VIRGINIA PETROLEUM AND CONVENIENCE… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1948

Legal Domicile

Principal Officer

MICHAEL O'CONNOR

Phone

8042827534

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA PETROLEUM AND CONVENIENCE MARKETERS ASSOCIATION INC, founded in 1948, is a small nonprofit that reported $547K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $626K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ASSOCIATION WAS ORGANIZED TO KEEP MEMBERS INFORMED OF CURRENT EVENTS AND REGULATIONS AFFECTING THE PETROLEUM AND CONVENIENCE STORE INDUSTRIES.

Program Service Accomplishments

Program 1

DISTRIBUTION OF INFORMATION AND TRAINING REGARDING CURRENT EVENTS AND REGULATIONS WITHIN THE PETROLEUM AND CONVENIENCE STORE INDUSTRIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $364,768

Investment Income $40,217

Other Revenue $142,355

TOTAL REVENUE $547,340

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $352,762

Fundraising Expenses $0

Other Expenses $270,126

TOTAL EXPENSES $625,888

Year-over-Year Comparison

	2024	2023	Change
Revenue	$547,340	$501,213	+0.1%
Expenses	$625,888	$590,974	+0.1%
Net Income	$-78,548	$-89,761	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$259,369

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL O'CONNOR	PRESIDENT	40.00	Officer	$241,962	$17,407	$259,369
RICK KOONTZ	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GORDON SUTTON	FIRST VICE C	1.00	Officer Director	$0	$0	$0
ELIZABETH MCCORMICK	SECOND VICE	1.00	Officer Director	$0	$0	$0
BEN MCCLENAHAN	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
MARK ANDERSON	IMMED. PAST	1.00	Officer Director	$0	$0	$0
BOB BRADY	DIRECTOR	1.00	Director	$0	$0	$0
RON PREWITT	DIRECTOR	1.00	Director	$0	$0	$0
LYNN KEFFER	DIRECTOR	1.00	Director	$0	$0	$0
LEWIS WALL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FANNON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CLAYTOR	DIRECTOR	1.00	Director	$0	$0	$0
RYAN GRAY	DIRECTOR	1.00	Director	$0	$0	$0
TRACY LITTLE	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES PARKER JR	DIRECTOR	1.00	Director	$0	$0	$0
KUNAL KUMAR	DIRECTOR	1.00	Director	$0	$0	$0
W COREY RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
ANNA WOODFIN	DIRECTOR	1.00	Director	$0	$0	$0
TIM MURPHY	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	$547,340	$625,888	$1,119,685	$-78,548
2023	$501,213	$590,974	$1,069,868	$-89,761
2022	$516,545	$481,715	$1,118,594	$34,830
2021	$559,787	$483,137	$1,212,715	$76,650
2020	$467,503	$428,512	$1,090,433	$38,991

VIRGINIA PETROLEUM AND CONVENIENCE MARKETERS ASSOCIATION INC