SOUTHERN VIRGINIA DEVELOPMENT CORPORATION (EIN 541678996) - 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

1992

Principal Officer

ROBERT SMITH

Tax Period

2022-07-01 to 2023-06-30

SOUTHERN VIRGINIA DEVELOPMENT CORPORATION, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $192K in total revenue in fiscal year 2017. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $320K exceeded revenue, resulting in a 67% operating deficit.

Mission

IMPROVE THE QUALITY OF LIFE FOR LOW AND MIDDLE INCOME CITIZENS IN GREENSVILLE COUNTY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $62,880

Program Service Revenue $24,835

Investment Income $27

Other Revenue $0

TOTAL REVENUE $87,742

Expense Breakdown

Grants Paid $22,005

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $57,410

Other Expenses $48,660

TOTAL EXPENSES $70,665

Year-over-Year Comparison

	2022	2021	Change
Revenue	$87,742	$99,999	-0.1%
Expenses	$70,665	$66,896	+0.1%
Net Income	$17,077	$33,103	-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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT SMITH	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBERT E CAIN	VICE-CHAIRMA	1.00	Officer Director	$0	$0	$0
JUANITA JEFFERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
GARY CIFERS	TREASURER	1.00	Officer Director	$0	$0	$0
BELINDA ASTROP	DIRECTOR	1.00	Director	$0	$0	$0
FELECIA LAWSON-WALLER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES M VELIKY	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
2023	$87,742	$70,665	$962,346	$17,077
2022	$99,999	$66,896	$975,471	$33,103
2021	$280,921	$196,766	$1,006,034	$84,155
2020	$425,665	$356,392	$983,505	$69,273
2019	$227,439	$283,535	$1,052,053	$-56,096
2018	$191,783	$319,947	$1,112,066	$-128,164

SOUTHERN VIRGINIA DEVELOPMENT CORPORATION