VIRGINIA ASSOCIATION OF WORKERS FOR THE (EIN 540505968) - 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

1929

Legal Domicile

Principal Officer

HAROLD WAGSTAFF

Phone

4347674080

Tax Period

2024-06-01 to 2025-05-31

VIRGINIA ASSOCIATION OF WORKERS FOR THE BLIND, founded in 1929, is a micro nonprofit in the Diseases & Disorders sector that reported $80K in total revenue in fiscal year 2017. Revenue surged 22% from the prior year, signaling strong growth momentum. Net assets of $414K represent 62 months of operating reserves.

Mission

TO MEET THE PERSONAL AND RECREATION NEEDS OF VISUALLY HANDICAPPED INDIVIDUALS IN THE STATE OF VIRGINIA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $29,280

Program Service Revenue $31,680

Investment Income $45,224

Other Revenue $0

TOTAL REVENUE $106,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,624

Fundraising Expenses $0

Program Expenses $81,387

Other Expenses $64,460

TOTAL EXPENSES $94,084

Year-over-Year Comparison

	2024	2023	Change
Revenue	$106,184	$55,723	+0.9%
Expenses	$94,084	$109,127	-0.1%
Net Income	$12,100	$-53,404	-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

N/A

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

$6,000

Total Directors

$15,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAROLD G WAGSTAFF	DIRECTOR	10.00	Officer Director	$0	$0	$6,000
KAREN CROWE	SECRETARY	3.00	Officer Director	$0	$0	$0
VINCE TOLSON	DIRECTOR	3.00	Director	$0	$0	$0
ART TYSON	DIRECTOR	3.00	Director	$0	$0	$0
WAYNE SCHIATTAREGGIA	DIRECTOR	3.00	Director	$0	$0	$0
DORIS WAGONER	DIRECTOR	10.00	Director	$0	$9,600	$9,600
KAREN BROWN	DIRECTOR	3.00	Director	$0	$0	$0
JOHN PLEASANTS	PRESIDENT	3.00	Officer Director	$0	$0	$0
CAROLYN BERRY	2ND VICE PRESIDENT	3.00	Director	$0	$0	$0
JACKIE CROWE	DIRECTOR	3.00	Officer Director	$0	$0	$0
CAROLYN SUE BOWLING	1ST VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
ROBERT HOFFMAN	DIRECTOR	3.00	Director	$0	$0	$0
CAROL THOMAS	DIRECTOR	3.00	Officer Director	$0	$0	$0
DEBBIE WILSON	DIRECTOR	3.00	Director	$0	$0	$0
SHARON FASSOLD	TREASURER	3.00	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
2025	$106,184	$94,084	$296,210	$12,100
2024	$55,723	$109,127	$284,217	$-53,404
2023	$153,093	$152,556	$350,835	$537
2022	$64,241	$75,924	$351,917	$-11,683
2021	$31,743	$63,277	$363,522	$-31,534
2020	$64,417	$76,506	$390,180	$-12,089
2019	$77,389	$92,234	$397,769	$-14,845
2018	$79,992	$86,651	$414,344	$-6,659

VIRGINIA ASSOCIATION OF WORKERS FOR THE