VIRGINIA MINORITY CANNABIS COALITION

EIN: 871409886

NEWPORT NEWS, VA

Total Revenue
$104,956
Total Expenses
$109,266
Total Assets
$9,911
Net Assets
$-4,310
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
VA
Principal Officer
PAUL MCLEAN
Phone
7579800420
Tax Period
2021-06-21 to 2021-12-31

VIRGINIA MINORITY CANNABIS COALITION, founded in 2021, is a small nonprofit that reported $105K in total revenue in fiscal year 2021.

Mission

To promote economic empowerment in minority communities through entrepreneurship and job training in the cannabis industry.

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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 (2021)

Revenue Breakdown

Contributions & Grants $102,500
Program Service Revenue $2,455
Investment Income $1
Other Revenue $0
TOTAL REVENUE $104,956

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,374
Fundraising Expenses $0
Program Expenses $65,755
Other Expenses $72,892
TOTAL EXPENSES $109,266

Year-over-Year Comparison

2021 2020 Change
Revenue $104,956 N/A N/A
Expenses $109,266 N/A N/A
Net Income $-4,310 N/A N/A
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

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Governance

Voting Members
6
Independent Members
5
Employees
1
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
1
$33,750
Total Directors
6
$33,750
Key Employees
1
$33,750
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Paul McLean Director/ CEO 040.00
Officer Director Key Emp Highest
$33,750 $0 $33,750
Richard Coleman Director 001.00
Director
$0 $0 $0
John Hodge Director 004.00
Director
$0 $0 $0
Kimberly Edwards-McLean Director 001.00
Director
$0 $0 $0
Jerome Barber Director 001.00
Director
$0 $0 $0
George Bodie Director 001.00
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
2021 $104,956 $109,266 $9,911 $-4,310
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