Cape Henry Collegiate School Stude… - 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

2000

Legal Domicile

Principal Officer

DR Christopher Garran

Phone

7574819478

Tax Period

2021-07-01 to 2022-06-30

Cape Henry Collegiate School Students' Assistance Foundation Inc, founded in 2000, is a micro nonprofit that reported $35K in total revenue in fiscal year 2021. Revenue fell 81% from the prior year — a significant decline worth monitoring.

Mission

THE PURPOSE OF THE CHCS STUDENTS' ASSISTANCE FOUNDATION IS TO PROVIDE NEED-BASED FINANCIAL AID TO IMPOVERISHED STUDENTS' ATTENDING CAPE HENRY COLLEGIATE SCHOOL. FUNDING FOR THE FOUNDATION IS DEPENDENT UPON DONATIONS AND UPON PROCEEDS RECEIVED FROM SPECIAL EVENTS CONDUCTED BY THE FOUNDATION. THE FOUNDATION'S UNRESTRICTED ASSETS PROVIDE FINANCIAL AID ONLY TO THOSE STUDENTS WHOSE FAMILIES MEET GUIDELINES ESTABLISHED BY THE COMMONWEALTH OF VIRGINIA RELATIVE TO THE POVERTY LEVEL.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $35,421

THE CAPE HENRY COLLEGIATE SCHOOL STUDENTS' ASSISTANCE FOUNDATION ENABLES THE SCHOOL TO CONTINUE TO BROADEN THE FINANCIAL AID PROGRAM THAT IS SO VITAL TO THE MISSION OF THE SCHOOL. IT ALLOWS THE...

THE CAPE HENRY COLLEGIATE SCHOOL STUDENTS' ASSISTANCE FOUNDATION ENABLES THE SCHOOL TO CONTINUE TO BROADEN THE FINANCIAL AID PROGRAM THAT IS SO VITAL TO THE MISSION OF THE SCHOOL. IT ALLOWS THE SCHOOL TO OFFER ECONOMICALLY DISADVANTAGED STUDENTS THE OPPORTUNITY TO DEVELOP ACADEMIC EXCELLENCE AND TO PARTICIPATE FULLY IN THE SCHOOL'S EXTRACURRICULAR ACTIVITIES (ATHLETICS, MUSIC, ETC).

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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 $35,421

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $35,421

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2021	2020	Change
Revenue	$35,421	$190,226	-0.8%
Expenses	N/A	N/A	N/A
Net Income	N/A	$190,226	N/A

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

$629,213

Total Directors

$468,991

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARRAN DR CHRISTOPHER	PRESIDENT	1.0	Officer Director	$0	$80,752	$468,991
XIE LING	CFO	1.0	Officer	$0	$24,309	$160,222
DUDLEY TRENT W	BOARD CHAIR	0.25	Officer Director	$0	$0	$0
DUNCAN SCOTT	BOARD VICE CHAIR	0.25	Officer Director	$0	$0	$0
KRAMER RONALD	BOARD VICE CHAIR	0.25	Officer Director	$0	$0	$0
HEWITT EDWARD	SECRETARY	0.25	Officer Director	$0	$0	$0
BUNN DEBRA	TREASURER/CHAIR FIN. COMMIT.	0.25	Officer Director	$0	$0	$0
ATHERTON III THOMAS H	TRUSTEE	0.25	Director	$0	$0	$0
PATRICK ZELDA	TRUSTEE	0.25	Director	$0	$0	$0
WHITMORE HOBIE	TRUSTEE	0.25	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
2022	$35,421	No data	$888,995	No data
2022	No data	No data	No data	No data
2021	$190,226	No data	$970,017	No data
2020	$60,990	$60,614	$777,548	$376
2019	$71,218	$71,000	$773,624	$218
2018	$94,305	$94,305	$832,495	No data

Cape Henry Collegiate School Students' Assistance Foundation Inc