VIRGINIA ASSOCIATION OF SCHOOL LIBRARIANS (EIN 510238856) - 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

1975

Legal Domicile

Principal Officer

CHRISTINE WARE

Phone

5404166109

Tax Period

2024-07-01 to 2025-06-30

VIRGINIA ASSOCIATION OF SCHOOL LIBRARIANS, founded in 1975, is a small nonprofit that reported $274K in total revenue in fiscal year 2018. Revenue surged 561% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 19% operating margin.

Mission

The Organization supplies learning resource materials for library media professionals, sponsors conferences for educational purposes, and issues other professional information throughout the state 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 $53,051

Program Service Revenue $242,000

Investment Income $5,288

Other Revenue $770

TOTAL REVENUE $301,109

Expense Breakdown

Grants Paid $25,015

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $247,821

Other Expenses $275,923

TOTAL EXPENSES $300,938

Year-over-Year Comparison

	2024	2023	Change
Revenue	$301,109	$281,815	+0.1%
Expenses	$300,938	$269,936	+0.1%
Net Income	$171	$11,879	-1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christine Ware	President Elect	1.00	Officer Director	$0	$0	$0
Judith Deichman	Director	1.00	Director	$0	$0	$0
Shannon Bailey	Treasurer	10.00	Officer Director	$0	$0	$0
Tara Williams	Director	1.00	Director	$0	$0	$0
Tiana Adda-Mensah	Director	1.00	Director	$0	$0	$0
KELLY PASSEK	Past President	1.00	Officer Director	$0	$0	$0
Lyndsay Friedman	Director	1.00	Director	$0	$0	$0
Carl Harvey	President	4.00	Officer Director	$0	$0	$0
Janice Raspen	Secretary	1.00	Officer Director	$0	$0	$0
Crystal Hamlin	Director	1.00	Director	$0	$0	$0
Tammy Byram	Director	1.00	Director	$0	$0	$0
Tammy Hinkle	Director	1.00	Director	$0	$0	$0
Dee Ryan	Director	1.00	Director	$0	$0	$0
Debbie Haubner	Director	1.00	Director	$0	$0	$0
Carlene Lantz	Director	1.00	Director	$0	$0	$0
Michelle Bergstresser	Director	1.00	Director	$0	$0	$0
Stephanie Baker	Director	1.00	Director	$0	$0	$0
Connie Piper	Executive Director	1.00	Director	$0	$0	$0
Jennifer Clements	Director	1.00	Director	$0	$0	$0
Lisa Fisher-Janosz	Director	1.00	Director	$0	$0	$0
Amy Simmers	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
2025	$301,109	$300,938	$289,177	$171
2024	$281,815	$269,936	$289,006	$11,879
2023	$256,310	$204,012	$277,087	$52,298
2022	$178,497	$164,446	$237,492	$14,051
2021	$87,062	$62,656	$223,441	$24,406
2020	$217,923	$220,755	$196,647	$-2,832
2019	$274,190	$223,320	$201,771	$50,870

VIRGINIA ASSOCIATION OF SCHOOL LIBRARIANS