COMMUNITY FOUNDATION OF THE VIRGINIAS INC

EIN: 550724623 501(c)(3) Philanthropy & Grantmaking

BLUEFIELD, WV

Total Revenue
$1,234,075
Total Expenses
$1,130,828
Total Assets
$15,447,561
Net Assets
$15,446,863
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
WV
Principal Officer
JAMES SHOTT
Phone
3043240222
Tax Period
2024-01-01 to 2024-12-31

COMMUNITY FOUNDATION OF THE VIRGINIAS INC, founded in 1993, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 8% surplus.

Mission

TO PROMOTE PHILANTHROPY BY FOSTERING CHARITABLE GIVING, SERVING OUR DONORS' INTERESTS, AND EFFECTIVELY RESPONDING TO OUR COMMUNITIES' NEEDS AND OPPORTUNITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $708,919
Program Service Revenue $0
Investment Income $522,436
Other Revenue $2,720
TOTAL REVENUE $1,234,075

Expense Breakdown

Grants Paid $936,670
Salaries & Benefits $63,081
Fundraising Expenses $1,623
Program Expenses $947,065
Other Expenses $131,077
TOTAL EXPENSES $1,130,828

Year-over-Year Comparison

2024 2023 Change
Revenue $1,234,075 $867,621 +0.4%
Expenses $1,130,828 $1,167,069 0.0%
Net Income $103,247 $-299,448 -1.3%
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

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Governance

Voting Members
23
Independent Members
23
Employees
2
Volunteers
7

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
2
$0
Total Directors
24
$58,708
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY JO BABBITT SECRETARY 1.00
Director
$0 $0 $0
MARY AZZO BOARD MEMBER 1.00
Director
$0 $0 $0
JACK ASBURY BOARD MEMBER 1.00
Director
$0 $0 $0
KATHLEEN BLAYDES BOARD MEMBER 1.00
Director
$0 $0 $0
GENE BAILEY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CRAIG HAMMOND BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE JOHNSON PRESIDENT 1.00
Officer Director
$0 $0 $0
DORIS SUE KANTOR BOARD MEMBER 1.00
Director
$0 $0 $0
RICK KENDRICK BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES SHOTT EXECUTIVE DIRECTOR 20.00
Director
$20,000 $0 $20,000
SAM HILL BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL WELLS BOARD MEMBER 1.00
Director
$0 $0 $0
DAN SHORTRIDGE BOARD MEMBER 1.00
Director
$0 $0 $0
TOM CHAFFINS BOARD MEMBER 1.00
Director
$0 $0 $0
STACEY HICKS BOARD MEMBER 1.00
Director
$0 $0 $0
DEBORAH GARTON BOARD MEMBER 1.00
Director
$0 $0 $0
REBEKAH RITTER ASSISTANT 1.00
Director
$38,708 $0 $38,708
CATHY PAYNE BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE SWATTS BOARD MEMBER 1.00
Director
$0 $0 $0
PETER TAYLOR BOARD MEMBER 1.00
Director
$0 $0 $0
MELINDA TESTERMAN TREASURER 1.00
Director
$0 $0 $0
MAGGIE ASBURY BOARD MEMBER 1.00
Director
$0 $0 $0
CAROL COFER BOARD MEMBER 1.00
Director
$0 $0 $0
KATHY SHOTT BOARD MEMBER 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
2024 $1,234,075 $1,130,828 $15,447,561 $103,247
2023 $867,621 $1,167,069 $14,082,126 $-299,448
2022 $615,581 $920,418 $13,049,544 $-304,837
2021 $1,574,049 $890,438 $15,774,825 $683,611
2020 $1,116,522 $800,677 $13,856,024 $315,845
2019 $1,656,226 $448,347 $12,373,585 $1,207,879
2018 $3,002,276 $463,282 $10,259,869 $2,538,994
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