Middleburg Charitable Foundation

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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

2023

Legal Domicile

Principal Officer

Erik Scheps

Tax Period

2023-01-01 to 2023-12-31

Middleburg Charitable Foundation, founded in 2023, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.2M in total revenue in fiscal year 2023. The organization ran a surplus of $1.1M, a strong 95% operating margin.

Mission

The Middleburg Charitable Foundation was formed to serve as a charitable entity that supports other charitable groups in and around Middleburg, Virginia.

Program Service Accomplishments

Program 1

Expenses: $57,000 Revenue: $1,183,707

Grants are given via an application process with specific deadlines and then voted on by the board to support the community of Middleburg, Virgnia and surrounding areas.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,164,215

Program Service Revenue $0

Investment Income $19,492

Other Revenue $0

TOTAL REVENUE $1,183,707

Expense Breakdown

Grants Paid $57,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $57,000

Other Expenses $1,269

TOTAL EXPENSES $58,269

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,183,707	N/A	N/A
Expenses	$58,269	N/A	N/A
Net Income	$1,125,438	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

Governance

Voting Members

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ray Morales	Director	1.00	Director	$0	$0	$0
Pam Curran	Director	1.00	Director	$0	$0	$0
Jan Neuharth	Director	1.00	Director	$0	$0	$0
Philip Miller	Director	1.00	Director	$0	$0	$0
Darlene Kirk	Director	1.00	Director	$0	$0	$0
Erik Scheps	Board Chair	5.00	Officer Director	$0	$0	$0
Danny Davis	Secretary	1.00	Officer Director	$0	$0	$0
Howard Armfield	Vice Chair	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
2024	No data	No data	No data	No data
2023	$1,183,707	$58,269	$1,125,438	$1,125,438