NEW SCHOOLS FOR VIRGINIA

EIN: 884064070 501(c)(3) Education

RICHMOND, VA

Total Revenue
$1,895,493
Total Expenses
$274,541
Total Assets
$1,627,699
Net Assets
$1,620,952
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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
2022
Legal Domicile
VA
Principal Officer
SARAH CRAIG
Phone
8042880135
Tax Period
2023-01-01 to 2023-12-31

NEW SCHOOLS FOR VIRGINIA, founded in 2022, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2023. The organization ran a surplus of $1.6M, a strong 86% operating margin.

Mission

NEW SCHOOLS OF VIRGINIA CREATES MORE HIGH QUALITY EDUCATIONAL OPPORTUNITIES FOR YOUTH AND FAMILIES IN VIRGINIA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,880,483
Program Service Revenue $15,000
Investment Income $10
Other Revenue $0
TOTAL REVENUE $1,895,493

Expense Breakdown

Grants Paid $0
Salaries & Benefits $199,044
Fundraising Expenses $12,384
Program Expenses $219,204
Other Expenses $75,497
TOTAL EXPENSES $274,541

Year-over-Year Comparison

2023 2022 Change
Revenue $1,895,493 N/A N/A
Expenses $274,541 N/A N/A
Net Income $1,620,952 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
3
Independent Members
2
Employees
3
Volunteers
25

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
2
$0
Total Directors
1
$113,846
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH CRAIG FOUNDER 40.00
Director
$113,846 $0 $113,846
DAVID ENDOM OFFICER 2.00
Officer
$0 $0 $0
ANDREA ARCHER OFFICER 2.00
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 No data No data No data No data
2023 $1,895,493 $274,541 $1,627,699 $1,620,952
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