CHIP OF VIRGINIA

EIN: 541683042 501(c)(3)

RICHMOND, VA

Total Revenue
$326,496
Total Expenses
$205,813
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
VA
Principal Officer
LISA SPECTER-DUNAWAY
Phone
8047832667
Tax Period
2017-07-01 to 2017-08-31

CHIP OF VIRGINIA, founded in 1992, is a small nonprofit that reported $326K in total revenue in fiscal year 2017. Revenue fell 92% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $121K, a strong 37% operating margin.

Mission

CHIP OF VIRGINIA ADMINISTERS AND MONITORS A NETWORK OF 7 AGENCIES IN 27 VIRGINIA LOCALITIES WHO WORK WITH LOW-INCOME FAMILIES TO ASSURE THAT CHILDREN FROM BIRTH TO AGE 6 RECEIVE THE HEALTH CARE NECESSARY FOR THEM TO LEAD HEALTHY LIVES, ENTER SCHOOL READY TO LEARN, AND GET THE BEST POSSIBLE START ON A BRIGHT FUTURE. CHIP OF VIRGINIA PROVIDES TRAINING AND TECHNICAL ASSISTANCE, EVALUATION, QUALITY ASSURANCE, PUBLIC RELATIONS AND RESOURCE DEVELOPMENT TO FULFILL OUR LEGISLATIVE MANDATE TO DEVELOP, EXPAND AND OPERATE THE CHIP NETWORK OF PUBLIC-PRIVATE PARTNERSHIPS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $326,496
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $326,496

Expense Breakdown

Grants Paid $0
Salaries & Benefits $147,923
Fundraising Expenses $25,148
Program Expenses $149,896
Other Expenses $41,510
TOTAL EXPENSES $205,813

Year-over-Year Comparison

2017 2016 Change
Revenue $326,496 $3,927,853 -0.9%
Expenses $205,813 $3,859,873 -0.9%
Net Income $120,683 $67,980 +0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
9
Volunteers
15

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
$170,847
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMBERLY WEIR BOARD MEMBER 1.00
Director
$0 $0 $0
DAVE LEVIN BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH WHALLEY BUONO CHAIR 1.00
Director
$0 $0 $0
JIM SEEVERS VICE CHAIR 1.00
Director
$0 $0 $0
AMY STRITE BOARD MEMBER 1.00
Director
$0 $0 $0
KARIN ADDISON BOARD MEMBER 1.00
Director
$0 $0 $0
CHAVIS HARRIS TREASURER - SECRETARY 1.00
Director
$0 $0 $0
BRENT RAWLINGS BOARD MEMBER 1.00
Director
$0 $0 $0
ANNE BRADSTREET SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID ADELMAN BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN THOMAS BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN CRUMP BOARD MEMBER 1.00
Director
$0 $0 $0
LISA SPECTER-DUNAWAY PRESIDENT AND CEO 40.00
Officer
$72,275 $15,682 $87,957
LAURA DARLING COO 40.00
Officer
$68,471 $14,419 $82,890
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
2017 $326,496 $205,813 No data $120,683
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