THE ELIZABETH RIVER TRAIL FOUNDATI… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

CHRISTINE NEIKIRK

Phone

7576811405

Tax Period

2024-07-01 to 2025-06-30

THE ELIZABETH RIVER TRAIL FOUNDATION, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $410K in total revenue in fiscal year 2024. Net assets of $2.3M represent 66 months of operating reserves.

Mission

ORGANIZATION'S MISSION THROUGH THE MASTER PLANNING, PROGRAMMING AND ADVOCACY OF THIS URBAN WATERFRONT TRAIL, WE ARE ABLE TO PROVIDE MULTI-MODEL ACCESS TO OUR HISTORIC WORKING WATERFRONT, CONNECT 28 COMMUNITIES ALONG 10.5 MILES AND SERVE AS A SAFE PLACE TO RECREATE AND RESTORE GREEN SPACE IN AN URBAN SETTING, WORKING TO CONNECT NAVAL STATION NORFOLK TO THE VIRGINIA BEACH TRAIL.

Program Service Accomplishments

Program 1

Expenses: $348,350

THE ELIZABETH RIVER TRAIL (ERT) FOUNDATION OFFERS OVER 100 OPPORTUNITIES EACH YEAR TO BETTER THE QUALITY OF LIFE FOR RESIDENTS AND VISITORS. THROUGH FREE PUBLIC RECREATIONAL AND EDUCATIONAL...

THE ELIZABETH RIVER TRAIL (ERT) FOUNDATION OFFERS OVER 100 OPPORTUNITIES EACH YEAR TO BETTER THE QUALITY OF LIFE FOR RESIDENTS AND VISITORS. THROUGH FREE PUBLIC RECREATIONAL AND EDUCATIONAL PROGRAMMING, INCLUDING NATURE FOR ALL PROGRAMS, TRAILWELL HOLISTIC OUTDOOR LITERACY, AND EXTENSIVE TRAIL BEAUTIFICATION, SURFACE WIDENING, MAINTENANCE, AND INSTALLATION OF , AMENITIES, GARDENS AND TREES FOR PUBLIC USAGE DESIGNED TO ACTIVATE AND ENHANCE THE ELIZABETH RIVER TRAIL IN NORFOLK, VA. FIVE DIGITAL TRAIL COUNTERS ACCURATELY RECORD TRAIL USAGE AT 696,800 USERS PER YEAR. IN AUGUST 2024 THE ERT HOSTED THE FIRST COMMUNITY OLYMPICS ACTIVATING THREE PUBLIC PARKS AND 6 MILES OF TRAIL, IN NOVEMBER THE JEFF ROBERTSON PARK TRAILHEAD SHELTER WAS INSTALLED; A PARTNERSHIP WITH TIDEWATER TECH SKILLED-TRADE STUDENTS, IN APRIL 2025 THE LAMBERT'S POINT TRAILHEAD SHELTER WAS INSTALLED, THE FIRST TO INCLUDE LIGHTING, THIS RIBBON CUTTING CULMINATED A SEMESTER'S LONG PROJECT WITH OLD DOMINION UNIVERSITY PARKS, REC AND TOURISM STUDIES STUDENTS ON OUTDOOR PROGRAMMING. IN JUNE, THE ERT WAS DESIGNATED A NATIONAL RECREATION TRAIL BY THE DEPARTMENT OF INTERIOR/NATIONAL PARK SERVICE. NAMED THRIVE YOUNG PROFESSIONAL'S ORGANIZATION OF THE YEAR AND AWARDED HAMPTON ROADS CHAMBER'S NONPROFIT OF THE YEAR.

Program 2

IN PARTNERSHIP WITH OVER 90 COMMUNITY PARTNERS WE HAVE BEEN ABLE TO REACH 3,425 EVENT PARTICIPANTS AND PROVIDED 106 FREE EVENTS ON THE TRAIL FOR THE PUBLIC. ENCOMPASSING 2,499 VOLUNTEER HOURS AND...

IN PARTNERSHIP WITH OVER 90 COMMUNITY PARTNERS WE HAVE BEEN ABLE TO REACH 3,425 EVENT PARTICIPANTS AND PROVIDED 106 FREE EVENTS ON THE TRAIL FOR THE PUBLIC. ENCOMPASSING 2,499 VOLUNTEER HOURS AND REMOVING 5,406 POUNDS OF LITTER. WE PLANTED TWENTY TREES AND 150 PLANTS ADDING A POLLINATOR GARDEN AND NATIVE PLANTS TO ENHANCE OUR MANAGED MEADOW CONTINUING THE MAINTENANCE OF SEVEN PUBLIC GREEN SPACES.

Program 3

THE ECO-COUNTERS MULTI SYSTEM HAS BEEN INSTALLED AT SPECIFIC LOCATIONS ALONG THE ELIZABETH RIVER TRAIL AND ELSEWHERE ON NORFOLK'S BIKE NETWORK TO ACCURATELY COUNT PEDESTRIAN AND CYCLIST USE ALONG THE TRAIL AND BIKE NETWORK. THE SYSTEM ALLOWS FOR THE ANALYSIS OF DATA FROM MULTIPLE USER TYPES OVER TIME. THIS SYSTEM COMBINES THE PASSIVE INFRARED SENSOR AND AN INDUCTIVE LOOP SENSOR. AN INTELLIGENT SUBSYSTEM ANALYZES THE SIGNAL FROM BOTH SENSORS IN ORDER TO COUNT AND CLASSIFY EACH USER. THE ORGANIZATION ALSO HAS ENGAGED IN A NUMBER OF PROJECTS WHICH HAVE ENHANCED THE EXPERIENCE OF USING THE TRAIL. COST OF ENHANCEMENTS NOT DONATED BACK TO THE CITY ARE INCLUDED IN FIXED ASSETS AND DEPRECIATED OVER THE USEFUL LIFE OF THE ASSET. COST OF ENHANCEMENTS CURRENTLY UNDER CONSTRUCTION ARE INCLUDED IN CONSTRUCTION IN PROGRESS. SOME ENHANCEMENTS INCLUDE, BUT ARE NOT LIMITED TO, PLAYGROUND EQUIPMENT, TRAILHEAD AND WAYFINDING SIGNAGE, BIKE REPAIR STATIONS, TRASH CANS AND MANY OTHER AMENITIES.

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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 $364,847

Program Service Revenue $0

Investment Income $45,400

Other Revenue $0

TOTAL REVENUE $410,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,670

Fundraising Expenses $25,709

Program Expenses $348,350

Other Expenses $264,695

TOTAL EXPENSES $437,365

Year-over-Year Comparison

	2024	2023	Change
Revenue	$410,247	$402,277	+0.0%
Expenses	$437,365	$525,374	-0.2%
Net Income	$-27,118	$-123,097	-0.8%

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

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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

1517

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
CHRISTINE NEIKIRK	CHAIR	5.00	Officer Director	$0	$0	$0
MEL PRICE	VICE CHAIR	5.00	Officer Director	$0	$0	$0
ANN STOKES	SECRETARY	5.00	Officer Director	$0	$0	$0
JADE EDWARDS	TREASURER	5.00	Officer Director	$0	$0	$0
TIM FAULKNER	DIRECTOR	1.00	Director	$0	$0	$0
BARRY BISHOP	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GARRETT	DIRECTOR	1.00	Officer Director	$0	$0	$0
JACKIE GLASS	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL MCCALL	DIRECTOR	1.00	Officer Director	$0	$0	$0
PETER OBERLE	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS UITERWYK	DIRECTOR	1.00	Director	$0	$0	$0
MELODY WEBB	DIRECTOR	1.00	Director	$0	$0	$0
DR THERESA WHIBLEY	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA BENESH	DIRECTOR	1.00	Director	$0	$0	$0
GIOVANNA GENARD	DIRECTOR	1.00	Director	$0	$0	$0
DESTINI HARRELL	DIRECTOR	1.00	Director	$0	$0	$0
DR MICHAEL HOOPER	DIRECTOR	1.00	Director	$0	$0	$0
TRISTA POPE	DIRECTOR	1.00	Director	$0	$0	$0
BRYANT THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
SARAH JANE KIRKLAND	DIRECTOR	1.00	Director	$0	$0	$0
JASON DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
DR VELEKA GATLING	DIRECTOR	1.00	Director	$0	$0	$0
JAY GRANT	DIRECTOR	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
2025	$410,247	$437,365	$2,363,881	$-27,118
2024	$397,277	$349,155	$2,289,356	$48,122
2023	$298,980	$252,238	$2,242,157	$46,742
2022	$111,213	$226,147	$2,195,149	$-114,934
2021	$98,241	$1,055,297	$2,334,459	$-957,056
2020	$187,257	$128,625	$3,602,713	$58,632
2019	$1,218,956	$109,460	$3,528,977	$1,109,496

THE ELIZABETH RIVER TRAIL FOUNDATION