VIRGINIA TRUCKING ASSOCIATION

EIN: 540419430

RICHMOND, VA

Total Revenue
$503,478
Total Expenses
$406,697
Total Assets
$437,629
Net Assets
$343,357
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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
1931
Legal Domicile
VA
Principal Officer
P DALE BENNETT
Phone
8043555371
Tax Period
2023-01-01 to 2023-12-31

VIRGINIA TRUCKING ASSOCIATION, founded in 1931, is a small nonprofit that reported $503K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $97K, a strong 19% operating margin.

Mission

FOSTER ESSENTIAL AND ECONOMICAL VEHICLE USE AND SAFETY.

Program Service Accomplishments

Program 1

CONFERENCES AND MEETINGS HELD EACH YEAR TO ALLOW MEMBERS TO DISCUSS, PRESENT AND PLAN.

Program 2

STRIVE FOR GREATER SAFETY AND INCREASE ESSENTIAL SERVICES TO THE PUBLIC.

Program 3

HELP PREVENT UNFAIR LEGISLATION AND MAKE THE PUBLIC BETTER ACQUAINTED WITH THE VALUE OF COMMERCIAL VEHICLES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $502,952
Investment Income $526
Other Revenue $0
TOTAL REVENUE $503,478

Expense Breakdown

Grants Paid $0
Salaries & Benefits $283,985
Fundraising Expenses $0
Other Expenses $122,712
TOTAL EXPENSES $406,697

Year-over-Year Comparison

2023 2022 Change
Revenue $503,478 $433,688 +0.2%
Expenses $406,697 $412,934 0.0%
Net Income $96,781 $20,754 +3.7%
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

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Governance

Voting Members
19
Independent Members
18
Employees
2
Volunteers
N/A

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
6
$209,208
Total Directors
19
$209,208
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
P DALE BENNETT PRES./SEC. 40.00
Officer Director
$187,730 $21,478 $209,208
WARD BEST PAST CHAIRMA 0.50
Officer Director
$0 $0 $0
CARL R BUMGARNER DIRECTOR 0.50
Director
$0 $0 $0
MIKE CARWILE DIRECTOR 0.50
Director
$0 $0 $0
NICK D'ANDREA DIRECTOR 0.50
Director
$0 $0 $0
RUSSELL ELLETT DIRECTOR 0.50
Director
$0 $0 $0
DANIELLE FERRELL DIRECTOR 0.50
Director
$0 $0 $0
WARREN GROSECLOSE DIRECTOR 0.50
Director
$0 $0 $0
DOUGLAS Z HOUFF DIRECTOR 0.50
Director
$0 $0 $0
ZANE M HOUFF DIRECTOR 0.50
Director
$0 $0 $0
JAMES G SMITH III TREASURER 0.50
Officer Director
$0 $0 $0
KIMBERLY LACY DIRECTOR 0.50
Director
$0 $0 $0
THOMAS W MOHR VICE CHAIRMA 0.50
Officer Director
$0 $0 $0
DAVID J NEWMAN CHAIRMAN 0.50
Officer Director
$0 $0 $0
HARRY G NORRIS VICE CHAIRMA 0.50
Officer Director
$0 $0 $0
C DUNCAN QUICKE DIRECTOR 0.50
Director
$0 $0 $0
STEVE SETLIFF DIRECTOR 0.50
Director
$0 $0 $0
GARY SHORT DIRECTOR 0.50
Director
$0 $0 $0
CHRIS THOMPSON DIRECTOR 0.50
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 $503,478 $406,697 $437,629 $96,781
2022 $433,688 $412,934 $336,783 $20,754
2021 $453,646 $397,485 $319,944 $56,161
2020 $292,294 $287,463 $238,855 $4,831
2019 $369,809 $381,173 $231,760 $-11,364
2018 $432,912 $374,431 $224,473 $58,481
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