THE ELIZABETH RIVER TRAIL FOUNDATION (EIN 814431199) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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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

ELIZABETH RIVER TRAIL FOUNDATION, founded in 2016, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2018. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.1M, a strong 91% operating margin.

Mission

CREATE AN INCLUSIVE AND RESILIENT URBAN RIVERFRONT TRAIL THAT CONNECTS AND INSPIRES PEOPLE AND BUSINESSES IN THE REGION. THE ERT FOUNDATION PROVIDES THE PLANNING, FUNDRAISING, PROGRAMMING AND MARKETING TO GENERATE PUBLIC SUPPORT FOR A HEALTHY AND DYNAMIC REGIONAL TRAIL, IN SERVICE OF OUR VISION TO BUILD A TRAIL AS DIVERSE AND VIBRANT AS THE LAND IT SITS ON, THE RIVER IT FOLLOWS, AND THE COMMUNITY IT SERVES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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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

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

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