VIRGINIA STATE UNIVERSITY ATHLETIC CLUB (EIN 992301409) - 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

1975

Legal Domicile

Principal Officer

Ellis Hargress

Phone

7577134502

Tax Period

2024-07-01 to 2025-06-30

Virginia State University Athletic Club Inc, founded in 1975, is a small nonprofit in the Education sector that reported $685K in total revenue in fiscal year 2023. Revenue surged 344% from the prior year, signaling strong growth momentum. The organization ran a surplus of $563K, a strong 82% operating margin.

Mission

The mission is to support the athletics and the student at Virginia State University (VSU).

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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 $138,281

Program Service Revenue $0

Investment Income $213,631

Other Revenue $2,955

TOTAL REVENUE $354,867

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $115,705

Other Expenses $96,206

TOTAL EXPENSES $121,106

Year-over-Year Comparison

	2024	2023	Change
Revenue	$354,867	$684,727	-0.5%
Expenses	$121,106	$121,829	0.0%
Net Income	$233,761	$562,898	-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

200

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
Harrison Bonner	Director	5	Director	$0	$0	$0
Frederick Custis	Director	5	Director	$0	$0	$0
Rita Harper	Director	5	Director	$0	$0	$0
Paulette Johnson	Director	5	Director	$0	$0	$0
Raymond Wrenn	Director	5	Director	$0	$0	$0
Ellis Hargress	President	20	Officer	$0	$0	$0
Derrick Brown	Vice President	20	Officer	$0	$0	$0
Ulysses Billips	Financial Secretary	10	Officer	$0	$0	$0
Angela Rowe	Secretary	10	Officer	$0	$0	$0
Irene Logan	Recording Secretary	5	Officer	$0	$0	$0
Yvette Bembry	Treasurer	20	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
2025	$354,867	$121,106	$930,803	$233,761
2024	$684,727	$121,829	$697,042	$562,898

VIRGINIA STATE UNIVERSITY ATHLETIC CLUB