VIRGINIA EQUINE ALLIANCE (EIN 472280629) - 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

2014

Legal Domicile

Principal Officer

JEB HANNUM

Phone

5403474313

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA EQUINE ALLIANCE, founded in 2014, is a mid-sized nonprofit in the Community Improvement sector that reported $10.0M in total revenue in fiscal year 2018. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $8.6M left a modest 14% surplus.

Mission

THE PURPOSE OF THE VIRGINIA EQUINE ALLIANCE IS TO SUSTAIN, PROMOTE, AND EXPAND THE HORSE BREEDING AND HORSE RACING INDUSTRIES IN THE COMMONWEALTH OF VIRGINIA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,382,100

Program Service Revenue $0

Investment Income $1,042,960

Other Revenue $28,932,544

TOTAL REVENUE $33,357,604

Expense Breakdown

Grants Paid $707,705

Salaries & Benefits $736,874

Fundraising Expenses $0

Other Expenses $28,703,070

TOTAL EXPENSES $30,147,649

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,357,604	$28,770,169	+0.2%
Expenses	$30,147,649	$31,257,795	0.0%
Net Income	$3,209,955	$-2,487,626	-2.3%

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

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

$179,350

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR WILLIAM H ALLISON	TREASURER	5.00	Officer Director	$0	$0	$0
DR SCOTT WOOGEN	DIRECTOR	5.00	Director	$0	$0	$0
DAVID ROSS	DIRECTOR	5.00	Director	$0	$0	$0
AMY MOORE	DIRECTOR	5.00	Director	$0	$0	$0
DEBORAH EASTER	PRESIDENT	5.00	Officer	$0	$0	$0
JOHN B HANNUM III	EXECUTIVE DIRECTOR AND SEC	40.00	Officer	$150,500	$28,850	$179,350

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	$33,357,604	$30,147,649	$33,705,769	$3,209,955
2023	$28,770,169	$31,257,795	$25,791,232	$-2,487,626
2022	$26,986,369	$23,870,361	$28,452,103	$3,116,008
2021	$20,710,903	$13,932,324	$24,647,483	$6,778,579
2020	$8,319,749	$4,960,222	$18,167,522	$3,359,527
2019	$16,170,784	$5,794,465	$14,423,251	$10,376,319
2018	$10,025,697	$8,634,161	$4,467,887	$1,391,536

VIRGINIA EQUINE ALLIANCE