VIRGINIA AUTOMOBILE INSURANCE PLAN (EIN 540843888) - Form 990 Financial Analysis & Trantor Score

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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

1952

Legal Domicile

Phone

4019462310

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA AUTOMOBILE INSURANCE PLAN, founded in 1952, is a small nonprofit that reported $426K in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. Expenses of $805K exceeded revenue, resulting in a 89% operating deficit.

Mission

To provide motor vehicle insurance for those persons not able to obtain coverage in the voluntary market.

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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 $404,064

Investment Income $22,628

Other Revenue $-303

TOTAL REVENUE $426,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,790

Fundraising Expenses $0

Other Expenses $733,458

TOTAL EXPENSES $805,248

Year-over-Year Comparison

	2024	2023	Change
Revenue	$426,389	$254,897	+0.7%
Expenses	$805,248	$474,238	+0.7%
Net Income	$-378,859	$-219,341	+0.7%

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

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
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	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	$426,389	$805,248	$517,168	$-378,859
2023	$254,897	$474,238	$449,151	$-219,341
2022	$166,989	$408,163	$600,540	$-241,174
2021	$184,674	$350,359	$677,500	$-165,685
2019	$121,915	$108,801	$618,856	$13,114

VIRGINIA AUTOMOBILE INSURANCE PLAN