RICHMOND, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VIRGINIA ASSOCIATION OF COMMUNITY BANKS, founded in 1977, is a small nonprofit that reported $805K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $900K exceeded revenue, resulting in a 12% operating deficit.
TO PROVIDE UNDILUTED ADVOCACY, TARGETED EDUCATION AND QUALITY COLLABORATION FOR VIRGINIA'S COMMUNITY BANKS.
A. ADVOCACY AND MEMBERSHIP - VACB CONDUCTED PROGRAMS AND REPRESENTED THE INTERESTS OF ACTIVE AND ASSOCIATE MEMBERS IN 2024. PROGRAMS PROMOTED INDEPENDENT COMMUNITY BANKING WHILE HELPING MEMBERS...
A. ADVOCACY AND MEMBERSHIP - VACB CONDUCTED PROGRAMS AND REPRESENTED THE INTERESTS OF ACTIVE AND ASSOCIATE MEMBERS IN 2024. PROGRAMS PROMOTED INDEPENDENT COMMUNITY BANKING WHILE HELPING MEMBERS COMPETE AND OBTAIN OPERATIONAL EFFICIENCY.
B. EDUCATION AND SEMINARS - VACB PROVIDED SEMINARS AND WEBINARS ON AREAS OF BANKING COMPLIANCE, REGULATION AND BANKING OPERATIONS.
C. ANNUAL MEETING - VACB PROVIDED MEMBERS AND OTHERS ASSOCIATED WITH COMMUNITY BANKS WITH OPPORTUNITIES TO LEARN ABOUT NEW PRODUCTS, SHARE IDEAS, AND CONDUCTED THE ANNUAL BUSINESS OF THE ORGANIZATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare VIRGINIA ASSOCIATION OF COMMUNITY BANKS with other nonprofits in Virginia and across the country.