297	$1,029,985	$14,708,700	$-1,097,282
2022	$391,546	$643,616	$15,256,956	$-252,070
2021	$44,350	$604,597	$15,114,948	$-560,247
2020	No data	$705,401	$15,679,793	No data
2019	$89,002	$634,348	$16,272,365	$-545,346
2018	$87,027	$634,308	$16,833,720	$-547,281

NORFOLK CHRISTIAN HOLDING CORPORATION