VIRGINIA NATURAL GAS INC - UNION

EIN: 256453009

ATLANTA, GA

Total Revenue
$525,726
Total Expenses
$212,086
Total Assets
$9,621,609
Net Assets
$9,621,609
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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
2002
Legal Domicile
NY
Principal Officer
THE BANK OF NEW YORK MELL
Phone
4122347977
Tax Period
2024-01-01 to 2024-12-31

VIRGINIA NATURAL GAS INC - UNION, founded in 2002, is a small nonprofit that reported $526K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $314K, a strong 60% operating margin.

Mission

PROVISION OF WELFARE BENEFITS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $525,726
Other Revenue $0
TOTAL REVENUE $525,726

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,691
Fundraising Expenses $0
Other Expenses $7,483
TOTAL EXPENSES $212,086

Year-over-Year Comparison

2024 2023 Change
Revenue $525,726 $386,392 +0.4%
Expenses $212,086 $271,672 -0.2%
Net Income $313,640 $114,720 +1.7%
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

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Governance

Voting Members
1
Independent Members
N/A
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 5.00
$8,691 $0 $8,691
GRACE KOLVERIDE DULY AUTHORIZED OFFICER 0.50
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 $525,726 $212,086 $9,621,609 $313,640
2023 $386,392 $271,672 $8,544,937 $114,720
2022 $391,712 $456,702 $6,161,456 $-64,990
2021 $809,293 $368,667 $6,226,446 $440,626
2020 $303,778 $321,588 $5,785,820 $-17,810
2019 $285,428 $297,093 $5,803,630 $-11,665
2018 $411,766 $372,661 $5,815,295 $39,105
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