THE VIRTUE FOUNDATION (EIN 562289262) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

JOSEPH SALIM DMD

Phone

2123552227

Tax Period

2024-01-01 to 2024-12-31

THE VIRTUE FOUNDATION, founded in 2002, is a small nonprofit in the Public & Societal Benefit sector that reported $895K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $372K, a strong 42% operating margin.

Mission

VIRTUE FOUNDATION'S MISSION IS TO INCREASE AWARENESS, INSPIRE ACTION, AND RENDER ASSISTANCE THROUGH INITIATIVES ON HEALTHCARE, EDUCATION, AND WOMEN AND JUSTICE PROGRAMS, AS WELL AS INNOVATIVE WORK IN RESEARCH AND ANALYTICS.

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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 $675,014

Program Service Revenue $0

Investment Income $220,128

Other Revenue $0

TOTAL REVENUE $895,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,910

Fundraising Expenses $0

Program Expenses $410,240

Other Expenses $408,484

TOTAL EXPENSES $523,394

Year-over-Year Comparison

	2024	2023	Change
Revenue	$895,142	$801,905	+0.1%
Expenses	$523,394	$478,149	+0.1%
Net Income	$371,748	$323,756	+0.1%

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

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
SHAHPARI NAZERI DDS	TREASURER/SE	N/A	Officer Director	$0	$0	$0
JOSEPH SALIM DMD	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
JOAN LAROVERE MD	PRESIDENT	N/A	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	$895,142	$523,394	$5,605,866	$371,748
2023	$801,905	$478,149	$4,198,510	$323,756
2022	$-344,609	$568,926	$2,861,585	$-913,535
2021	$2,108,321	$499,677	$5,191,328	$1,608,644
2020	$767,065	$360,045	$5,212,869	$407,020
2019	$523,244	$493,235	$3,197,983	$30,009
2018	$860,906	$408,811	$2,728,543	$452,095

THE VIRTUE FOUNDATION