VIP FOUNDATION INC (EIN 861438875) - Form 990 Financial Analysis & Trantor Score

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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

2020

Principal Officer

PHIL SHUMWAY

Phone

6024304905

Tax Period

2024-01-01 to 2024-12-31

VIP FOUNDATION INC, founded in 2020, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $69K in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $109K exceeded revenue, resulting in a 58% operating deficit.

Mission

The VIP Foundation was founded for the passionate purpose of helping those less fortunate in many critically needed areas always with HEART (Hope, Embracing, Achieving, Raising, and Thriving).

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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 $24,104

Program Service Revenue $0

Investment Income $46,776

Other Revenue $-1,564

TOTAL REVENUE $69,316

Expense Breakdown

Grants Paid $71,900

Salaries & Benefits $0

Fundraising Expenses $978

Program Expenses $78,185

Other Expenses $37,437

TOTAL EXPENSES $109,337

Year-over-Year Comparison

	2024	2023	Change
Revenue	$69,316	$43,352	+0.6%
Expenses	$109,337	$132,470	-0.2%
Net Income	$-40,021	$-89,118	-0.6%

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

130

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
JAMES D BARBOUR II	President	1.00	Officer Director	$0	$0	$0
KEITH TEEGARDIN	Vice President	1.00	Officer Director	$0	$0	$0
MICHAEL METZ	Treasurer	1.00	Officer Director	$0	$0	$0
CHRIS JANSSEN	Secretary	1.00	Officer Director	$0	$0	$0
STUART CRAWFORD	Director	1.00	Director	$0	$0	$0
RYAN MADRID	Director	1.00	Director	$0	$0	$0
ERICK KILSTROM	Director	1.00	Director	$0	$0	$0
AUSTIN BATES	Director	1.00	Director	$0	$0	$0
VERONICA CARO	Director	4.00	Director	$0	$0	$0
KAREN HOFFMAN	Director	1.00	Director	$0	$0	$0
DINO CAMUNEZ	Director	1.00	Director	$0	$0	$0
PHIL SHUMWAY	Executive Dir.	30.00	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
2024	$69,316	$109,337	$1,197,626	$-40,021
2023	$43,352	$132,470	$1,144,441	$-89,118
2022	$46,558	$156,884	$1,127,378	$-110,326
2021	$1,510,310	$76,129	$1,449,626	$1,434,181

VIP FOUNDATION INC