Norfolk Historical Foundation

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

James Gildea

Tax Period

2021-01-01 to 2021-12-31

Norfolk Historical Foundation, founded in 1996, is a micro nonprofit in the Education sector that reported $61K in total revenue in fiscal year 2021. The organization ran a surplus of $42K, a strong 69% operating margin.

Mission

To manage the maintenance and growth through investment with a long- term horizon of bequeathed funds to be able to make funds available to supplement the operating budget of the Norfolk Historical Socie

Program Service Accomplishments

Program 1

Expenses: $14,000

Support the financial operations of the Norfollk Historical Society

Program 2

Expenses: $4,604

Oversee the management of the Foundations investment portfolio.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $60,765

Other Revenue $0

TOTAL REVENUE $60,765

Expense Breakdown

Grants Paid $14,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,604

Other Expenses $4,604

TOTAL EXPENSES $18,604

Year-over-Year Comparison

	2021	2020	Change
Revenue	$60,765	$61,396	0.0%
Expenses	$18,604	$21,841	-0.1%
Net Income	$42,161	$39,555	+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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

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
P McPhillips	President	N/A	Director	$0	$0	$0
Gretta Gustavs	Secretary	N/A	Director	$0	$0	$0
James Gildea	Treasurer	N/A	Director	$0	$0	$0
William Davis	Dirctor	N/A	Director	$0	$0	$0
Carter Furr	Director	N/A	Director	$0	$0	$0
Peggy McPhilli	President	0	Director	$0	$0	$0
G Gustavson	Sectretary	0	Director	$0	$0	$0
James Gildea	Treasurer	0	Director	$0	$0	$0
William Davis	Director	0	Director	$0	$0	$0
Carter Furr	Director	0	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
2021	$60,765	$18,604	$522,656	$42,161
2020	$61,396	$21,841	$480,495	$39,555
2019	$75,251	$12,693	$440,940	$62,558