VIRGINIA INTERSCHOLASTIC ASSOCIATI… - 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

2014

Legal Domicile

Principal Officer

JAMES E HOLLINS

Phone

4348256617

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA INTERSCHOLASTIC ASSOCIATION, founded in 2014, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $12K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $16K exceeded revenue, resulting in a 39% operating deficit.

Mission

1 HONOR THE RICH HERITAGE AND LEGACY OF THE AFRICAN AMERICANS IN SPORTS, SCIENCE, MATH, DEBATES, MUSIC, AND OTHER ACHIEVEMENTS UNDER THE DIRECTION OF THE VIRGINIA INTERSCHOLASTIC ASSOCIATION FROM 1954 TO 1970.

Program Service Accomplishments

Program 1

Expenses: $16,140

1 HONOR THE RICH HERITAGE AND LEGACY OF THE AFRICAN AMERICANS IN SPORTS, SCIENCE, MATH, DEBATES, MUSIC AND OTHER ACHIEVEMENTS UNDER THE DIRECTION OF THE VIRGINIA INTERSCHOLASTIC ASSOCIATION FROM 1954...

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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 $11,608

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $11,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $12,649

Program Expenses $16,140

Other Expenses $16,140

TOTAL EXPENSES $16,140

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,608	$20,676	-0.4%
Expenses	$16,140	$21,426	-0.2%
Net Income	$-4,532	$-750	+5.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES E HOLLINS	CHAIRMAN	008.00	Officer Director	$0	$0	$0
LUCIOUS EDWARDS	VICE-CHAIRMAN	002.00	Officer Director	$0	$0	$0
KNOX TULL	TREASURER	003.00	Officer Director	$0	$0	$0
JAMES WYCHE	ASSIST-TREASURER	001.00	Officer Director	$0	$0	$0
BERNARD ANDERSON	SECRETARY	002.00	Officer Director	$0	$0	$0
THELMA JEFFERSON	CORRESPONDING-SECRETARY	001.00	Officer 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
2024	$11,608	$16,140	$10,694	$-4,532
2023	$20,676	$21,426	$15,226	$-750
2022	$21,697	$14,590	$15,976	$7,107
2021	$4,851	$4,479	$8,869	$372
2020	$5,887	$3,869	$8,497	$2,018
2019	$16,298	$20,009	$6,479	$-3,711
2018	$22,481	$17,102	$10,190	$5,379

VIRGINIA INTERSCHOLASTIC ASSOCIATION