VIRGINIA FORESTRY ASSOCIATION

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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

1943

Legal Domicile

Principal Officer

COREY CONNORS

Phone

8042788733

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA FORESTRY ASSOCIATION, founded in 1943, is a small nonprofit that reported $631K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

VFA PROMOTES STEWARDSHIP AND WISE USE OF THE COMMONWEALTH'S FOREST RESOURCES FOR THE ECONOMIC AND ENVIRONMENTAL BENEFITS OF ALL VIRGINIANS.

Program Service Accomplishments

Program 1

Expenses: $164,025 Revenue: $155,149

ANNUAL AND FALL MEETINGS - TO PROVIDE SEMINARS AND PROGRAMS ON PERTINENT FORESTRY TOPICS, AND TO PROVIDE OPPORTUNITIES FOR FELLOWSHIP WITH FORESTRY LEADERS FROM AROUND THE STATE.

Program 2

Expenses: $123,616 Revenue: $51,021

LEGISLATIVE ACTIVITIES - TO EDUCATE THE VIRGINIA GENERAL ASSEMBLY, U.S. CONGRESS, AND LOCAL GOVERNMENTS ABOUT THE FORESTRY INDUSTRY AND ITS IMPACT ON THE ENVIRONMENT AND ECONOMY.

Program 3

Expenses: $140,932 Revenue: $100,157

OTHER PROGRAMS - TO INCLUDE THE SUSTAINABLE FORESTRY INITIATIVE, WHICH ASSISTS COMPANIES, LOGGERS, AND LANDOWNERS IN IMPROVING FORESTRY PRACTICES; PROJECT LEARNING TREE, WHICH IS AN INTERNATIONALLY RENOWNED FORESTRY AND ENVIRONMENTAL EDUCATION PROGRAM FOR K-12 STUDENTS AND DIRECTLTY SUPPORTS THE VIRGINIA STANDARDS OF LEARNING; AND THE PUBLICATION OF THE "VIRGINIA FORESTS" TRADE MAGAZINE WHICH IS DISTRIBUTED TO ALL MEMBERS.

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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 $315,066

Program Service Revenue $306,327

Investment Income $5,246

Other Revenue $4,760

TOTAL REVENUE $631,399

Expense Breakdown

Grants Paid $51,650

Salaries & Benefits $247,873

Fundraising Expenses $0

Program Expenses $428,573

Other Expenses $332,689

TOTAL EXPENSES $632,212

Year-over-Year Comparison

	2024	2023	Change
Revenue	$631,399	$723,272	-0.1%
Expenses	$632,212	$693,529	-0.1%
Net Income	$-813	$29,743	-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

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
SCOTT BARRETT	DIRECTOR	1.00	Director	$0	$0	$0
BEN COLE	DIRECTOR	1.00	Director	$0	$0	$0
JASON CRITZER	DIRECTOR	1.00	Director	$0	$0	$0
ERIC GOODMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HAROLD	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HARRIS	PRESIDENT	5.00	Officer Director	$0	$0	$0
DAN HOCKENBERGER	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
JOHN E JONES III	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN IRVINE	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN PETER	DIRECTOR	1.00	Director	$0	$0	$0
JAY PHAUP	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DOUG POND	DIRECTOR	1.00	Director	$0	$0	$0
JOHN REID	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA HAGER RODI	TREASURER	2.00	Officer Director	$0	$0	$0
LAURIE WRIGHT	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	$631,399	$632,212	$732,800	$-813
2023	$723,272	$693,529	$720,401	$29,743
2022	$564,434	$678,781	$711,941	$-114,347
2021	$559,327	$582,136	$805,934	$-22,809
2020	$496,053	$456,893	$848,034	$39,160
2019	$564,313	$562,836	$797,575	$1,477
2018	$629,399	$641,929	$825,297	$-12,530