Virginia Association of Independent Specialized Education Facilities

EIN: 237297471 Community Improvement

Midlothian, VA

Total Revenue
$240,610
Total Expenses
$346,676
Total Assets
$208,110
Net Assets
$208,110
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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
VA
Principal Officer
Tricia Delano
Phone
8043549091
Tax Period
2024-10-01 to 2025-09-30

Virginia Association of Independent Specialized Education Facilities, founded in 1975, is a small nonprofit in the Community Improvement sector that reported $202K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $256K exceeded revenue, resulting in a 27% operating deficit.

Mission

To enhance the capabilities of its members to provide quality specialized education and services by offering an accreditation process and by providing information, training, and networking opportunities.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $225,596
Investment Income $14
Other Revenue $15,000
TOTAL REVENUE $240,610

Expense Breakdown

Grants Paid $0
Salaries & Benefits $114,232
Fundraising Expenses $0
Other Expenses $232,444
TOTAL EXPENSES $346,676

Year-over-Year Comparison

2024 2023 Change
Revenue $240,610 $202,244 +0.2%
Expenses $346,676 $256,052 +0.4%
Net Income $-106,066 $-53,808 +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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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
16

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
6
$114,232
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jerry Baldwin Executive Dir. 35.00
Officer
$114,232 $0 $114,232
Tricia Delano President 4.00
Officer Director
$0 $0 $0
Michael Triggs Vice President 1.00
Officer Director
$0 $0 $0
Veronica Myers Vice President 1.00
Officer Director
$0 $0 $0
Leslie Painter Secretary 1.00
Officer Director
$0 $0 $0
Jim McGee Past President 1.00
Officer Director
$0 $0 $0
Warren Bull Director 1.00
Director
$0 $0 $0
Adam Dreyfuss Director 1.00
Director
$0 $0 $0
Diana Morris Director 1.00
Director
$0 $0 $0
Tamara Johnston Director 1.00
Director
$0 $0 $0
Robyn Puryear Director 1.00
Director
$0 $0 $0
Sara Headley-Boyd Director 1.00
Director
$0 $0 $0
Ron Spears Director 1.00
Director
$0 $0 $0
Stacie Thompson Director 1.00
Director
$0 $0 $0
Jim McGee Director 1.00
Director
$0 $0 $0
Claiborne Warner Director 1.00
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
2025 $240,610 $346,676 $208,110 $-106,066
2024 $202,244 $256,052 $314,176 $-53,808
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