VIRGINIA INSTITUTE OF MARINE SCIENCE FDN (EIN 542027915) - 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

BETTY BARRACK

Phone

8046847107

Tax Period

2024-07-01 to 2025-06-30

VIRGINIA INSTITUTE OF MARINE SCIENCE FDN, founded in 2000, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2017. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.1M, a strong 44% operating margin.

Mission

THE VIMS FOUNDATION ADVISES AND ASSISTS THE VIRGINIA INSTITUTE OF MARINE SCIENCE, PROMOTES PHILANTHROPY TO AND STEWARDS THE PHILANTHROPIC RESOURCES OF THE VIMS FOUNDATION, AND ITS MEMBERS ACT AS ALLIES AND AMBASSADORS TO POSITION VIMS AS THE PREEMINENT LEADER IN COASTAL AND ESTUARINE SCIENCE AND EDUCATION FOR VIRGINIA AND THE WORLD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,841,034

Program Service Revenue $0

Investment Income $-366,763

Other Revenue $0

TOTAL REVENUE $1,474,271

Expense Breakdown

Grants Paid $1,168,409

Salaries & Benefits $0

Fundraising Expenses $66,961

Program Expenses $1,168,409

Other Expenses $402,022

TOTAL EXPENSES $1,570,431

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,474,271	$1,973,835	-0.3%
Expenses	$1,570,431	$1,833,444	-0.1%
Net Income	$-96,160	$140,391	-1.7%

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
A MARSHALL ACUFF JR	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSHUA J BENNETT	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES A CARLETON	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN PAUL CAUSEY JR	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL J CARRON	BOARD MEMBER	2.00	Director	$0	$0	$0
LYNN M DILLON	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELA ENGLISH	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD J HILL	PRESIDENT	10.00	Officer Director	$0	$0	$0
ISAAC D IRBY	BOARD MEMBER	2.00	Director	$0	$0	$0
WAYNE K JOHNSON JR	BOARD MEMBER	2.00	Director	$0	$0	$0
WILLIAM KEITHLER	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD R LAFFERTY	TREASURER	10.00	Officer Director	$0	$0	$0
LIVINGSTON S MARSHALL JR	BOARD MEMBER	2.00	Director	$0	$0	$0
CORELL H MOORE	SECRETARY	4.00	Officer Director	$0	$0	$0
JEANETTE MCKITTRICK	BOARD MEMBER	2.00	Director	$0	$0	$0
C EVANS POSTON JR	BOARD MEMBER	2.00	Director	$0	$0	$0
CHARLES JOSEPH NATALE	VICE-PRESIDENT	4.00	Officer Director	$0	$0	$0
SAMUEL S PROCTOR	BOARD MEMBER	2.00	Director	$0	$0	$0
PETER J QUINN JR	BOARD MEMBER	2.00	Director	$0	$0	$0
RONALD B RISDON	BOARD MEMBER	2.00	Director	$0	$0	$0
ANNE G WALESKI	BOARD MEMBER	2.00	Director	$0	$0	$0
MARISE ROBBINS-FORBES	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$0
ELLEN LEVERICH	EXECUTIVE DIRECTOR	19.00	Officer Director	$0	$0	$0
D DEREK ADAY	DEAN & DIRECTOR	2.00	Officer Director	$0	$0	$0
BETTY BARRACK	DIRECTOR OF FINANCIAL OPS	2.00	Director	$0	$0	$0
LINDA RUDY	CHIEF FINANCIAL OFFICER FO	2.00	Director	$0	$0	$0
SIDNE PRESSEY	MANAGER, FINANCIAL OPERATI	16.00	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	$1,474,271	$1,570,431	$23,293,887	$-96,160
2024	No data	No data	No data	No data
2023	$1,978,461	$1,671,492	$20,006,018	$306,969
2022	$3,118,091	$1,437,816	$18,675,343	$1,680,275
2022	$3,118,091	$1,437,816	$18,675,343	$1,680,275
2021	$1,479,986	$1,113,949	$20,660,385	$366,037
2021	$1,479,986	$3,917,963	$20,660,385	$-2,437,977
2020	$2,523,471	$1,200,234	$21,931,083	$1,323,237
2019	$2,043,510	$1,197,101	$21,134,481	$846,409
2018	$2,490,891	$1,397,379	$20,295,218	$1,093,512

VIRGINIA INSTITUTE OF MARINE SCIENCE FDN