VBA EDUCATION 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

2006

Legal Domicile

Principal Officer

STACY K PUCKETT

Phone

8048194727

Tax Period

2024-01-01 to 2024-12-31

VBA EDUCATION FOUNDATION, founded in 2006, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $195K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $189K left a modest 3% surplus.

Mission

IT IS THE MISSION OF THE VBA EDUCATION FOUNDATION TO ADVANCE PERSONAL FINANCIAL LITERACY ACROSS THE COMMONWEALTH OF VIRGINIA.

Program Service Accomplishments

Program 1

Expenses: $40,000

THE FOUNDATION SUPPORTS FINANCIAL LITERACY TRAINING AND EDUCATION FOR K-12 AND COLLEGE STUDENTS AND TEACHERS BY PROVIDING FUNDING AND SCHOLARSHIPS TO VARIOUS ORGANIZATIONS THROUGHOUT VIRGINIA.

Program 2

Expenses: $26,000

VBA BANK DAY SCHOLARSHIP PROGRAM: VIRGINIA HIGH SCHOOL SENIORS LEARN ABOUT BANKING, FINANCIAL SERVICES, CAREER OPPORTUNITIES IN THE INDSUTRY AND THE VITAL ROLE BANKS PLAY IN THEIR COMMUNITIES ON THE THIRD TUESDAY IN MARCH, WHICH HAS BEEN DECLARED BANK DAY IN VIRGINIA. 13 SCHOLARSHIPS ARE AWARDED BASED ON ESSAYS THAT THE STUDENTS WRITE ABOUT THEIR EXPERIENCE. THE FOUNDATION MANAGES THIS PROGRAM AND DISTRIBUTES THE SCHOLARHIPS.

Program 3

Expenses: $110,000

VIRGINIA BANK FELLOWS PROGRAM: THE FOUNDATION SUPPORTS THIS PROGRAM BY PROVIDING SCHOLARSHIPS AND ADDITIONAL EDUCATIONAL AND LEADERSHIP TRAINING OPPORTUNITIES FOR UNDERSERVED STUDENTS IN THE...

VIRGINIA BANK FELLOWS PROGRAM: THE FOUNDATION SUPPORTS THIS PROGRAM BY PROVIDING SCHOLARSHIPS AND ADDITIONAL EDUCATIONAL AND LEADERSHIP TRAINING OPPORTUNITIES FOR UNDERSERVED STUDENTS IN THE COMMUNITY COLLEGE SYSTEM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $104,749

Program Service Revenue $0

Investment Income $90,028

Other Revenue $0

TOTAL REVENUE $194,777

Expense Breakdown

Grants Paid $176,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $176,000

Other Expenses $12,578

TOTAL EXPENSES $188,578

Year-over-Year Comparison

	2024	2023	Change
Revenue	$194,777	$402,004	-0.5%
Expenses	$188,578	$204,434	-0.1%
Net Income	$6,199	$197,570	-1.0%

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

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
GARY R SHOOK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRUCE T WHITEHURST	PRESIDENT	1.00	Officer Director	$0	$0	$0
WALTER C AYERS	DIRECTOR EMIRITUS	1.00	Director	$0	$0	$0
NATHALIA D ARTUS	BOARD MEMBER	1.00	Director	$0	$0	$0
T PATRICK COLLINS	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY M DUFFEE	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY V HALEY	BOARD MEMBER	1.00	Director	$0	$0	$0
LETON L HARDING JR	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT C HARVARD	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER W KNIGHTING	BOARD MEMBER	1.00	Director	$0	$0	$0
BRANDON C LOREY	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS L RASEY JR	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY M SZYPERSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
LITZ H VAN DYKE	BOARD MEMBER	1.00	Director	$0	$0	$0
DOROTHY M WELCH	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN C YEAKEL	BOARD MEMBER	1.00	Director	$0	$0	$0
STACY PUCKETT	TREASURER	1.00	Officer	$0	$0	$0
MONICA MCDEARMON	SECRETARY	1.00	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	$194,777	$188,578	$2,092,195	$6,199
2023	$402,004	$204,434	$2,085,996	$197,570
2022	$345,598	$206,420	$1,888,426	$139,178
2021	$210,777	$88,138	$1,749,248	$122,639
2020	$136,348	$89,049	$1,626,609	$47,299
2019	$153,530	$109,393	$1,579,310	$44,137
2018	$207,011	$115,908	$1,535,173	$91,103