Lucy Corr Foundation

EIN: 542010957 501(c)(3) Philanthropy & Grantmaking

Chesterfield, VA

Total Revenue
$371,628
Total Expenses
$227,308
Total Assets
$345,048
Net Assets
$338,616
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
VA
Principal Officer
Sarah Snead
Phone
8047481511
Tax Period
2022-01-01 to 2022-12-31

Lucy Corr Foundation, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $372K in total revenue in fiscal year 2022. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $144K, a strong 39% operating margin.

Mission

The Lucy Corr Foundation generates support for services and programs that enrich the lives of Lucy Corr Village residents, participants, and their families and helps to meet the emerging needs of seniors in the community.

Program Service Accomplishments

Program 1
Expenses: $145,483 Revenue: $8,890

The Lucy Corr Dental Clinic served 342 patients (of which 94 were residents of the Lucy Corr Village), performing 3,392 dental procedures in 2022. The Lucy Corr Dental Clinic not only serves Lucy...

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The Lucy Corr Dental Clinic served 342 patients (of which 94 were residents of the Lucy Corr Village), performing 3,392 dental procedures in 2022. The Lucy Corr Dental Clinic not only serves Lucy Corr Village residents, but also has expanded to partner with 40 different community geriatric programs providing services valued in the amount of $371,564. The clinic provides a denture fabrication system that provides dentures in a one-day visit. The clinic is a preceptor site for Virginia Commonwealth University School of Dentistry, ECPI, Forbis College, and Centura College. Dental, dental hygienist, and dental assisting students rotate through the clinic on a weekly basis. Accurate records are kept using state-of-the-art dental software.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $363,613
Program Service Revenue $8,890
Investment Income $-875
Other Revenue $0
TOTAL REVENUE $371,628

Expense Breakdown

Grants Paid $0
Salaries & Benefits $139,927
Fundraising Expenses $62,467
Program Expenses $145,483
Other Expenses $87,381
TOTAL EXPENSES $227,308

Year-over-Year Comparison

2022 2021 Change
Revenue $371,628 $191,169 +0.9%
Expenses $227,308 $227,041 +0.0%
Net Income $144,320 $-35,872 -5.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
10
Volunteers
12

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
5
$27,841
Total Directors
13
$27,841
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tammy Shackelford Prior Ex. Dir. 40.00
Officer Director
$27,841 $0 $27,841
Tracey Gendron Director 1.00
Director
$0 $0 $0
Hobart Harvey HCC Rep 1.00
Director
$0 $0 $0
Derrick Kendall Ex Officio 1.00
Director
$0 $0 $0
Brett Landi Prior Treas 1.00
Officer Director
$0 $0 $0
Pam Parsons PhD Vice Chair 1.00
Officer Director
$0 $0 $0
James Revere DDS Director 1.00
Director
$0 $0 $0
Cathy Saunders Director 1.00
Director
$0 $0 $0
David Saunders Director 1.00
Director
$0 $0 $0
Sarah Snead Chair 1.00
Officer Director
$0 $0 $0
Shirley Dean Tanner Director 1.00
Director
$0 $0 $0
Cherie Tew Director 1.00
Director
$0 $0 $0
Elizabeth Vaughan 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
2022 $371,628 $227,308 $345,048 $144,320
2021 $191,169 $227,041 $275,946 $-35,872
2020 $271,260 $266,422 $313,377 $4,838
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