PATRICK HENRY COLLEGE FOUNDATION (EIN 542031700) - 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

2001

Legal Domicile

Principal Officer

N DARYL WOLKING

Phone

5404418000

Tax Period

2024-07-01 to 2025-06-30

PATRICK HENRY COLLEGE FOUNDATION, founded in 2001, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $202K in total revenue in fiscal year 2019. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $180K, a strong 89% operating margin.

Mission

509(A)(3) SUPPORTING ORGANIZATION FOR A 501(C)(3) CHARITY

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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 $3,550,196

Program Service Revenue $0

Investment Income $118,445

Other Revenue $0

TOTAL REVENUE $3,668,641

Expense Breakdown

Grants Paid $55,833

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $55,833

Other Expenses $2,625

TOTAL EXPENSES $58,458

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,668,641	$443,478	+7.3%
Expenses	$58,458	$35,904	+0.6%
Net Income	$3,610,183	$407,574	+7.9%

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

$652,399

Total Directors

$315,725

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J VICTOR THOMPSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JACK HAYE	PRESIDENT	1.00	Officer Director	$0	$28,448	$315,725
GEORGE CLAY IV	DIRECTOR	1.00	Director	$0	$0	$0
WILL GLASER	DIRECTOR	1.00	Director	$0	$0	$0
KIRK ELLIOTT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN URBAN	DIRECTOR	1.00	Director	$0	$0	$0
OSCAR WALKER	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS HUNGAR	DIRECTOR	1.00	Director	$0	$0	$0
TERRY BLAKEMORE	DIRECTOR	1.00	Director	$0	$0	$0
KELSEY MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL O'DAY	DIRECTOR	1.00	Director	$0	$0	$0
N DARYL WOLKING	TREASURER	1.00	Officer	$0	$28,316	$179,097
RODNEY SHOWALTER	SECRETARY	1.00	Officer	$0	$31,838	$157,577

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	$3,668,641	$58,458	$7,060,905	$3,610,183
2024	$443,478	$35,904	$3,314,830	$407,574
2023	$404,530	$27,061	$2,833,121	$377,469
2022	$242,761	$32,112	$2,474,692	$210,649
2021	$201,587	$30,816	$2,482,976	$170,771
2020	$201,684	$21,879	$2,174,007	$179,805

PATRICK HENRY COLLEGE FOUNDATION