VIRGINIA COMMUNITY COLLEGES ASSOCIATION

EIN: 541230446

Lynchburg, VA

Total Revenue
$99,841
Total Expenses
$142,811
Total Assets
$22,865
Net Assets
$22,865
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
VA
Principal Officer
Catherine Rice
Phone
4348327292
Tax Period
2023-01-01 to 2023-12-31

VIRGINIA COMMUNITY COLLEGES ASSOCIATION, founded in 1982, is a micro nonprofit that reported $100K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $143K exceeded revenue, resulting in a 43% operating deficit.

Mission

To enrich community college education primarily through professional development activities by: fostering a climate of professional development and growth and providing a medium of exchange of information, issues, opportunities encouraging the climate of excellence in the delivery of teaching and learning in higher education.

Program Service Accomplishments

Program 1
Expenses: $25,897 Revenue: $80,701

Executive Committee Board Meetings/Web Page Design and Maintenance/On-line Payment Fees: The Executive Committee meets at least quarterly to facilitate the business of the association and to plan and...

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Executive Committee Board Meetings/Web Page Design and Maintenance/On-line Payment Fees: The Executive Committee meets at least quarterly to facilitate the business of the association and to plan and execute the annual conference. To discuss and approve new business of the association. The association incurs expenses for the design and maintenance of the association's webpage. Fees for on-line payments made by the membership and other interested parties, for booth rental to recruit membership. The association maintains a checking account with the local bank which earns interest monthly. Income received is from conference registrations, vendor fees, donations, individual membership dues, institutional dues, professional development reimbursement from the Chancellor's budget and for overpayment. Other income is from basket raffle for which the proceeds are donated to a local charity each year.

Program 2
Expenses: $0 Revenue: $0

Commission Workshops: Each commission has a special focus and elected officers partake in the planning and executing of professional development of all members of the commission. The commissions are...

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Commission Workshops: Each commission has a special focus and elected officers partake in the planning and executing of professional development of all members of the commission. The commissions are: Black Concerns, Faculty Instructional Affairs, Learning Resources, Public Relations and Marketing, Student Services, Support Staff and Diversity Inclusion. The association sets aside budget money for each commission to apply for a grant to assist in defraying their expenses for their planned activities. Their expenses include supplies, site expenses, professional development grants for speaker fees and expenses. Their income from registration fees, vendor fees and donations in sponsorship of the activity.

Program 3
Expenses: $116,914 Revenue: $0

Annual Conference supplies/Remembrances/Refunds/Awards/Scholarships to members/Donations to Charity/Cash for Change at Conference: The association holds their annual conference in the fall each year...

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Annual Conference supplies/Remembrances/Refunds/Awards/Scholarships to members/Donations to Charity/Cash for Change at Conference: The association holds their annual conference in the fall each year which provides the membership the opportunity for professional development activities with their peers across the State of Virginia. Members network and communicate on subjects ranging from broad philosophical issues and more pragmatic aspects of educational programs and services of the Virginia Community College System. The annual conference is held at a conference center for three days, guest speakers are hired and concurrent sessions. Presenters are recruited to share professional development ideas. The association budgets funds for grant proposals by the membership to help fray expenses for speakers. The association's expenses include supplies, remembrance gifts to outgoing president, refunds for cancellations or overpayments, for meeting room charges, incentive attendees packets, honorariums, for site expenses and meals during the conference, scholarship to staff and faculty members to attend statewide professional development opportunities.

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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 $79,544
Program Service Revenue $20,297
Investment Income $0
Other Revenue $0
TOTAL REVENUE $99,841

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $142,811
Other Expenses $142,811
TOTAL EXPENSES $142,811

Year-over-Year Comparison

2023 2022 Change
Revenue $99,841 $71,727 +0.4%
Expenses $142,811 $92,964 +0.5%
Net Income $-42,970 $-21,237 +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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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
Volunteers
20

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
13
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Wanda Davis-Alves Past President/Grants & Marketing 0
Officer
$0 $0 $0
Donna Minnich President 0
Officer
$0 $0 $0
Lisa Shifflet McDaniel President Elect 0
Officer
$0 $0 $0
Barbara Vinson-Ratliff Member-at-Large, Eastern Region 0
Officer
$0 $0 $0
Catherine Rice Treasurer 0
Officer
$0 $0 $0
Sherice Paige Member-at-Large Central Region 0
Officer
$0 $0 $0
Christine Pauly Parliamentarian 0
Officer
$0 $0 $0
Winona Jenkins Member-at-Large Northern Region 0
Officer
$0 $0 $0
Peggy Manuelito Secretary/Historian/Concurrent Sessions Coordinator 0
Officer
$0 $0 $0
Karen Todd Marketing & Public Relations Coordinator 0
Officer
$0 $0 $0
Susan Simmers Member-at-Large Western Region 0
Officer
$0 $0 $0
Marilyn Freeman Fundraising Coordinator 0
Officer
$0 $0 $0
Theresa Thomas Web Coordinator 0
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 No data No data No data No data
2023 $99,841 $142,811 $22,865 $-42,970
2022 $71,727 $92,964 $65,835 $-21,237
2021 $37,066 $14,284 $87,072 $22,782
2020 $23,876 $12,728 $64,290 $11,148
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