PORTSMOUTH PARTNERSHIP INC (EIN 546059292) - 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

1983

Legal Domicile

Principal Officer

MICHELLE WREN

Phone

7573978473

Tax Period

2025-01-01 to 2025-12-31

PORTSMOUTH PARTNERSHIP INC, founded in 1983, is a small nonprofit that reported $107K in total revenue in fiscal year 2018. Revenue decreased 9% compared to the prior year. Expenses of $118K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO STIMULATE INTEREST IN THE INDUSTRIAL AND ECONOMIC DEVELOPMENT OF THE CITY OF PORTSMOUTH, VIRGINIA. TO ASSIST, IMPROVE AND DEVELOP EXISTING INDUSTRIES AND TO ASSIST PROSPECTIVE INDUSTRIES' ACQUISITION OF LAND AND BUILDINGS FOR THEIR OPERATION WITHIN THE CITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $213,201

Program Service Revenue $467,605

Investment Income $93,531

Other Revenue $100

TOTAL REVENUE $774,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $645,397

TOTAL EXPENSES $645,397

Year-over-Year Comparison

	2025	2024	Change
Revenue	$774,437	$682,928	+0.1%
Expenses	$645,397	$809,609	-0.2%
Net Income	$129,040	$-126,681	-2.0%

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
MAX GREENHOOD	PRESIDENT	3.00	Officer Director	$0	$0	$0
FRED J PASQUINE	FIRST VICE P	2.00	Officer Director	$0	$0	$0
HOPE R SINCLAIR PHD	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRIS SHELTON	TREASURER	2.00	Officer Director	$0	$0	$0
MICHELLE WREN	EXECUTIVE DI	30.00	Officer Director	$0	$0	$0
JAMES BENTO	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
JOSEPH D BOVEE	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
CARLEY E BRIERRE	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
DR VALERIE BURGE-HALL	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
B ROSS CHERRY	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
CAMILLE CHERRY	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
DONALD W COMER JR	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
THOMAS CROSS	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
JAMES K CULLEN	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
JOSEPH M DONNELLY	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
BLAIR DURHAM	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
TIM FOLEY	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
MARK FRIGELJ	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
DR JOHNNY J GARCIA	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
DR STEPHEN GENTHNER	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
JAY GRANT	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
HERBERT A HANEMAN	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
LAURA W HANSON JD	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
STEPHEN E HERETICK	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
DAVID HOST JR	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
C BRADFORD HUNTER	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
RYAN C KENRICK	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
SHANE KNISLEY	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
STEPHEN J KORVING	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
ASHTON LEWIS JR	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
JUSTIN C LOVELL	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
SENATOR L LOUISE LUCAS	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
CURTIS C LYONS	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
STAN MAGANN JR	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
ROSS MORGAN	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
CANNON MOSS	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
PEGGY W MURPHY	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
JOHN PAUL	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
CHRISTINE N PIERSALL	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
MELISSA RAMSEY	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
DR ANGELA RIDDIX	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
CAMERON ROBINETT	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
KENDRA ROBINSON	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
JOEL RUBIN	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
ROBIN SCHMALBACH	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
WILLIAM J SMITH	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
WILLIAM TAYLOR	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
MATTHEW TUTTLE	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
ROB WILBER	TRUSTEE/DIRE	1.00	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	$774,437	$645,397	$1,296,451	$129,040
2024	$682,928	$809,609	$1,080,047	$-126,681
2023	$428,381	$394,913	$1,421,174	$33,468
2022	$353,707	$354,873	$1,432,733	$-1,166
2021	$258,350	$266,171	$1,209,704	$-7,821
2020	$131,736	$354,690	$1,176,599	$-222,954
2019	$128,920	$120,176	$1,462,473	$8,744
2018	$106,605	$118,199	$1,355,109	$-11,594

PORTSMOUTH PARTNERSHIP INC