HAMPTON ROADS CLASSICAL

EIN: 842417020 501(c)(3)

SMITHFIELD, VA

Total Revenue
$169,392
Total Expenses
$291,115
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
VA
Principal Officer
PHILLIP GIST
Phone
7575423901
Tax Period
2024-07-01 to 2025-06-30

HAMPTON ROADS CLASSICAL, founded in 2019, is a small nonprofit that reported $209K in total revenue in fiscal year 2020. The organization ran a surplus of $64K, a strong 31% operating margin.

Mission

INDEPENDENT K-12 ACADEMIC INSTITUTION

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $160,571
Program Service Revenue $102,300
Investment Income $-93,482
Other Revenue $3
TOTAL REVENUE $169,392

Expense Breakdown

Grants Paid $0
Salaries & Benefits $170,170
Fundraising Expenses $0
Program Expenses $261,269
Other Expenses $120,945
TOTAL EXPENSES $291,115

Year-over-Year Comparison

2024 2023 Change
Revenue $169,392 $246,776 -0.3%
Expenses $291,115 $270,233 +0.1%
Net Income $-121,723 $-23,457 +4.2%
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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Governance

Voting Members
2
Independent Members
3
Employees
8
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
3
$28,460
Total Directors
2
$28,460
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILLIP GIST PRESIDENT 40.00
Officer Director
$28,460 $0 $28,460
GARY PORTER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CAROLINE MARTIN SECRETARY 20.00
Officer
$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 $169,392 $291,115 No data $-121,723
2024 $246,776 $270,233 $121,726 $-23,457
2023 $322,459 $290,423 $145,180 $32,036
2022 $253,759 $207,248 $113,724 $46,511
2021 $209,057 $145,187 $66,822 $63,870
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