THE TEAM FOUNDATION

EIN: 541749509 501(c)(3) Philanthropy & Grantmaking

NEWPORT NEWS, VA

Total Revenue
$70,397
Total Expenses
$156,730
Total Assets
$612,012
Net Assets
$612,012
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
VA
Principal Officer
DAVID E HUNT
Phone
7572457861
Tax Period
2024-07-01 to 2025-06-30

THE TEAM FOUNDATION, founded in 1995, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $61K in total revenue in fiscal year 2020. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $39K, a strong 64% operating margin.

Mission

THE PURPOSE IS TO PROVIDE BENEFITS/SUPPORT TO TRINITY EVANGELICAL LUTHERAN CHURCH AND SCHOOL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $70,397
Other Revenue $0
TOTAL REVENUE $70,397

Expense Breakdown

Grants Paid $143,783
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $156,705
Other Expenses $12,947
TOTAL EXPENSES $156,730

Year-over-Year Comparison

2024 2023 Change
Revenue $70,397 $51,976 +0.4%
Expenses $156,730 $39,189 +3.0%
Net Income $-86,333 $12,787 -7.8%
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
9
Independent Members
9
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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID E HUNT PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $0 $0
DALE F GOODMAN DIRECTOR 1.00
Director
$0 $0 $0
JOHN M LUNSFORD TREASURER/DIRECTOR 1.00
Officer Director
$0 $0 $0
WILLIAM C SOLOMON SECRETARY/DIRECTOR 1.00
Officer Director
$0 $0 $0
SUSAN M MOESLEIN DIRECTOR 1.00
Director
$0 $0 $0
MARK R MADLER DIRECTOR 1.00
Director
$0 $0 $0
AMY C ROBINSON DIRECTOR 1.00
Director
$0 $0 $0
WENDY S MYNOYMANY DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM M MULVEY VICE PRESIDENT/DIRECTOR 1.00
Officer 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 $70,397 $156,730 $612,012 $-86,333
2024 $51,976 $39,189 $698,345 $12,787
2023 $36,036 $53,609 $685,558 $-17,573
2022 $106,899 $15,006 $703,131 $91,893
2021 $61,323 $21,924 $611,238 $39,399
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