SOUTHSIDE VIRGINIA ASSOCIATION OF … - 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

1976

Legal Domicile

Phone

8045204496

Tax Period

2024-01-01 to 2024-12-31

SOUTHSIDE VIRGINIA ASSOCIATION OF REALTORS INC, founded in 1976, is a small nonprofit in the Community Improvement sector that reported $327K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $54K, a strong 17% operating margin.

Mission

A VOICE FOR REAL ESTATE IN SOUTHSIDE VIRGINIA WHILE ENHANCING MEMBERS' PROFESSIONALISM THROUGH EDUCATION, ENFORCEMENT OF THE CODE OF ETHICS, PROTECTING HOMEOWNERSHIP AND PROPERTY RIGHTS THROUGH LEGISLATION AND ADVOCACY.

Program Service Accomplishments

Program 1

PROVIDED MEMBERSHIP BENEFITS AND SEMINARS TO ALL MEMBERS.

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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 $0

Program Service Revenue $211,864

Investment Income $21,759

Other Revenue $92,919

TOTAL REVENUE $326,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,168

Fundraising Expenses $0

Other Expenses $176,954

TOTAL EXPENSES $272,122

Year-over-Year Comparison

	2024	2023	Change
Revenue	$326,542	$363,352	-0.1%
Expenses	$272,122	$345,456	-0.2%
Net Income	$54,420	$17,896	+2.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA ARTIS	Director	2.00	Director	$0	$0	$0
NANCY STEINKE	PRES ELECT	2.00	Officer Director	$0	$0	$0
JENNIFER RESNICK	IMMED PAST PRES	2.00	Officer Director	$0	$0	$0
JOY HARRIS-COBB	President	2.00	Officer Director	$0	$0	$0
LEQUAN HYLTON	Director	2.00	Director	$0	$0	$0
EILEEN KNODE	Treasurer	2.00	Officer Director	$0	$0	$0
SELETRA SUTHERLAND	Director	2.00	Director	$0	$0	$0
BRETT HARRIS	Director	2.00	Director	$0	$0	$0
DEBRA RUSSELL	Director	2.00	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	$326,542	$272,122	$992,500	$54,420
2023	$363,352	$345,456	$1,069,944	$17,896
2022	$296,621	$320,482	$1,094,338	$-23,861
2021	$463,145	$315,520	$1,105,441	$147,625
2020	$290,884	$260,868	$866,045	$30,016
2019	$336,823	$291,447	$831,285	$45,376
2018	$287,574	$268,360	$788,830	$19,214

SOUTHSIDE VIRGINIA ASSOCIATION OF REALTORS INC