VIRGINIA BEACH VISION INC

EIN: 541676626

VIRGINIA BEACH, VA

Total Revenue
$265,833
Total Expenses
$232,524
Total Assets
$239,963
Net Assets
$239,963
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
VA
Principal Officer
LAURA HAYES CHALK
Phone
7575616723
Tax Period
2025-01-01 to 2025-12-31

VIRGINIA BEACH VISION INC, founded in 1993, is a small nonprofit that reported $196K in total revenue in fiscal year 2018.

Mission

TO PROMOTE THE WELFARE OF THE CITY OF VIRGNIA BEACH

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $261,750
Program Service Revenue $0
Investment Income $4,083
Other Revenue $0
TOTAL REVENUE $265,833

Expense Breakdown

Grants Paid $0
Salaries & Benefits $182,206
Fundraising Expenses $34,878
Program Expenses $174,394
Other Expenses $50,318
TOTAL EXPENSES $232,524

Year-over-Year Comparison

2025 2024 Change
Revenue $265,833 $240,398 +0.1%
Expenses $232,524 $203,497 +0.1%
Net Income $33,309 $36,901 -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

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Governance

Voting Members
118
Independent Members
118
Employees
2
Volunteers
5

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
2
$120,737
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA HAYES CHALK EXECUTIVE DIRECTOR 40.00
Officer
$120,737 $0 $120,737
SEE STATEMENT SEE STATEMENT 0.00
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
2025 $265,833 $232,524 $239,963 $33,309
2024 $240,398 $203,497 $206,652 $36,901
2023 $257,359 $224,127 $174,220 $33,232
2023 $257,359 $224,127 $174,220 $33,232
2022 $220,486 $211,475 $139,825 $9,011
2021 $216,594 $212,961 $131,922 $3,633
2020 $202,696 $189,446 $127,608 $13,250
2019 $202,705 $206,592 $115,380 $-3,887
2018 $196,131 $195,663 $116,750 $468
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