Virginia Association of Independent Schools (EIN 541080608) - 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

1973

Legal Domicile

Phone

8042823592

Tax Period

2024-07-01 to 2025-06-30

VIRGINIA ASSOCIATION OF INDEPENDENT SCHOOLS, founded in 1973, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2018. Expenses of $1.0M left a modest 5% surplus.

Mission

TO SET STANDARDS OF EDUCATIONAL, ETHICAL AND PROFESSIONAL EXCELLENCE FOR MEMBER INDEPENDENT SCHOOLS, TO EVALUATE MEMBER AND CANDIDATE SCHOOLS FOR ACCREDITATION PURPOSES, AND TO SPONSOR EDUCATIONAL PROGRAMS THAT ENHANCE THE PROFESSIONAL GROWTH OF INDEPENDENT SCHOOL TEACHERS, ADMINISTRATORS AND TRUSTEES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $141,982

Program Service Revenue $1,075,782

Investment Income $105,468

Other Revenue $30,856

TOTAL REVENUE $1,354,088

Expense Breakdown

Grants Paid $5,509

Salaries & Benefits $776,632

Fundraising Expenses $0

Program Expenses $952,370

Other Expenses $412,841

TOTAL EXPENSES $1,194,982

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,354,088	$1,288,807	+0.1%
Expenses	$1,194,982	$1,139,180	+0.0%
Net Income	$159,106	$149,627	+0.1%

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

176

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

$283,179

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR ROBERT E GREGG III	PRESIDENT	2.0	Officer Director	$0	$0	$0
MRS CATHERINE S MCGEHEE	VICE PRESIDENT	2.0	Officer Director	$0	$0	$0
MRS HEATHER V MOORE	TREASURER	2.0	Officer Director	$0	$0	$0
MS STACEY IRVIN	SECRETARY	2.0	Officer Director	$0	$0	$0
BRIG GEN DAVID C WESLEY	DIRECTOR	2.0	Director	$0	$0	$0
DR CYNDY WELDON-LASSITER	DIRECTOR	2.0	Director	$0	$0	$0
DR VALAIDA WISE	DIRECTOR	2.0	Director	$0	$0	$0
MR JESSE GRAPES	DIRECTOR	2.0	Director	$0	$0	$0
MR JOHN KOWALIK	DIRECTOR	2.0	Director	$0	$0	$0
MR JOSH CHAPMAN	DIRECTOR	2.0	Director	$0	$0	$0
MR MASON LECKY	DIRECTOR	2.0	Director	$0	$0	$0
MR MIKE BARCLAY	DIRECTOR	2.0	Director	$0	$0	$0
MR SCOTT BAYTOSH	DIRECTOR	2.0	Director	$0	$0	$0
MR WILLIAM DARRIN III	DIRECTOR	2.0	Director	$0	$0	$0
MRS ASHLEY HARPER	DIRECTOR	2.0	Director	$0	$0	$0
Ms KAREN MOSCHETTO	DIRECTOR	2.0	Director	$0	$0	$0
MS BETSY A JOHNSON	EXECUTIVE DIRECTOR	40.0	Officer	$240,620	$42,559	$283,179

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
2025	$1,354,088	$1,194,982	$2,091,610	$159,106
2024	$1,288,807	$1,139,180	$2,083,007	$149,627
2023	$1,183,792	$1,180,926	$1,847,763	$2,866
2022	$1,019,624	$982,350	$1,521,580	$37,274
2021	$949,587	$896,490	$1,564,445	$53,097
2020	$1,088,217	$1,006,617	$1,400,028	$81,600
2019	$1,075,458	$1,017,330	$1,340,145	$58,128

Virginia Association of Independent Schools