VIRGINIA PENINSULA ASSOCIATION OF … - Form 990 Financial Data

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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

1968

Legal Domicile

Principal Officer

JAMES M WETZEL

Phone

7575995222

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA PENINSULA ASSOCIATION OF REALTORS INC, founded in 1968, is a small nonprofit in the Community Improvement sector that reported $839K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $937K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE INFORMATION, EDUCATION AND OTHER SERVICES TO MEMBER REAL ESTATE FIRMS AND INDIVIDUAL REALTORS ON THE VIRGINIA PENINSULA AND SURROUNDING COMMUNITIES.

Program Service Accomplishments

Program 1

PROVIDE VARIOUS MEMBER INFORMATION SERVICES

Program 2

ENHANCE MEMBER PROFESSIONAL STANDARDS

Program 3

PROVIDE HIGH QUALITY TRAINING AND EDUCATION TO REALTORS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $782,119

Investment Income $41,627

Other Revenue $14,824

TOTAL REVENUE $838,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $275,225

Fundraising Expenses $0

Other Expenses $662,240

TOTAL EXPENSES $937,465

Year-over-Year Comparison

	2024	2023	Change
Revenue	$838,570	$933,626	-0.1%
Expenses	$937,465	$976,386	0.0%
Net Income	$-98,895	$-42,760	+1.3%

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

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

$104,912

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PEGGY TODD	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID MOHAJERIN	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
AL PATEL	TREASURER	1.00	Officer Director	$0	$0	$0
TERESA CLINE	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
KEISHA DEERING	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES DUNLAP	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAVONNE MILES	BOARD MEMBER	1.00	Director	$0	$0	$0
SALLY SHEARD	BOARD MEMBER	1.00	Director	$0	$0	$0
PJ PARKER JR	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANDA WALSH	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLY WOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES WETZEL	CEO	40.00	Officer	$96,988	$7,924	$104,912

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	$838,570	$937,465	$3,267,381	$-98,895
2023	$933,626	$976,386	$3,436,703	$-42,760
2022	$936,218	$968,983	$3,596,452	$-32,765
2021	$823,482	$785,239	$3,755,603	$38,243
2020	$821,483	$851,329	$3,698,128	$-29,846
2019	$777,060	$849,375	$3,862,030	$-72,315
2018	$846,304	$852,033	$3,900,639	$-5,729

VIRGINIA PENINSULA ASSOCIATION OF REALTORS INC