VIRGINIA COMMONWEALTH UNIVERSITY R… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

GEORGE EMERSON

Phone

8048289292

Tax Period

2022-07-01 to 2023-06-30

VIRGINIA COMMONWEALTH UNIVERSITY REAL ESTATE FOUNDATION, founded in 1992, is a mid-sized nonprofit in the Education sector that reported $10.2M in total revenue in fiscal year 2022. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.7M, a strong 27% operating margin.

Mission

THE FOUNDATION WAS FOUNDED FOR THE PURPOSE OF ACCEPTING, ACQUIRING, LEASING, SELLING OR DISPOSING, OPERATING AND/OR MANAGING PROPERTY FOR THE EXCLUSIVE BENEFIT OF VIRGINIA COMMONWEALTH UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $7,307,344 Revenue: $10,142,228

TO SUPPORT VIRGINIA COMMONWEALTH UNIVERSITY THROUGH THE MANAGEMENT OF REAL ESTATE USED IN THE UNIVERSITY'S EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES.

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,108,901

Investment Income $106,682

Other Revenue $33,327

TOTAL REVENUE $10,248,910

Expense Breakdown

Grants Paid $51,876

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,307,344

Other Expenses $7,464,475

TOTAL EXPENSES $7,516,351

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,248,910	$9,483,023	+0.1%
Expenses	$7,516,351	$6,417,427	+0.2%
Net Income	$2,732,559	$3,065,596	-0.1%

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

Total Directors

$1,159,696

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH K FOURNESS	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN K JACKSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BURT PINNOCK	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD E BYRNE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT L HANSAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN C JACOBY	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS W PAPA	DIRECTOR	1.00	Director	$0	$0	$0
SHANTARAM K TALEGAONKAR	DIRECTOR	1.00	Director	$0	$0	$0
DR MICHAEL RAO	EX-OFFICIO DIRECTOR	1.00	Director	$0	$372,660	$1,159,696
GEORGE EMERSON	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$10,248,910	$7,516,351	$98,443,315	$2,732,559
2022	$9,483,023	$6,417,427	$99,593,802	$3,065,596
2021	$7,982,693	$5,887,651	$95,872,198	$2,095,042
2020	$8,941,579	$6,294,076	$91,759,283	$2,647,503
2019	$9,162,429	$6,732,860	$93,115,473	$2,429,569
2018	$9,026,883	$6,642,221	$93,529,271	$2,384,662

VIRGINIA COMMONWEALTH UNIVERSITY REAL ESTATE FOUNDATION