VIRGINIA BEACH PUBLIC SCHOOLS EDUCATION FOUNDATION AND SUBSIDIARY (EIN 541637620) - 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

1991

Legal Domicile

Principal Officer

WILL MORALES

Phone

7572631069

Tax Period

2024-07-01 to 2025-06-30

VIRGINIA BEACH PUBLIC SCHOOLS EDUCATION FOUNDATION INC AND SUBSIDIARY, founded in 1991, is a small nonprofit in the Education sector that reported $425K in total revenue in fiscal year 2017. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $169K, a strong 40% operating margin.

Mission

TO MAKE A DIFFERENCE IN THE EPUBLIC SCHOOLS OF VIRGINIA BEACH BY RAISING PRIVATE SECTOR SUPPORT TO FUND INNOVATIVE AND CREATIVE LEARNING PROGRAMS AND TO REWARD EDUCATIONAL EXELLENCE USING GRANTS TO HELP SUPPORT PILOT PROGRAMS RUN BY THE SCHOOL SYSTEM EDUCATORS.

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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 $606,312

Program Service Revenue $0

Investment Income $110,733

Other Revenue $3,816

TOTAL REVENUE $720,861

Expense Breakdown

Grants Paid $234,012

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $539,719

Other Expenses $348,019

TOTAL EXPENSES $582,031

Year-over-Year Comparison

	2024	2023	Change
Revenue	$720,861	$630,169	+0.1%
Expenses	$582,031	$721,834	-0.2%
Net Income	$138,830	$-91,665	-2.5%

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

$103,552

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBBIE HUGHES	COORDINATOR	40.00	Officer	$0	$0	$103,552
WILL MORALES	PRESIDENT	2.00	Officer Director	$0	$0	$0
MONICA CURRY	PRESIDENT EL	2.00	Officer Director	$0	$0	$0
SKIP TEMPLETON	TREASURER	2.00	Officer Director	$0	$0	$0
AMY MALLINSON	SECRETARY	2.00	Officer Director	$0	$0	$0
KEVIN HILL	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
JON ABRAHAMS	DIRECTOR	0.10	Director	$0	$0	$0
MORGAN ALBISTON	DIRECTOR	0.10	Director	$0	$0	$0
TONY ARNOLD	DIRECTOR	0.10	Director	$0	$0	$0
JUSTIN BALLARD	DIRECTOR	0.10	Director	$0	$0	$0
TOM BARRINGER	DIRECTOR	0.10	Director	$0	$0	$0
ROB BERZ	DIRECTOR	0.10	Director	$0	$0	$0
DANIEL EDWARDS	DIRECTOR	0.10	Director	$0	$0	$0
SHEILA MAGULA	DIRECTOR	0.10	Director	$0	$0	$0
DEBBIE NADIRAN	DIRECTOR	0.10	Director	$0	$0	$0
ROBYN NISS	DIRECTOR	0.10	Director	$0	$0	$0
JAMIE KANE	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
KELLEE COLE	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
MELODY BALLON	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
SHREY TRIVEDI	TRUSTE/DIREC	N/A	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	$720,861	$582,031	$3,356,414	$138,830
2024	$630,169	$721,834	$3,011,823	$-91,665
2023	$594,620	$736,796	$2,952,483	$-142,176
2022	$475,885	$347,473	$2,932,876	$128,412
2021	$380,214	$259,140	$3,162,475	$121,074
2020	$541,128	$305,091	$2,909,579	$236,037
2019	$381,819	$237,153	$2,951,892	$144,666
2018	$424,733	$256,224	$2,659,041	$168,509

VIRGINIA BEACH PUBLIC SCHOOLS EDUCATION FOUNDATION AND SUBSIDIARY