Virginia Water Environment Associa… - 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

1947

Legal Domicile

Principal Officer

Kathy Rabalais

Phone

8043325286

Tax Period

2024-01-01 to 2024-12-31

Virginia Water Environment Association Inc, founded in 1947, is a small nonprofit in the Environment sector that reported $570K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $510K left a modest 10% surplus.

Mission

The Association was organized for the purpose of providing its members with an opportunity to broaden their experiences and knowledge on water quality issues.

Program Service Accomplishments

Program 1

Expenses: $337,352 Revenue: $387,150

Continued and expanded education in the area of water quality through various major conferences, seminars, workshops, and scholarships.

Program 2

Expenses: $0 Revenue: $13,665

Four newsletters published for educational purposes to members and environmental professionals and maintenance of website.

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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 $134,064

Program Service Revenue $400,815

Investment Income $30,777

Other Revenue $4,469

TOTAL REVENUE $570,125

Expense Breakdown

Grants Paid $19,146

Salaries & Benefits $120,884

Fundraising Expenses $0

Program Expenses $337,352

Other Expenses $370,349

TOTAL EXPENSES $510,379

Year-over-Year Comparison

	2024	2023	Change
Revenue	$570,125	$512,680	+0.1%
Expenses	$510,379	$435,932	+0.2%
Net Income	$59,746	$76,748	-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

200

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

$120,884

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sarah Lotham	Past President	2.00	Director	$0	$0	$0
Ryan Hendrix	President	3.00	Officer Director	$0	$0	$0
Bryce Carter	President Elect	2.00	Officer Director	$0	$0	$0
Ryan Radspinner	Vice President	2.00	Officer Director	$0	$0	$0
Eddie Abisaab	Secretary / Treasurer	2.50	Officer Director	$0	$0	$0
Felicia Glapion	Federation Delegate	1.00	Officer Director	$0	$0	$0
Chris Tabor	Federation Delegate	1.00	Officer Director	$0	$0	$0
Lacy Burnette	PWO Representative	2.00	Officer Director	$0	$0	$0
Lyndsey Davis	Member Engagement Representative	2.00	Officer Director	$0	$0	$0
Hunter Ritchie	Young Professionals Representative	2.00	Officer Director	$0	$0	$0
Kathy Rabalais	Executive Director	50.00	Officer	$120,884	$0	$120,884
Shelbie Dashiell	Outreach Representative	2.00	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	$570,125	$510,379	$1,219,434	$59,746
2023	$512,680	$435,932	$1,100,081	$76,748
2022	$381,261	$384,160	$947,023	$-2,899
2021	$263,048	$259,083	$1,051,339	$3,965
2020	$208,353	$213,210	$978,166	$-4,857

Virginia Water Environment Association Inc