VIRGINIA ASSOCIATION OF COMMUNITY BANKS (EIN 541094907) - 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

1977

Legal Domicile

Principal Officer

COREY CONNORS

Phone

8046738250

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA ASSOCIATION OF COMMUNITY BANKS, founded in 1977, is a small nonprofit that reported $700K in total revenue in fiscal year 2018. Revenue decreased 11% compared to the prior year.

Mission

TO PROVIDE UNDILUTED ADVOCACY, TARGETED EDUCATION AND QUALITY COLLABORATION FOR VIRGINIA'S COMMUNITY BANKS.

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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 $84,582

Program Service Revenue $545,367

Investment Income $35,784

Other Revenue $139,669

TOTAL REVENUE $805,402

Expense Breakdown

Grants Paid $0

Salaries & Benefits $473,825

Fundraising Expenses $0

Other Expenses $425,969

TOTAL EXPENSES $899,794

Year-over-Year Comparison

	2024	2023	Change
Revenue	$805,402	$727,075	+0.1%
Expenses	$899,794	$777,561	+0.2%
Net Income	$-94,392	$-50,486	+0.9%

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

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

$242,612

Total Directors

$58,625

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COREY J CONNORS	PRESIDENT & CEO (BEG OCT 2024)	40.00	Officer Director	$58,625	$0	$58,625
BLAKE M EDWARDS JR	ICBA DELEGATE	1.00	Officer Director	$0	$0	$0
JOSEPH R WITT	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
DABNEY TP GILLIAM JR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LISA E KILGOUR	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
TARA Y HARRISON	CHAIRMAN	3.00	Officer Director	$0	$0	$0
LEANNE R EMERT	DIRECTOR	1.00	Director	$0	$0	$0
CETRIC A GAYLES	DIRECTOR	1.00	Director	$0	$0	$0
AARON S GREEN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES E HENDRICKS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT J HOBBS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL M MYLUM	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS L RASEY JR	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW H STEILBERG	DIRECTOR	1.00	Director	$0	$0	$0
MARK N REED	DIRECTOR	1.00	Director	$0	$0	$0
STEVE YEAKEL	PRESIDENT & CEO (THRU DEC 2024)	40.00	Officer	$183,987	$0	$183,987

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	$805,402	$899,794	$471,124	$-94,392
2023	$727,075	$777,561	$597,629	$-50,486
2022	$695,274	$718,540	$656,040	$-23,266
2021	$685,296	$660,046	$578,843	$25,250
2020	$613,601	$629,147	$552,837	$-15,546
2019	$709,085	$750,793	$593,443	$-41,708
2018	$700,000	$737,885	$678,256	$-37,885

VIRGINIA ASSOCIATION OF COMMUNITY BANKS