VIRGINIA ASSISTED LIVING ASSOCIATION INC (EIN 522052988) - 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

JUDY HACKLER

Phone

8043322111

Tax Period

2023-01-01 to 2023-12-31

VIRGINIA ASSISTED LIVING ASSOCIATION INC, founded in 1996, is a small nonprofit that reported $401K in total revenue in fiscal year 2020. Revenue decreased 15% compared to the prior year. Expenses of $377K left a modest 6% surplus.

Mission

TO PROVIDE ADVOCACY, EDUCATION, COMMUNICATION, AND RESOURCES TO THE ASSISTED LIVING INDUSTRY IN VIRGINIA AND TO THE GENERAL PUBLIC ON BEHALF OF VIRGINIA'S ASSISTED LIVING INDUSTRY.

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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 $392,239

Program Service Revenue $278,730

Investment Income $74

Other Revenue $1,148

TOTAL REVENUE $672,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $240,424

Fundraising Expenses $0

Other Expenses $384,005

TOTAL EXPENSES $624,429

Year-over-Year Comparison

	2023	2022	Change
Revenue	$672,191	$511,582	+0.3%
Expenses	$624,429	$510,116	+0.2%
Net Income	$47,762	$1,466	+31.6%

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

$114,310

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDY HACKLER	EXECUTIVE DI	40.00	Officer	$113,298	$1,012	$114,310
JOHN BOYD	TRUSTEE	1.00	Director	$0	$0	$0
ELIJAH BRISBONE	TRUSTEE	1.00	Director	$0	$0	$0
CHLOE BURKE	TRUSTEE	1.00	Director	$0	$0	$0
MARGARET CABELL	TRUSTEE	1.00	Director	$0	$0	$0
PAIGE CARPENTER	TRUSTEE	1.00	Director	$0	$0	$0
EDWARD CORBELL	CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER HADEN	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHELLE HAMILTON	TRUSTEE	1.00	Director	$0	$0	$0
ERIC HAYES	TRUSTEE	1.00	Director	$0	$0	$0
MICAH HUNT	TRUSTEE	1.00	Director	$0	$0	$0
MARYANNE LEE	TRUSTEE	1.00	Director	$0	$0	$0
EMILY LONDONO	TRUSTEE	1.00	Director	$0	$0	$0
DENNY PREGENT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALICE REYNOLDS	TRUSTEE	1.00	Director	$0	$0	$0
NATHAN SALISBURY	TRUSTEE	1.00	Director	$0	$0	$0
RAY TATE	TRUSTEE	1.00	Director	$0	$0	$0
ANN TEMPLE	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN WILKINS	TRUSTEE	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	$672,191	$624,429	$184,797	$47,762
2022	$511,582	$510,116	$113,087	$1,466
2021	$383,412	$464,767	$70,632	$-81,355
2020	$400,606	$377,008	$168,150	$23,598

VIRGINIA ASSISTED LIVING ASSOCIATION INC