BLUE RIDGE MUTUAL ASSOCIATION INC

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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

1936

Legal Domicile

Principal Officer

G Carolyn Underwood

Phone

2762366641

Tax Period

2025-01-01 to 2025-12-31

BLUE RIDGE MUTUAL ASSOCIATION INC, founded in 1936, is a small nonprofit that reported $304K in total revenue in fiscal year 2025. Revenue decreased 9% compared to the prior year. Expenses of $466K exceeded revenue, resulting in a 53% operating deficit.

Mission

To provide timely and efficient services to our policyholders through collection of premiums and payment of claims.

Program Service Accomplishments

Program 1

Expenses: $466,249

In conjunction with our mission statement, the organization provided timely collection of member premiums and timely payment of claims to those policyholders or beneficiaries had deceased during the...

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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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $66,210

Investment Income $237,938

Other Revenue $34

TOTAL REVENUE $304,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,238

Fundraising Expenses $0

Program Expenses $466,249

Other Expenses $67,171

TOTAL EXPENSES $466,249

Year-over-Year Comparison

	2025	2024	Change
Revenue	$304,182	$335,550	-0.1%
Expenses	$466,249	$599,014	-0.2%
Net Income	$-162,067	$-263,464	-0.4%

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

$1,500

Total Directors

$48,803

Key Employees

$47,303

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carolyn Underwood	Secretary/Treasurer	20	Director Key Emp	$24,497	$500	$24,997
Jacquilin McGrady	Vice President	16	Director Key Emp	$21,806	$500	$22,306
Marie Lawson	Second Vice President	0	Officer Director	$0	$500	$500
Charles Cox	First Vice President	0	Officer Director	$0	$500	$500
Susan McGrady Dillon	Vice President	0	Officer Director	$0	$500	$500

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	$304,182	$466,249	$5,784,700	$-162,067
2024	$335,550	$599,014	$5,902,701	$-263,464
2023	$397,358	$638,619	$5,929,965	$-241,261
2022	$409,217	$582,704	$6,285,202	$-173,487
2021	$796,663	$784,052	$6,926,126	$12,611
2020	$700,663	$724,247	$7,043,415	$-23,584
2019	$927,449	$740,313	$7,312,826	$187,136