VIRGINIA FORESTRY EDUCATIONAL FOUN… - 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

1958

Legal Domicile

Principal Officer

KEN MORGAN

Phone

8042788733

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA FORESTRY EDUCATIONAL FOUNDATION, founded in 1958, is a small nonprofit that reported $859K in total revenue in fiscal year 2024. Revenue surged 146% from the prior year, signaling strong growth momentum. The organization ran a surplus of $425K, a strong 49% operating margin.

Mission

PROVIDE PERMANENT FINANCIAL SUPPORT FOR THE CHARITABLE, EDUCATIONAL AND RESEARCH ACTIVITIES OF THE VIRGINIA FORESTRY AND FOREST PRODUCT COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $192,217

STUDENT SCHOLARSHIPS - VIRGINIA FORESTRY EDUCATIONAL FOUNDATION (VFEF) CONTRIBUTES BOARD APPROVED FUNDS TO VIRGINIA TECH'S FORESTRY SCHOOL AND RELIES ON THE SCHOOL'S JUDGEMENT AS TO WHO SHOULD...

STUDENT SCHOLARSHIPS - VIRGINIA FORESTRY EDUCATIONAL FOUNDATION (VFEF) CONTRIBUTES BOARD APPROVED FUNDS TO VIRGINIA TECH'S FORESTRY SCHOOL AND RELIES ON THE SCHOOL'S JUDGEMENT AS TO WHO SHOULD RECEIVE THE INDIVIDUAL SCHOLARSHIPS. VIRGINIA TECH SENDS A LIST OF RECIPIENTS TO VFEF TO SUPPORT THE SCHOLARSHIP DISBURSEMENT.

Program 2

Expenses: $129,012

SPECIAL EDUCATIONAL PROJECTS - REPRESENTS VARIOUS PRIZES AND AWARDS GIVEN TO 4-H, INTERNET WOODY PLANTS AND YOUTH EDUCATION, TEACHERS TOURS SE VIRGINIA, AND HOLIDAY LAKE FORESTRY CAMP FOR ACTIVITIES. THESE GROUPS SPONSOR ACTIVITIES RELATING TO THE FORESTRY INDUSTRY, CONSERVATION, SERVICES TO EDUCATE YOUTH ABOUT THE IMPORTANCE OF ENVIRONMENTAL AND FOREST PRODUCTS, AND OTHER RELATED EXPENSES.

Program 3

Expenses: $16,000

PROJECT LEARNING TREE - A PROJECT UNDERTAKEN FOR THE PURPOSE OF CONDUCTING TRAINING WORKSHOPS FOR SCHOOL TEACHERS AND FOR PROVIDING FORESTRY EDUCATIONAL MATERIALS TO SCHOOLS IN VIRGINIA.

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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 $80,013

Program Service Revenue $0

Investment Income $779,139

Other Revenue $0

TOTAL REVENUE $859,152

Expense Breakdown

Grants Paid $326,251

Salaries & Benefits $0

Fundraising Expenses $4,433

Program Expenses $341,862

Other Expenses $107,896

TOTAL EXPENSES $434,147

Year-over-Year Comparison

	2024	2023	Change
Revenue	$859,152	$349,442	+1.5%
Expenses	$434,147	$397,547	+0.1%
Net Income	$425,005	$-48,105	-9.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAVAN DAUBERMAN	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
MATT DOWDY	DIRECTOR	2.00	Director	$0	$0	$0
PALMER DUGGER	DIRECTOR	2.00	Director	$0	$0	$0
BRAD FULLER	SECRETARY	2.00	Officer Director	$0	$0	$0
MIKE HINCHER	DIRECTOR	2.00	Director	$0	$0	$0
BETH HUTCHINS	TREASURER	2.00	Director	$0	$0	$0
E GLEN WORRELL JR	DIRECTOR	2.00	Director	$0	$0	$0
REASTON LOVING	DIRECTOR	2.00	Director	$0	$0	$0
KEN MORGAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
CAROLYN MULLIGAN	DIRECTOR	2.00	Director	$0	$0	$0
DR JAY SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
JAMES YOUNGBLOOD	DIRECTOR	2.00	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
2024	$859,152	$434,147	$10,395,744	$425,005
2023	$349,442	$397,547	$9,008,611	$-48,105
2022	$331,671	$327,801	$7,927,370	$3,870
2021	$500,725	$250,190	$9,384,971	$250,535
2020	$355,532	$270,756	$7,879,473	$84,776
2019	$977,941	$237,061	$7,047,602	$740,880
2018	$320,155	$194,867	$5,581,439	$125,288

VIRGINIA FORESTRY EDUCATIONAL FOUNDATION