HAMPTON ROADS COMMUNITY FOUNDATION (EIN 542035996) - 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

1950

Legal Domicile

Principal Officer

RICHARD MATTHEWS

Phone

7576227951

Tax Period

2024-01-01 to 2024-12-31

HAMPTON ROADS COMMUNITY FOUNDATION, founded in 1950, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $36.3M in total revenue in fiscal year 2018. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $15.6M, a strong 43% operating margin.

Mission

MAKE LIFE BETTER IN HAMPTON ROADS THROUGH LEADERSHIP, PHILANTHROPY, AND CIVIC ENGAGEMENT.

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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 $18,084,746

Program Service Revenue $0

Investment Income $1,880,457

Other Revenue $0

TOTAL REVENUE $19,965,203

Expense Breakdown

Grants Paid $34,219,164

Salaries & Benefits $2,874,131

Fundraising Expenses $1,181,315

Program Expenses $35,701,333

Other Expenses $1,517,317

TOTAL EXPENSES $38,610,612

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,965,203	$22,135,120	-0.1%
Expenses	$38,610,612	$30,843,147	+0.3%
Net Income	$-18,645,409	$-8,708,027	+1.1%

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

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

$631,203

Total Directors

$407,360

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LD BRITT MD	DIRECTOR	0.50	Director	$0	$0	$0
DEBORAH M DICROCE	PRESIDENT, SECRETARY & CEO	40.00	Officer Director	$385,907	$21,453	$407,360
FRANK BATTEN JR	DIRECTOR	0.50	Director	$0	$0	$0
DAWN S GLYNN	TREASURER	0.50	Officer Director	$0	$0	$0
SHARON S GOODWYN	DIRECTOR & CHAIR	0.50	Officer Director	$0	$0	$0
SUZANNE PURYEAR	DIRECTOR	0.50	Director	$0	$0	$0
HOWARD P KERN	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS R FRANTZ	DIRECTOR	0.50	Director	$0	$0	$0
MILES LEON	DIRECTOR	0.50	Director	$0	$0	$0
JOAN P BROCK	DIRECTOR	0.50	Director	$0	$0	$0
HON JERRAULD C JONES	DIRECTOR	0.50	Director	$0	$0	$0
LEMUEL R LEWIS	DIRECTOR	0.50	Director	$0	$0	$0
CYNTHIA C ROMERO MD	DIRECTOR	0.50	Director	$0	$0	$0
RONY THOMAS	DIRECTOR	0.50	Director	$0	$0	$0
JOHN O WYNNE JR	DIRECTOR & VICE CHAIR	0.50	Officer Director	$0	$0	$0
RICHARD MATTHEWS	CFO	40.00	Officer	$202,390	$21,453	$223,843
LINDA M RICE	VICE PRESIDENT OF GRANT MA	40.00	Highest	$213,260	$13,549	$226,809
KAY A STINE	VICE PRESIDENT OF DEVELOPM	40.00	Highest	$162,000	$10,528	$172,528
ROBIN FOREMAN-WHEELER	VICE PRESIDENT FOR ADMINIS	40.00	Highest	$162,000	$20,743	$182,743
VIVIAN M ODEN	VICE PRESIDENT FOR EQUITY	40.00	Highest	$147,000	$18,584	$165,584
LEIGH E DAVIS	VICE PRESIDENT FOR DONOR ENGAGEMENT	40.00	Highest	$147,000	$22,582	$169,582
LYNN WATSON NEUMANN	GENERAL COUNSEL	40.00	Highest	$131,411	$21,950	$153,361
MICHELLE WASHINGTON	VICE PRESIDENT FOR COMMUNICATIONS	40.00	Highest	$160,425	$11,256	$171,681

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	$19,965,203	$38,610,612	$524,072,439	$-18,645,409
2023	$22,135,120	$30,843,147	$499,976,716	$-8,708,027
2022	$18,227,576	$27,778,547	$481,292,886	$-9,550,971
2021	$50,177,292	$24,042,724	$530,909,320	$26,134,568
2020	$16,919,172	$27,254,317	$431,066,210	$-10,335,145
2019	$16,288,957	$22,722,702	$376,569,597	$-6,433,745
2018	$36,343,025	$20,707,807	$348,857,995	$15,635,218

HAMPTON ROADS COMMUNITY FOUNDATION