CENTRAL VIRGINIA BUSINESS COALITION (EIN 843642025) - 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

2020

Legal Domicile

Principal Officer

HEATHER ALTO

Phone

4345281732

Tax Period

2023-10-01 to 2024-09-30

CENTRAL VIRGINIA BUSINESS COALITION, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $259K in total revenue in fiscal year 2020. Expenses of $315K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROMOTE LOCALLY OWNED RETAIL ESTABLISHMENTS AND SERVICE PROVIDERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $223,489

Program Service Revenue $24,765

Investment Income $28,818

Other Revenue $0

TOTAL REVENUE $277,072

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,897

Fundraising Expenses $10,043

Program Expenses $192,128

Other Expenses $212,040

TOTAL EXPENSES $312,937

Year-over-Year Comparison

	2023	2022	Change
Revenue	$277,072	$332,573	-0.2%
Expenses	$312,937	$451,702	-0.3%
Net Income	$-35,865	$-119,129	-0.7%

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

$83,046

Total Directors

$83,046

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC A SCHEWEL	PRESIDENT	1.00	Officer Director	$0	$0	$0
DANNY GIVENS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL BRADFORD	TREASURER	1.00	Officer Director	$0	$0	$0
W BRADLEY WEAVER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE NORFIELD	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER ADAMCZYK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SOMERS	DIRECTOR	1.00	Officer Director	$0	$0	$0
HEATHER ALTO	SECRETARY/EXECUTIVE DIRECTOR	40.00	Officer Director	$83,046	$0	$83,046

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
2024	$277,072	$312,937	$991,102	$-35,865
2023	$332,573	$451,702	$850,213	$-119,129
2022	$394,800	$364,390	$910,332	$30,410
2021	$259,196	$314,994	$1,264,623	$-55,798

CENTRAL VIRGINIA BUSINESS COALITION