VIRGINIA STATE POLICE ASSOCIATION INC (EIN 237438558) - 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

1988

Legal Domicile

Principal Officer

C WILLIAM CARRICO SR

Phone

8043206272

Tax Period

2025-01-01 to 2025-12-31

VIRGINIA STATE POLICE ASSOCIATION INC, founded in 1988, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2018. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 15% surplus.

Mission

TO PROMOTE THE BETTERMENT OF CONDITIONS OF THOSE ENGAGED IN LAW ENFORCEMENT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $225,822

Program Service Revenue $442,526

Investment Income $765,424

Other Revenue $-348

TOTAL REVENUE $1,433,424

Expense Breakdown

Grants Paid $22,750

Salaries & Benefits $547,420

Fundraising Expenses $0

Other Expenses $377,021

TOTAL EXPENSES $1,234,688

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,433,424	$1,831,428	-0.2%
Expenses	$1,234,688	$1,148,279	+0.1%
Net Income	$198,736	$683,149	-0.7%

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

Volunteers

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

$178,678

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM CONFROY	PRESIDENT	8.00	Officer Director	$0	$0	$0
RANDY D BEESON	1ST VICE-PRESIDENT	4.00	Officer Director	$0	$0	$0
ANTHONY LEROY DABNEY	2ND VICE-PRESIDENT	4.00	Officer Director	$0	$0	$0
BEVERLY M BAKER	TREASURER	4.00	Officer Director	$0	$0	$0
C WILLIAM WILL CARRICO JR	SECRETARY	4.00	Officer Director	$0	$0	$0
ROY L KYLE	EX-OFFICIO	4.00	Officer Director	$0	$0	$0
MATTHEW C MCCRORY	HEADQUARTERS DIVISION REPR	4.00	Director	$0	$0	$0
JAMES E ELMORE	FIRST DIVISION REPRESENTAT	4.00	Director	$0	$0	$0
MICHAEL L JONES	SECOND DIVISION REPRESENTA	4.00	Director	$0	$0	$0
SEAN A SIMMONS	THIRD DIVISION REPRESENTAT	4.00	Director	$0	$0	$0
M KENNETH KENNY BLEVINS	FOURTH DIVISION REPRESENTA	4.00	Director	$0	$0	$0
JAMES E WEIDMAN	FIFTH DIVISION REPRESENTAT	4.00	Director	$0	$0	$0
RICHARD C RICK GARLETTS	SIXTH DIVISION REPRESENTAT	4.00	Director	$0	$0	$0
CHRISTOPHER V COOPER	SEVENTH DIVISION REPRESENT	4.00	Director	$0	$0	$0
WILLIAM BILL CARRICO SR	EXECUTIVE DIRECTOR	40.00	Officer	$165,125	$13,553	$178,678
DAVID L OSTWINKLE	GENERAL COUNSEL	40.00	Highest	$148,671	$41,426	$190,097

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	$1,433,424	$1,234,688	$10,427,134	$198,736
2024	$1,831,428	$1,148,279	$9,929,057	$683,149
2023	$1,279,928	$1,182,009	$9,105,735	$97,919
2022	$945,020	$1,153,981	$8,303,888	$-208,961
2021	$1,684,715	$1,086,774	$9,828,344	$597,941
2020	$1,172,178	$1,085,241	$8,722,797	$86,937
2019	$1,299,390	$1,251,801	$8,304,375	$47,589
2018	$1,642,791	$1,404,498	$7,200,628	$238,293

VIRGINIA STATE POLICE ASSOCIATION INC