VIRGINIA BEACH EDUCATION ASSOCIATION (EIN 540884259) - 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

1972

Legal Domicile

Principal Officer

HEATHER SIPE

Phone

7574860202

Tax Period

2023-08-01 to 2024-07-31

VIRGINIA BEACH EDUCATION ASSOICATION, founded in 1972, is a small nonprofit that reported $244K in total revenue in fiscal year 2019. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $42K, a strong 17% operating margin.

Mission

PROMOTE EXCELLANCE AMONG EDUCATORS, AN ADOCATE FOR TEACHERS IN EDUCATIONAL AND GOVERNMENTAL ISSUES, WORK FOR OVERALL IN ADVANCEMENT IN PUBLIC EDUCATION

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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 $180,966

Program Service Revenue $0

Investment Income $2,344

Other Revenue $4,174

TOTAL REVENUE $187,484

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,319

Fundraising Expenses $0

Program Expenses $139,879

Other Expenses $54,759

TOTAL EXPENSES $187,078

Year-over-Year Comparison

	2023	2022	Change
Revenue	$187,484	$209,631	-0.1%
Expenses	$187,078	$182,385	+0.0%
Net Income	$406	$27,246	-1.0%

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

1266

Independent Members

1266

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

$84,841

Total Directors

$84,841

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN SLINDE	PAST PRESIDENT	050.00	Officer Director	$69,221	$0	$69,221
HEATHER SIPE	PRESIDENT	050.00	Officer Director Highest	$15,620	$0	$15,620
ANDREA EISENBERGER	VICE PRESIDENT	010.00	Officer Director	$0	$0	$0
MARY BETH GUZMAN	TREASURER	015.00	Officer Director	$0	$0	$0
SHARON BABBS	SECRETARY	010.00	Officer 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	$187,484	$187,078	$184,519	$406
2023	$209,631	$182,385	$186,726	$27,246
2020	$243,601	$202,056	$193,123	$41,545

VIRGINIA BEACH EDUCATION ASSOCIATION