Police Association of Virginia

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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

1971

Legal Domicile

Phone

7574181935

Tax Period

2023-01-01 to 2023-12-31

Police Association of Virginia, founded in 1971, is a small nonprofit in the Education sector that reported $327K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $288K left a modest 12% surplus.

Mission

To Maintain a trust fund, to provide to the beneficiary of the deceased member in good standing a pecuniary amount in accordance with the provisions of the Police Association of Virginia bylaws. To pay scholarships to deserving beneficiaries of association members in good standing and to purchase vests for law enforcement agencies' personnel.

Program Service Accomplishments

Program 1

Expenses: $53,200

Payments of death benefits to families of deceased members in good standing

Program 2

Expenses: $18,538

Board Meetings, quarterly meetings, annual dinner dance, family fun day expenses $20,726.

Program 3

Expenses: $12,000

providing scholarships to deserving beneficiaries of association members in good standing.

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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 $246,097

Program Service Revenue $0

Investment Income $77,526

Other Revenue $2,882

TOTAL REVENUE $326,505

Expense Breakdown

Grants Paid $65,200

Salaries & Benefits $3,784

Fundraising Expenses $186,595

Program Expenses $83,738

Other Expenses $46,347

TOTAL EXPENSES $288,024

Year-over-Year Comparison

	2023	2022	Change
Revenue	$326,505	$297,989	+0.1%
Expenses	$288,024	$339,970	-0.2%
Net Income	$38,481	$-41,981	-1.9%

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

Total Directors

$3,491

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ronnie Young	Treasurer	7.00	Director	$3,491	$0	$3,491
Mike Rushak	Past President	5.00	Officer	$3	$0	$3
Earl Killmon	Trustee	5.00	Director	$0	$0	$0
Robert Strickland	Vice President	5.00	Director	$0	$0	$0
Billy Mutter	Trustee	5.00	Director	$0	$0	$0
Leo Therrien	Trustee	5.00	Director	$0	$0	$0
Brian Hallman	Executive Dir.	5.00	Officer	$0	$0	$0
Robert Downing	Trustee	5.00	Officer	$0	$0	$0
Harry Twiford	President	5.00	Officer	$0	$0	$0
Ralph Barbarise	Chaplain	5.00	Officer	$0	$0	$0
John Hyman	Guard	5.00	Officer	$0	$0	$0
Everett C Harris	Vice President	5.00	Officer	$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	$326,505	$288,024	$1,105,065	$38,481
2022	$297,989	$339,970	$1,065,779	$-41,981
2021	$345,876	$287,105	$1,109,279	$58,771
2020	$371,375	$350,826	$1,050,469	$20,549
2019	$222,516	$246,077	$1,029,109	$-23,561
2018	$217,662	$253,315	$927,702	$-35,653