VIRGINIA PRESS ASSOCIATION INC (EIN 540420455) - 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

1881

Legal Domicile

Principal Officer

BETSY W EDWARDS

Phone

8045217570

Tax Period

2022-07-01 to 2023-06-30

VIRGINIA PRESS ASSOCIATION INC, founded in 1881, is a small nonprofit that reported $378K in total revenue in fiscal year 2018. Revenue surged 203% from the prior year, signaling strong growth momentum. Expenses of $536K exceeded revenue, resulting in a 42% operating deficit.

Mission

TO SUPPORT OUR MEMBERSHIP THROUGH RESPONSIVE SERVICES AND RESOURCES. WE CHAMPION THE COMMON INTERESTS OF VIRGINIA NEWSPAPERS AND THE IDEALS OF A FREE PRESS IN A DEMOCRATIC SOCIETY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $184,456

Investment Income $92,518

Other Revenue $207,329

TOTAL REVENUE $484,303

Expense Breakdown

Grants Paid $40,700

Salaries & Benefits $227,089

Fundraising Expenses $0

Other Expenses $287,484

TOTAL EXPENSES $555,273

Year-over-Year Comparison

	2022	2021	Change
Revenue	$484,303	$838,145	-0.4%
Expenses	$555,273	$451,916	+0.2%
Net Income	$-70,970	$386,229	-1.2%

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

N/A

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

$123,361

Total Directors

$123,361

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETSY EDWARDS	EXECUTIVE DIRECTOR	25.00	Officer Director	$64,596	$0	$123,361
JIM MAXWELL	PRESIDENT	0.00	Officer Director	$0	$0	$0
DENNIS BRACK	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
CHAD HARRISON	IMMEDIATE PAST PRESIDENT	0.00	Officer Director	$0	$0	$0
JEAN BOONE	DIRECTOR	0.00	Director	$0	$0	$0
ANN ADAMS	DIRECTOR	0.00	Director	$0	$0	$0
CHRIS COATES	DIRECTOR	0.00	Director	$0	$0	$0
LISA WATSON MCCARTY	DIRECTOR	0.00	Director	$0	$0	$0
NORMAN STYER	SECRETARY	0.00	Officer Director	$0	$0	$0
WENDI CRAIG	DIRECTOR	0.00	Director	$0	$0	$0
SHARI KEYES	DIRECTOR	0.00	Director	$0	$0	$0
ALAN LEVENSTEIN	DIRECTOR	0.00	Director	$0	$0	$0
KALEA CLARK	TREASURER	0.00	Officer 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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$484,303	$555,273	$6,553,301	$-70,970
2022	$838,145	$451,916	$6,291,489	$386,229
2021	$986,025	$473,562	$6,027,052	$512,463
2020	$328,490	$431,712	$3,095,170	$-103,222
2019	$377,957	$535,813	$3,037,799	$-157,856

VIRGINIA PRESS ASSOCIATION INC