PENINSULA COMMUNITY FOUNDATION OF … - 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

2002

Legal Domicile

Principal Officer

ADELIA THOMPSON

Phone

7573270862

Tax Period

2024-01-01 to 2024-12-31

PENINSULA COMMUNITY FOUNDATION OF VIRGINIA INC, founded in 2002, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.5M in total revenue in fiscal year 2024. Expenses of $3.1M left a modest 10% surplus.

Mission

TO INSPIRE PHILANTHROPY BY OFFERING DONORS FLEXIBLE CHARITABLE FUND OPTIONS WITH A LONG-TERM GOAL OF BUILDING PERMANENT ENDOWMENT FUNDS PRIMARILY FOR THE BROAD-BASED CHARITABLE BENEFIT OF THE RESIDENTS OF THE PENINSULA.

Program Service Accomplishments

Program 1

Expenses: $2,445,256

THE FOUNDATION MAKES GRANTS TO NONPROFIT ORGANIZATIONS FROM UNRESTRICTED AND DONOR-ADVISED FUNDS PRIMARILY FOR THE BROAD-BASED CHARITABLE BENEFIT OF THE RESIDENTS OF THE VIRGINIA PENINSULA.

Program 2

Expenses: $131,703

THE FOUNDATION PROVIDED ASSISTANCE TO 48 INDIVIDUALS FOLLOWING A NATURAL OR CIVIL DISASTER OR SERIES OF SUDDEN OR UNEXPECTED EVENTS OR CIRCUMSTANCES BEYOND THE INDIVIDUALS'S REASONABLE CONTROL...

THE FOUNDATION PROVIDED ASSISTANCE TO 48 INDIVIDUALS FOLLOWING A NATURAL OR CIVIL DISASTER OR SERIES OF SUDDEN OR UNEXPECTED EVENTS OR CIRCUMSTANCES BEYOND THE INDIVIDUALS'S REASONABLE CONTROL THROUGH VARIOUS EMPLOYEE AND FAMILY RELIEF FUNDS.

Program 3

Expenses: $189,584

THE FOUNDATION PROVIDED COLLEGE SCHOLARSHIPS TO 213 STUDENTS THROUGH VARIOUS DONOR ADVISED FUNDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,096,809

Program Service Revenue $205,843

Investment Income $1,154,545

Other Revenue $0

TOTAL REVENUE $3,457,197

Expense Breakdown

Grants Paid $2,250,285

Salaries & Benefits $349,744

Fundraising Expenses $82,556

Program Expenses $2,766,543

Other Expenses $524,623

TOTAL EXPENSES $3,124,652

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,457,197	$3,631,159	0.0%
Expenses	$3,124,652	$2,832,937	+0.1%
Net Income	$332,545	$798,222	-0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL A MONTEITH	CEO/CFO	40.00	Officer Director	$0	$0	$0
RETIRED GENERAL WALLACE ARNOLD	DIRECTOR	0.38	Director	$0	$0	$0
ATTORNEY LAWRENCE G CUMMING	BOARD TREASU	0.38	Director	$0	$0	$0
JACK L EZZELL JR	DIRECTOR	0.38	Director	$0	$0	$0
RICK GALLAER	DIRECTOR	0.38	Director	$0	$0	$0
GORDON L GENTRY JR	DIRECTOR EME	0.38	Director	$0	$0	$0
GREGORY F LAWSON CPA ABV	BOARD PRESID	0.38	Director	$0	$0	$0
SHEILA S NOLL	BOARD SECRET	0.38	Director	$0	$0	$0
ATTORNEY DONALD N PATTEN	DIRECTOR	0.38	Director	$0	$0	$0
RICHARD J PEARCE	DIRECTOR EME	0.38	Director	$0	$0	$0
NANCY PETTERS	DIRECTOR	0.38	Director	$0	$0	$0
ANNA VAN BUREN	DIRECTOR	0.38	Director	$0	$0	$0
JEFFREY D WASSMER	DIRECTOR	0.38	Director	$0	$0	$0
ALAN S WITT	DIRECTOR	0.38	Director	$0	$0	$0
CHRISTINE SNEAD	DIRECTOR	0.38	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
2024	$3,457,197	$3,124,652	$18,100,792	$332,545
2023	$3,631,159	$2,832,937	$16,946,280	$798,222
2022	$2,572,824	$2,744,440	$15,686,909	$-171,616
2021	$5,838,297	$2,667,722	$18,304,542	$3,170,575
2020	$2,561,934	$2,637,070	$15,219,323	$-75,136
2019	$3,845,542	$2,388,506	$14,025,890	$1,457,036
2018	$4,137,412	$3,091,739	$11,410,789	$1,045,673

PENINSULA COMMUNITY FOUNDATION OF VIRGINIA INC