HAMPTON ROADS BIOMEDICAL RESEARCH CONSORTIUM (EIN 852555984) - 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 RICHTER

Phone

8778295500

Tax Period

2023-07-01 to 2024-06-30

HAMPTON ROADS BIOMEDICAL RESEARCH CONSORTIUM, founded in 2020, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 1421% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 72% operating margin.

Mission

THE HAMPTON ROADS BIOMEDICAL RESEARCH CONSORTIUM (HRBRC) WAS FOUNDED IN 2020 AS A STATE-SPONSORED INITIATIVE TO ADDRESS HEALTH DISPARITIES, JUMPSTART SCIENTIFIC RESEARCH, AND DEVELOP A ROBUST BIO-HEALTH VERTICAL IN HAMPTON ROADS.

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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 $1,444,989

Program Service Revenue $0

Investment Income $20

Other Revenue $0

TOTAL REVENUE $1,445,009

Expense Breakdown

Grants Paid $10,595

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $350,826

Other Expenses $388,545

TOTAL EXPENSES $399,140

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,445,009	$95,010	+14.2%
Expenses	$399,140	$134,755	+2.0%
Net Income	$1,045,869	$-39,745	-27.3%

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

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
ALFRED ABUHAMAD	BOARD MEMBER	1.00	Director	$0	$0	$0
MONIQUE ADAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
JAVAUNE ADAMS-GASTON	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MILTON BROWN	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
KENNETH FRIDLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
DOVEANNA FULTON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BARBARA HAMM-LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN HEMPHILL	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL HOOPER	SECRETARY	1.00	Officer 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	$1,445,009	$399,140	$1,100,456	$1,045,869

HAMPTON ROADS BIOMEDICAL RESEARCH CONSORTIUM