VIRGINIA MORTICIANS ASSOCIATION INC (EIN 541140107) - 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

1950

Legal Domicile

Principal Officer

MICHAEL C HAMLAR

Phone

8049319483

Tax Period

2024-05-01 to 2024-12-31

THE VIRGINIA MORTICIAN ASSOCIATION INC, founded in 1950, is a small nonprofit in the Community Improvement sector that reported $126K in total revenue in fiscal year 2019. Revenue decreased 14% compared to the prior year. Expenses of $120K left a modest 5% surplus.

Mission

THE MISSION IS TO ADVANCE THE BLACK FUNERAL SEVICE PROFESSION IN AREAS OF EDUCATION, BUSINESS ACCESS AND COMMUNITY AFFAIRS, ALL WHILE ENSURING FAIRNESS AND EQUALITY TO ALL LICENSED PROVIDERS REGARDLESS OF COLOR.

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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 $44,169

Program Service Revenue $3,976

Investment Income $80,373

Other Revenue $45,509

TOTAL REVENUE $174,027

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $85,111

Other Expenses $153,043

TOTAL EXPENSES $154,043

Year-over-Year Comparison

	2024	2023	Change
Revenue	$174,027	N/A	N/A
Expenses	$154,043	N/A	N/A
Net Income	$19,984	N/A	N/A

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

111

Independent Members

111

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL C HAMLAR	CHAIRMAN OF THE BOARD	5.00	Officer Director	$0	$0	$0
BARRY D ROBINSON	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
ANTONIO A L L TUCKER	PRESIDENT	5.00	Officer Director	$0	$0	$0
SHENAE COOPER A DRUMMOND Sr	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
JANET C A STEPHENS Sr	FIRST VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SAMUEL RHUE	TREASURER	5.00	Officer Director	$0	$0	$0
RONALD KEYS A M PLEASANT SR	ASST TREASURER	2.00	Officer Director	$0	$0	$0
SANDRA M D HAIRSTON	BOARD SECRETARY	5.00	Officer Director	$0	$0	$0
TYRONE JACKSON JR	SECOND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY J G FIELDS Sr	GENERAL SECRETARY	1.00	Officer	$0	$0	$0
MONEK K C WASHINGTON	ASST GENERAL SECTY	1.00	Officer	$0	$0	$0
STEVE J FELTON SR	CHAPLAIN	1.00	Officer	$0	$0	$0
ARNOLD C K GROOMS	SERGEANT AT ARMS	1.00	Officer	$0	$0	$0
LILLIE FEGGINS BOONE	PARLIAMENTARIAN	1.00	Officer	$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	$174,027	$154,043	$762,137	$19,984
2023	$174,919	$119,531	$662,575	$55,388
2023	$153,474	$144,597	$726,788	$8,877
2022	$51,574	$64,750	$591,672	$-13,176
2020	$126,108	$120,129	$482,782	$5,979

VIRGINIA MORTICIANS ASSOCIATION INC