VIRGINIA INDEPENDENCE TRAINING ORGANIZATION INC (EIN 541945517) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

VIRGINIA INDEPENDENCE TRAINING ORGANIZATION INC, founded in 1999, is a community nonprofit in the Employment sector that reported $1.5M in total revenue in fiscal year 2020. Revenue decreased 8% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 13% operating deficit.

Mission

SIGNIFICANT ACTIVITIES:TO TEACH INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES IN A DAY SUPPORT SETTING, LIFE SKILLS THAT COULD LBE USED ON A DAY TO DAY BASIS

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,027,890

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,027,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,283,176

Fundraising Expenses $0

Program Expenses $1,208,758

Other Expenses $1,052,893

TOTAL EXPENSES $2,336,069

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,027,890	$1,929,506	+0.1%
Expenses	$2,336,069	$2,228,968	+0.0%
Net Income	$-308,179	$-299,462	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$367,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELO MORLINO	PRESIDENT	40.00	Officer	$187,500	$0	$187,500
REGINA MORLINO	VICE PRESIDENT	40.00	Officer	$180,000	$0	$180,000
CATHY SWAIM	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
DR SUSAN SIGLER	CHAIRMAN	1.00	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
2025	No data	No data	No data	No data
2024	$2,027,890	$2,336,069	$477,270	$-308,179
2023	$1,929,506	$2,228,968	$454,052	$-299,462
2022	$1,595,147	$1,804,744	$451,268	$-209,597
2021	$1,542,393	$1,745,250	$383,572	$-202,857

VIRGINIA INDEPENDENCE TRAINING ORGANIZATION INC