VIRGINIA LEGENDS WALK FOUNDATION (EIN 541968112) - 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

2000

Legal Domicile

Principal Officer

ROBERT N MELATTI

Phone

7578150830

Tax Period

2023-01-01 to 2023-12-31

VIRGINIA LEGENDS WALK FOUNDATION, founded in 2000, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $80K in total revenue in fiscal year 2019. Revenue surged 390% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18K, a strong 22% operating margin.

Mission

PROVIDE ELECTION FOR AND EDUCATION CONCERNING LEGENDARY VIRGINIA PERSONALITIES. INSTALL PLAQUES THAT HONOR THESE VIRGINIANS IN VIRGINIA BEACH CITY OWNED PUBLIC GARDEN/WALK DEDICATED TO THIS PURPOSE. PROVIDE HISTORICAL THEMED PROGRAMMING FOR VISITORS TO THE CITY OF VIRGINIA BEACH AND THE COMMONWEALTH OF VIRGINIA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $40,500

Program Service Revenue $0

Investment Income $3

Other Revenue $2,563

TOTAL REVENUE $43,066

Expense Breakdown

Grants Paid $725

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $59,786

Other Expenses $59,221

TOTAL EXPENSES $59,946

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,066	$48,518	-0.1%
Expenses	$59,946	$33,086	+0.8%
Net Income	$-16,880	$15,432	-2.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT N MELATTI	DIRECTOR	3.00	Director	$0	$0	$0
GARY SPELL	DIRECTOR	1.00	Director	$0	$0	$0
DEREK LEONIDOFF	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$43,066	$59,946	$17,336	$-16,880
2022	$48,518	$33,086	$34,501	$15,432
2021	$-24,268	$2,585	$19,079	$-26,853
2020	$-6,082	$702	$45,982	$-6,784
2019	$79,623	$61,821	$49,445	$17,802

VIRGINIA LEGENDS WALK FOUNDATION