VIRGINIA BEACH EDUCATION ASSOCIATION

EIN: 540884259

VIRGINIA BEACH, VA

Total Revenue
$187,484
Total Expenses
$187,078
Total Assets
$184,519
Net Assets
$177,943
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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
1972
Legal Domicile
VA
Principal Officer
HEATHER SIPE
Phone
7574860202
Tax Period
2023-08-01 to 2024-07-31

VIRGINIA BEACH EDUCATION ASSOCIATION, founded in 1972, is a small nonprofit that reported $187K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $139,879 Revenue: $187,485

VBEA IS A PROFESSIONAL ORGANIZATION THAT REPRESENTS TEACHERS IN VIRGINIA BEACH, VA TO ADVOCATE FOR EDUCATION PROFESSIONALS TO FULFILL. THE PROMOSIE TO PROVIDE TO PREPARE EVERY STUDENT TO SUCCEED IN A...

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VBEA IS A PROFESSIONAL ORGANIZATION THAT REPRESENTS TEACHERS IN VIRGINIA BEACH, VA TO ADVOCATE FOR EDUCATION PROFESSIONALS TO FULFILL. THE PROMOSIE TO PROVIDE TO PREPARE EVERY STUDENT TO SUCCEED IN A DIVERSE WORLD, TO CONTINUE A WORKING PARTNERSHIP WITH PARENTS, STUDENTS AND TEACHERS TO PROVIDE QUALITY PUBLIC EDCATION AND STUDENT SUCCESS.

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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%)

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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

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Governance

Voting Members
1266
Independent Members
1266
Employees
2
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
5
$84,841
Total Directors
5
$84,841
Key Employees
0
$0
Highest Compensated
1
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
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