VIRGINIA CABLE TELECOMMUNICATIONS ASSOCIATION INC (EIN 510196242) - 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

1996

Legal Domicile

Principal Officer

RAY LAMURA

Phone

8047801776

Tax Period

2023-01-01 to 2023-12-31

VIRGINIA CABLE TELECOMMUNICATIONS ASSOCIATION INC, founded in 1996, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.3M exceeded revenue, resulting in a 10% operating deficit.

Mission

PROMOTE A POSITIVE IMAGE OF CABLE TELEVISION IN VIRGINIA TO THE PUBLIC, BUSINESS COMMUNITY AND ELECTED OFFICALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,345,212

Investment Income $66

Other Revenue $0

TOTAL REVENUE $1,345,278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $600,943

Fundraising Expenses $0

Other Expenses $726,044

TOTAL EXPENSES $1,326,987

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,345,278	$1,317,486	+0.0%
Expenses	$1,326,987	$1,272,665	+0.0%
Net Income	$18,291	$44,821	-0.6%

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

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

$337,441

Total Directors

$337,441

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAY LAMURA	PRESIDENT	40.00	Officer Director	$323,041	$14,400	$337,441
BILL NEWBORG	CHAIR	1.00	Officer Director	$0	$0	$0
ERIC COLLINS	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
JOHN CONWELL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JD MYERS II	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
JEFF MERRITT	TREASURER	1.00	Officer Director	$0	$0	$0
CHRIS KYLE	SECRETARY	1.00	Officer Director	$0	$0	$0
TERRY ELLIS	PAC CHAIR	1.00	Officer Director	$0	$0	$0
NNEKA CHIAZOR	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN FALK	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD ROWAN	DIRECTOR	1.00	Director	$0	$0	$0
SARAH HOLMAN	DIRECTOR	1.00	Director	$0	$0	$0
DONNA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DAVID COOMBS	DIRECTOR	1.00	Director	$0	$0	$0
BARRETT STORK	DIRECTOR	1.00	Director	$0	$0	$0
MISTY ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
AL WIEGERT	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS O'NEILL	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$1,345,278	$1,326,987	$1,537,050	$18,291
2022	$1,317,486	$1,272,665	$827,903	$44,821
2021	$1,283,706	$1,140,553	$1,169,561	$143,153
2020	$1,277,365	$1,177,934	$1,020,512	$99,431
2019	$1,174,348	$1,239,560	$236,670	$-65,212
2018	$1,150,474	$1,268,657	$334,660	$-118,183

VIRGINIA CABLE TELECOMMUNICATIONS ASSOCIATION INC