VIRGINIA WHOLESALERS & DISTRIBUTOR… - Form 990 Financial Data

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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

1971

Legal Domicile

Principal Officer

JEFF SMITH IV

Phone

8043532322

Tax Period

2023-01-01 to 2023-12-31

VIRGINIA WHOLESALERS & DISTRIBUTORS ASSOCIATION INC, founded in 1971, is a small nonprofit that reported $208K in total revenue in fiscal year 2023. The organization ran a surplus of $43K, a strong 21% operating margin.

Mission

MAINTAIN CONSTANT FEEDBACK TO MEMBERS ON COMMON BUSINESS ISSUES AND LEGISLATION THAT AFFECTS THE MEMBERS

Program Service Accomplishments

Program 1

ANNUAL CONVENTION WITH AFFILIATED ORGANIZATIONS IN NORTH CAROLINA. PURPOSE IS TO DISCUSS COMMON AREAS OF INTEREST IN BUSINESS MANAGEMENT, MARKETING, PRODUCT DEVELOPMENTS AND CHANGES IN LEGISLATION...

ANNUAL CONVENTION WITH AFFILIATED ORGANIZATIONS IN NORTH CAROLINA. PURPOSE IS TO DISCUSS COMMON AREAS OF INTEREST IN BUSINESS MANAGEMENT, MARKETING, PRODUCT DEVELOPMENTS AND CHANGES IN LEGISLATION AFFECTING THE INDUSTRY.

Program 2

TO PROMOTE WHOLESALE AND DISTRIBUTORSHIP INTEREST IN VIRGINIA.

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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 $128,105

Program Service Revenue $0

Investment Income $79,990

Other Revenue $0

TOTAL REVENUE $208,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,943

Fundraising Expenses $0

Other Expenses $67,893

TOTAL EXPENSES $164,836

Year-over-Year Comparison

	2023	2022	Change
Revenue	$208,095	$208,677	0.0%
Expenses	$164,836	$166,524	0.0%
Net Income	$43,259	$42,153	+0.0%

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

$96,943

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS SMYTHERS	DIRECTOR	0.00	Director	$0	$0	$0
JENNIFER SEAY	DIRECTOR	0.00	Director	$0	$0	$0
ROBIN RAY	DIRECTOR	0.00	Director	$0	$0	$0
BRYAN MERCIER	DIRECTOR	0.00	Director	$0	$0	$0
BRUCE DAVIS	DIRECTOR	0.00	Director	$0	$0	$0
TIM HARRIS	DIRECTOR	0.00	Director	$0	$0	$0
DEAN ISSACS	DIRECTOR	0.00	Director	$0	$0	$0
TANNER WINNETT	DIRECTOR	0.00	Director	$0	$0	$0
AMBER CORDLE	DIRECTOR	0.00	Director	$0	$0	$0
TIM MURRAY	DIRECTOR	0.00	Director	$0	$0	$0
SMITH GROUP INC	MGT ASSOC/KEY EMPLOYEE	40.00	Officer	$96,943	$0	$96,943
ALLEN E MICHIE	SECRETARY/TREASURER	0.00	Officer	$0	$0	$0
JUSTIN KEEN	PRESIDENT	0.00	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	$208,095	$164,836	$522,164	$43,259
2022	$208,677	$166,524	$494,874	$42,153
2021	$181,402	$144,529	$617,185	$36,873
2020	$113,933	$96,295	$530,791	$17,638
2019	$150,827	$138,535	$501,508	$12,292

VIRGINIA WHOLESALERS & DISTRIBUTORS ASSOCIATION INC