NORFOLK COLLEGIATE EDUCATIONAL FOU… - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

ROBERT MCFARLAND

Phone

7574802885

Tax Period

2024-07-01 to 2025-06-30

NORFOLK COLLEGIATE EDUCATIONAL FOUNDATION, founded in 1997, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $9K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $8K left a modest 11% surplus.

Mission

FUNDRAISING FOR PROVIDING SCHOLARSHIP ASSISTANCE FOR LOW-INCOME & IMPOVERISHED STUDENTS, MAINTENANCE OF ENDOWMENT FUNDS, & DISTRIBUTION OF FUNDS TO SUCH OTHER ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION.

Program Service Accomplishments

Program 1

Expenses: $8,108 Revenue: $9,081

GRANTS TO NORFOLK COLLEGIATE SCHOOL AND OTHER PARTNER SCHOOLS FOR NEED-BASED FINANCIAL AID.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,076

Program Service Revenue $0

Investment Income $5

Other Revenue $0

TOTAL REVENUE $9,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,108

Other Expenses $8,108

TOTAL EXPENSES $8,108

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,081	$15,806	-0.4%
Expenses	$8,108	$8,064	+0.0%
Net Income	$973	$7,742	-0.9%

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

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
JEFF W CREEKMORE	PRESIDENT	1.00	Officer Director	$0	$0	$0
HENRY U HARRIS III	TREASURER	1.00	Officer Director	$0	$0	$0
SUNSHINE LEINBACH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT MCFARLAND	SECRETARY	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	$9,081	$8,108	$12,263	$973
2024	$15,806	$8,064	$11,290	$7,742
2023	$55	$7,862	$12,648	$-7,807
2022	$19,092	$7,598	$18,955	$11,494
2021	$1	$7,115	$1,061	$-7,114
2020	$98,087	$133,057	$6,975	$-34,970
2019	$201,437	$165,378	$41,945	$36,059
2018	$282,040	$276,458	$5,886	$5,582

NORFOLK COLLEGIATE EDUCATIONAL FOUNDATION