VIRGINIA TRUCKING ASSOCIATION (EIN 540419430) - 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

1931

Legal Domicile

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 $433K in total revenue in fiscal year 2018. Expenses of $374K left a modest 14% surplus.

Mission

FOSTER ESSENTIAL AND ECONOMICAL VEHICLE USE AND SAFETY.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$209,208

Total Directors

$209,208

Key Employees

Highest Compensated

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

VIRGINIA TRUCKING ASSOCIATION