VIRGINIA ASSOCIATION OF BROADCASTERS INC (EIN 540719711) - 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

1978

Legal Domicile

Principal Officer

DOUGLAS EASTER

Phone

4349773716

Tax Period

2023-10-01 to 2024-09-30

VIRGINIA ASSOCIATION OF BROADCASTERS INC, founded in 1978, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2017. Revenue decreased 18% compared to the prior year. Expenses of $1.2M left a modest 10% surplus.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE THE ENVIRONMENT, PROGRAMS, AND STAFF TO ADVANCE THE RADIO AND TELEVISION BROADCAST INDUSTRY IN VIRGINIA THROUGH EDUCATION, GOVERNMENT RELATIONS, AND PROMOTION OF THE USE OF BROADCAST ADVERTISING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,402,060

Program Service Revenue $34,268

Investment Income $197,098

Other Revenue $11,112

TOTAL REVENUE $1,644,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,892,859

TOTAL EXPENSES $1,892,859

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,644,538	$1,682,137	0.0%
Expenses	$1,892,859	$1,376,047	+0.4%
Net Income	$-248,321	$306,090	-1.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYM GRINNAGE	CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL CLARK	PAST CHAIR	2.00	Officer Director	$0	$0	$0
MARK KURTZ	CHAIR ELECT	2.00	Officer Director	$0	$0	$0
JAIMIE LEON	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
ADAM CHASE	DIRECTOR	2.00	Director	$0	$0	$0
CAROL COMMANDER	DIRECTOR	2.00	Director	$0	$0	$0
KATHY YEVAK	DIRECTOR	2.00	Director	$0	$0	$0
STEVE BLANCHARD	DIRECTOR	2.00	Director	$0	$0	$0
JULIE MONAFO	DIRECTOR	2.00	Director	$0	$0	$0
JAYME SWAIN	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE KAYES	DIRECTOR	2.00	Director	$0	$0	$0
GARRETT KLINGEL	DIRECTOR	2.00	Director	$0	$0	$0
BEN OLDHAM	DIRECTOR	2.00	Director	$0	$0	$0
TODD BERNSTEIN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID HOWARD	DIRECTOR	2.00	Director	$0	$0	$0
DOUGLAS EASTER	PRESIDENT &	15.00	Officer	$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	$1,644,538	$1,892,859	$4,937,411	$-248,321
2023	$1,682,137	$1,376,047	$4,866,449	$306,090
2022	$1,838,739	$1,507,319	$4,477,044	$331,420
2021	$1,681,777	$1,565,714	$5,210,453	$116,063
2020	$2,000,368	$1,151,159	$4,591,377	$849,209
2019	$1,141,483	$1,064,597	$3,620,206	$76,886
2018	$1,293,688	$1,162,090	$3,390,172	$131,598

VIRGINIA ASSOCIATION OF BROADCASTERS INC