RVA SPORTS FOUNDATION INC

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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

2019

Legal Domicile

Principal Officer

ERIC GREGORY

Phone

8046445425

Tax Period

2024-01-01 to 2024-12-31

RVA SPORTS FOUNDATION INC, founded in 2019, is a community nonprofit in the Recreation & Sports sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $514K, a strong 37% operating margin.

Mission

RVA SPORTS FOUNDATION HAS A DUAL PURPOSE TO REHABILITATE AND REFURBISH AN AGING, STADIUM IN THE HEART OF RICHMOND, VIRGINIA (RVA) WHILE ALSO SERVING THE SPECIAL NEEDS SOCCER COMMUNITY BY RUNNING THE RVACCESS PROGRAM WHICH SERVES KIDS FROM AGES 5- 19.

Program Service Accomplishments

Program 1

Expenses: $851,548

THE MAIN FOCUS OF THE ORGANIZATION IS THE REVITALIZATION OF CITY STADIUM.

Program 2

Expenses: $1,474

TO FACILITATE DONOR ACTIVITIES THAT SUPPORT THE ORGANIZATION'S MISSION TO MAKE A DIFFERENCE IN A CHILD'S LIFE BY PROVIDING RVACCESS TO PLAYERS THROUGHOUT THE GREATER RICHMOND AREA.

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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 $514,825

Program Service Revenue $0

Investment Income $16

Other Revenue $860,926

TOTAL REVENUE $1,375,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $853,022

Other Expenses $862,037

TOTAL EXPENSES $862,037

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,375,767	$750,049	+0.8%
Expenses	$862,037	$1,030,202	-0.2%
Net Income	$513,730	$-280,153	-2.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC GREGORY	PRESIDENT & DIRECTOR	5.00	Officer Director	$0	$0	$0
SHEPHERD LEWIS	SECRETARY & DIRECTOR	5.00	Officer Director	$0	$0	$0
CHARLIE BLAIR	DIRECTOR	5.00	Director	$0	$0	$0
DAVID DEPIPPO	DIRECTOR	5.00	Director	$0	$0	$0
MOLLY MCCOMB	DIRECTOR	5.00	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	No data	No data	No data	No data
2024	$1,375,767	$862,037	$2,904,570	$513,730
2023	$750,049	$1,030,202	$2,892,780	$-280,153
2022	$1,069,729	$736,483	$1,856,734	$333,246
2021	$456,889	$390,392	$1,516,415	$66,497
2020	$109,195	$157,205	$1,460,212	$-48,010