PETERSBURG, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VIRGINIA STATE UNIVERSITY FOUNDATION, founded in 1968, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $1.2M, a strong 25% operating margin.
TO SUPPORT THE MISSION OF VIRGINIA STATE UNIVERSITY BY RECEIVING, MANAGING AND DISTRIBUTING DONATIONS AND CONTRIBUTIONS THAT AID IN THE ENHANCEMENT AND GROWTH OF THE UNIVERSITY.
SCHOLARSHIPS AND AWARDS TO STUDENTS. 296 SCHOLARSHIPS WERE AWARDED DURING THE YEAR.
PROGRAM SUPPORT SERVICES
SUPPORT OF ATHLETIC PROGRAMS
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $4,611,259 | $5,186,926 | -0.1% |
| Expenses | $3,442,992 | $2,734,753 | +0.3% |
| Net Income | $1,168,267 | $2,452,173 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BEVERLY EVERSON-JONES | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| DANTE JACKSON | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| CLIFF TAYLOR | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| STEVEN HICKS | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MARIO M WHITE | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| WILBERT J BRIGGS SR | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| BRENDA STITH-FINCH | CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| FRASIER W BRICKHOUSE II | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| IRENE F LOGAN | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN DAVENPORT | VSU VP ADMIN & FINANCE | 2.00 |
Director
|
$0 | $100,480 | $339,483 |
| HAROLD GREEN | VSU BOARD OF VISITORS | 2.00 |
Director
|
$0 | $0 | $0 |
| VALARIE A JONES | VICE-CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| EARNEST A BAZEMORE | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| NARDOS E KING | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| CLAUDE A WOOD | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| ANGEL CLARKE | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| TONYA S HALL | VSU VP FOR EXTERNAL AFFAIR | 2.00 |
Director
|
$0 | $48,512 | $244,996 |
| KARA C KING BESS | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| DANIELLE JONES | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| LAURIE CARPENTER | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| ROBERT L TURNER JR | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$55,000 | $0 | $55,000 |
| MAKOLA M ABDULLAH | PRESIDENT EX-OFFICIO | 2.00 |
Officer
|
$0 | $94,175 | $550,608 |
| HARRISON BONNER III | DIRECTOR OF FINANCE & ACCO | 40.00 |
Officer
|
$50,000 | $0 | $50,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $4,611,259 | $3,442,992 | $39,494,458 | $1,168,267 |
| 2023 | $5,186,926 | $2,734,753 | $36,672,974 | $2,452,173 |
| 2022 | $4,393,072 | $1,889,084 | $28,931,771 | $2,503,988 |
| 2021 | $5,931,802 | $1,458,999 | $26,802,449 | $4,472,803 |
| 2020 | $1,444,442 | $1,514,693 | $19,798,914 | $-70,251 |
| 2019 | $2,300,501 | $1,891,520 | $19,549,786 | $408,981 |
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