VIRGINIA PROMISE IN ACTION INC (EIN 871648581) - 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

2021

Legal Domicile

Principal Officer

GARY R THOMSON

Phone

8043018094

Tax Period

2024-07-01 to 2025-06-30

VIRGINIA PROMISE IN ACTION INC, founded in 2021, is a small nonprofit in the Civil Rights & Advocacy sector that reported $200K in total revenue in fiscal year 2021. The organization ran a surplus of $50K, a strong 25% operating margin.

Mission

VIRGINIA PROMISE IN ACTION IS FOCUSED ON BUILDING THE POLITICAL WILL NECESSARY TO ADVANCE EFFECTIVE POLICY IMPROVEMENTS AND INCREASE INVESTMENT IN VIRGINIA'S CHILD CARE SYSTEM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $590,000

Program Service Revenue $0

Investment Income $0

Other Revenue $1,577

TOTAL REVENUE $591,577

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $232,059

Other Expenses $232,059

TOTAL EXPENSES $232,059

Year-over-Year Comparison

	2024	2023	Change
Revenue	$591,577	$450,000	+0.3%
Expenses	$232,059	$242,619	0.0%
Net Income	$359,518	$207,381	+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

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
SHERRIE ARMSTRONG	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES W DYKE JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL D KOONCE	DIRECTOR	1.00	Director	$0	$0	$0
GARY R THOMSON	TREASURER	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	$591,577	$232,059	$796,274	$359,518
2024	$450,000	$242,619	$388,912	$207,381
2023	$250,000	$157,983	$205,375	$92,017
2022	$100,000	$98,503	$99,325	$1,497
2021	$200,000	$149,590	$200,000	$50,410

VIRGINIA PROMISE IN ACTION INC