VIRGINIA BUSINESS HIGHER EDUCATION COUNCIL (EIN 541827038) - 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

1994

Legal Domicile

Principal Officer

M KIRKLAND COX

Phone

8042492889

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA BUSINESS HIGHER EDUCATION COUNCIL, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $604K in total revenue in fiscal year 2020. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $94K, a strong 16% operating margin.

Mission

TO ENHANCE THE PERFORMANCE OF VIRGINIA'S PUBLIC COLLEGES, UNIVERSITIES AND COMMUNITY COLLEGES AND THEIR FUNDING BY STATE GOVERNMENT, TO HAVE A POSITIVE IMPACT ON VIRGINIA'S ECONOMY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $654,681

Program Service Revenue $0

Investment Income $31

Other Revenue $0

TOTAL REVENUE $654,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $201,662

Fundraising Expenses $25,674

Program Expenses $677,001

Other Expenses $547,570

TOTAL EXPENSES $749,232

Year-over-Year Comparison

	2024	2023	Change
Revenue	$654,712	$1,159,995	-0.4%
Expenses	$749,232	$1,086,933	-0.3%
Net Income	$-94,520	$73,062	-2.3%

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

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

$176,500

Total Directors

$176,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
M KIRKLAND COX	PRESIDENT	40.00	Officer Director	$176,500	$0	$176,500
DENNIS H TREACY	CHAIRMAN	4.00	Officer Director	$0	$0	$0
NANCY HOWELL AGEE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TODD STOTTLEMYER	TREASURER	4.00	Officer Director	$0	$0	$0
GEORGE K MARTIN	SECRETARY	4.00	Officer Director	$0	$0	$0
MAKOLA M ABDULLAH	DIRECTOR	2.00	Director	$0	$0	$0
JAVAUNE ADAMS-GASTON	DIRECTOR	2.00	Director	$0	$0	$0
G ROBERT ASTON JR	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT M BLUE	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS J COSGROVE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID DORE	DIRECTOR	2.00	Director	$0	$0	$0
CARLY FIORINA	DIRECTOR	2.00	Director	$0	$0	$0
CLIFFORD B FLEET	DIRECTOR	2.00	Director	$0	$0	$0
VICTORIA D HARKER	DIRECTOR	2.00	Director	$0	$0	$0
DONNA PRICE HENRY	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER L HUNTER	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL KARAFOTIS	DIRECTOR	2.00	Director	$0	$0	$0
BILL KELLY	DIRECTOR	2.00	Director	$0	$0	$0
CHARLIE KING	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN MORET	DIRECTOR	2.00	Director	$0	$0	$0
JAMES B MURRAY JR	DIRECTOR	2.00	Director	$0	$0	$0
MARK R PACE	DIRECTOR	2.00	Director	$0	$0	$0
TROY D PAINO	DIRECTOR	2.00	Director	$0	$0	$0
DELBERT PARKS	DIRECTOR	2.00	Director	$0	$0	$0
LF PAYNE	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH L PETRINE	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL J QUILLEN	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL RAO	DIRECTOR	2.00	Director	$0	$0	$0
W TAYLOR REVELEY IV	DIRECTOR	2.00	Director	$0	$0	$0
KATHERINE A ROWE	DIRECTOR	2.00	Director	$0	$0	$0
JAMES E RYAN	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY D SANDS	DIRECTOR	2.00	Director	$0	$0	$0
MEHUL SANGHANI	DIRECTOR	2.00	Director	$0	$0	$0
BECKY SAWYER	DIRECTOR	2.00	Director	$0	$0	$0
JOHN C ASBURY	DIRECTOR	2.00	Director	$0	$0	$0
BRET DANILOWICZ	DIRECTOR	2.00	Director	$0	$0	$0
HEYWOOD FRALIN	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN HEMPHILL	DIRECTOR	2.00	Director	$0	$0	$0
DEBBIE SYDOW	DIRECTOR	2.00	Director	$0	$0	$0
HOLLY SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
GREGORY WASHINGTON	DIRECTOR	2.00	Director	$0	$0	$0
PRESTON WHITE	DIRECTOR	2.00	Director	$0	$0	$0
CEDRIC WINS	DIRECTOR	2.00	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
2024	$654,712	$749,232	$44,918	$-94,520
2023	$1,159,995	$1,086,933	$139,438	$73,062
2022	$523,946	$605,964	$66,376	$-82,018
2021	$1,183,737	$1,163,939	$148,394	$19,798
2020	$603,626	$510,008	$128,596	$93,618

VIRGINIA BUSINESS HIGHER EDUCATION COUNCIL