VIRTUAL PROPERTIES (EIN 812781882) - 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

2016

Legal Domicile

Principal Officer

Jeffrey Bartlett

Phone

6515237170

Tax Period

2024-07-01 to 2025-06-30

VIRTUAL PROPERTIES, founded in 2016, is a small nonprofit in the Education sector that reported $559K in total revenue in fiscal year 2024. Expenses of $962K exceeded revenue, resulting in a 72% operating deficit.

Mission

To provide an educational facility for a tax exempt charter school to rent or lease.

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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 $0

Program Service Revenue $512,115

Investment Income $47,004

Other Revenue $0

TOTAL REVENUE $559,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $961,772

Other Expenses $961,772

TOTAL EXPENSES $961,772

Year-over-Year Comparison

	2024	2023	Change
Revenue	$559,119	$524,510	+0.1%
Expenses	$961,772	$562,816	+0.7%
Net Income	$-402,653	$-38,306	+9.5%

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

$49,625

Total Directors

$49,625

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeffrey Bartleet	Board Chair	2	Officer Director	$0	$5,906	$48,516
Beth Samy	Secretary	2	Officer Director	$0	$89	$1,109
Phyllis Kapetanakis	Treasurer	2	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
2025	$559,119	$961,772	$6,679,795	$-402,653
2024	No data	No data	No data	No data
2023	$521,635	$205,182	$7,034,719	$316,453
2022	No data	$666,762	$6,700,854	No data
2021	No data	No data	$150	No data
2020	No data	No data	$150	No data
2019	No data	No data	$150	No data
2018	No data	No data	$150	No data

VIRTUAL PROPERTIES