VIRGINIA BAPTIST COLLEGIATE MINIST… - 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

2015

Legal Domicile

Principal Officer

PRESTON JONES

Phone

8046728862

Tax Period

2023-01-01 to 2023-12-31

VIRGINIA BAPTIST COLLEGIATE MINISTRIES ALUMNI ASSOCIATION, founded in 2015, is a small nonprofit in the Education sector that reported $413K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $120K, a strong 29% operating margin.

Mission

VIRGINIA BAPTIST COLLEGIATE MINISTRIES ALUMNI ASSOCIATION ("VBCMAA") IS ORGANIZED TO EXCLUSIVELY SUPPORT, ENHANCE AND FURTHER THE CHARITABLE, RELIGIOUS AND EDUCATIONAL ACTIVITIES OF BAPTIST COLLEGIATE MINISTRIES AT VIRGINIA COLLEGES, UNIVERSITIES AND OTHER INSITITUTIONS OF HIGHER EDUCATION AND FOR SUCH OTHER CHARITABLE, RELIGIOUS, AND EDUCATIONAL PURPOSES, INCLUDING THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

Program Service Accomplishments

Program 1

Expenses: $281,270

VIRGINIA BAPTIST COLLEGIATE MINISTRIES ALUMNI ASSOCIATION ("VBCMAA") IS ORGANIZED TO PROVIDE LEADERSHIP, COORDINATION OF EVENTS, AND EDUCATIONAL ACTIVITIES FOR THE VARIOUS ALUMNI GROUPS OF BAPTIST...

VIRGINIA BAPTIST COLLEGIATE MINISTRIES ALUMNI ASSOCIATION ("VBCMAA") IS ORGANIZED TO PROVIDE LEADERSHIP, COORDINATION OF EVENTS, AND EDUCATIONAL ACTIVITIES FOR THE VARIOUS ALUMNI GROUPS OF BAPTIST COLLEGIATE MINISTRIES ("BCM") OF VIRGINIA COLLEGES, UNIVERSITIES AND OTHER INSTITUTIONS OF HIGHER EDUCATION. THUS, VBCMAA WILL ALSO SUPPORT, ENHANCE AND FURTHER THE CHARITABLE, RELIGIOUS AND EDUCATIONAL ACTIVITIES OF BCM ITSELF.

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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 (2023)

Revenue Breakdown

Contributions & Grants $376,957

Program Service Revenue $0

Investment Income $33,719

Other Revenue $2,400

TOTAL REVENUE $413,076

Expense Breakdown

Grants Paid $281,270

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $281,270

Other Expenses $12,008

TOTAL EXPENSES $293,278

Year-over-Year Comparison

	2023	2022	Change
Revenue	$413,076	$668,248	-0.4%
Expenses	$293,278	$571,544	-0.5%
Net Income	$119,798	$96,704	+0.2%

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

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
DARRELL COOK	PRESIDENT	0.50	Officer Director	$0	$0	$0
WELFORD ORROCK	VICE PRESIDENT/SECRETARY	3.00	Officer Director	$0	$0	$0
TODD J FULLER	TREASURER	1.00	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	No data	No data	No data	No data
2023	$413,076	$293,278	$1,938,414	$119,798
2022	$668,248	$571,544	$1,792,095	$96,704
2021	$738,324	$366,488	$1,695,391	$371,836
2020	$342,313	$162,462	$1,323,555	$179,851
2019	$290,713	$182,418	$1,143,704	$108,295
2018	$106,748	$8,283	$954,088	$98,465

VIRGINIA BAPTIST COLLEGIATE MINISTRIES ALUMNI ASSOCIATION