MILLER AGRICULTURAL FUND

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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

1869

Legal Domicile

Principal Officer

FREDERICK L WATSON JR

Phone

4342953198

Tax Period

2023-01-01 to 2023-12-31

MILLER AGRICULTURAL FUND, founded in 1869, is a small nonprofit that reported $149K in total revenue in fiscal year 2023. Revenue surged 132% from the prior year, signaling strong growth momentum. The organization ran a surplus of $129K, a strong 86% operating margin.

Mission

THE FUND IS A TRUST ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE UNIVERSITY OF VIRGINIA, THE DEPARTMENT OF BIOLOGY AND THEIR EDUCATIONAL PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $850

THE FUND WAS ESTABLISHED FOR THE BETTERMENT OF THE UNIVERSITY OF VIRGINIA DEPARTMENT OF BIOLOGY AND IT PROVIDES FOR THE MAINTENANCE AND SUPPORT OF THE DEPARTMENT AND OTHER AGRICULTURAL EDUCATIONAL...

THE FUND WAS ESTABLISHED FOR THE BETTERMENT OF THE UNIVERSITY OF VIRGINIA DEPARTMENT OF BIOLOGY AND IT PROVIDES FOR THE MAINTENANCE AND SUPPORT OF THE DEPARTMENT AND OTHER AGRICULTURAL EDUCATIONAL PROGRAMS OF THE UNIVERSITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $149,438

Other Revenue $0

TOTAL REVENUE $149,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $850

Other Expenses $20,929

TOTAL EXPENSES $20,929

Year-over-Year Comparison

	2023	2022	Change
Revenue	$149,438	$64,421	+1.3%
Expenses	$20,929	$21,387	0.0%
Net Income	$128,509	$43,034	+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

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
KATHRYN CARR	DIRECTOR	N/A	Director	$0	$0	$0
PATI HADEN CUNNINGHAM	SECRETARY	N/A	Officer Director	$0	$0	$0
GEORGE C PALMER III	DIRECTOR	N/A	Director	$0	$0	$0
FREDERIC W SCOTT JR	DIRECTOR	N/A	Director	$0	$0	$0
FREDERICK L WATSON JR	PRESIDENT	N/A	Officer Director	$0	$0	$0
CHRISTOPHER MCLEAN	TREASURER	N/A	Director	$0	$0	$0
EDWARD D TAYLOE	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$149,438	$20,929	$2,017,026	$128,509
2022	$64,421	$21,387	$1,639,758	$43,034
2021	$75,817	$15,562	$2,015,761	$60,255
2020	$39,438	$16,380	$1,636,982	$23,058
2019	$56,575	$17,553	$1,483,213	$39,022
2018	$63,752	$15,405	$1,146,939	$48,347