NORFOLK COMMUNITY TRUST EXEMPT FUND (EIN 541721199) - 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

1993

Legal Domicile

Principal Officer

WILLIAM PRINCE

Phone

7577565600

Tax Period

2023-07-01 to 2024-06-30

NORFOLK COMMUNITY TRUST EXEMPT FUND, founded in 1993, is a micro nonprofit in the Human Services sector that reported $37K in total revenue in fiscal year 2020. Revenue fell 53% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $27K, a strong 74% operating margin.

Mission

THE TRUST IS A TYPE I SUPPORTING ORGANIZATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,277

Program Service Revenue $0

Investment Income $31,625

Other Revenue $0

TOTAL REVENUE $35,902

Expense Breakdown

Grants Paid $24,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,500

Other Expenses $7,551

TOTAL EXPENSES $32,051

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,902	$30,375	+0.2%
Expenses	$32,051	$16,688	+0.9%
Net Income	$3,851	$13,687	-0.7%

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

N/A

Independent Members

N/A

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
SAMUEL J WEBSTER	TRUSTEE	0.40	Officer Director	$0	$0	$0
RANDY L FREEMAN	TRUSTEE	0.10	Director	$0	$0	$0
PATRICIA A MACKEIL	TRUSTEE	0.10	Director	$0	$0	$0
WILLIAM A PRINCE	TRUSTEE	0.20	Director	$0	$0	$0
THOMAS S WEAVER	TRUSTEE	0.10	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	$35,902	$32,051	$1,049,464	$3,851
2023	$30,375	$16,688	$981,308	$13,687
2022	$51,104	$14,169	$919,199	$36,935
2021	$36,557	$9,575	$1,043,049	$26,982

NORFOLK COMMUNITY TRUST EXEMPT FUND