VIRGINIA ASSOC OF COMMUNITY SERVIC… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

JENNIFER FAISON

Phone

8043303141

Tax Period

2024-07-01 to 2025-06-30

VIRGINIA ASSOC OF COMMUNITY SERVICES BOARDS INC, founded in 1984, is a community nonprofit in the Mental Health sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $1.2M left a modest 12% surplus.

Mission

REPRESENTING LOCAL COMMUNITY SERVICE BOARDS

Program Service Accomplishments

Program 1

Expenses: $879,193 Revenue: $779,903

THE ASSOCIATION SPONSORS MEETINGS WHICH ARE FORUMS FOR THE EDUCATION AND DISCUSSION OF SERVICES NEEDED IN COMMUNITIES FOR MENTAL HEALTH, DEVELOPMENTAL DISABILITIES, AND SUBSTANCE USE DISORDERS...

THE ASSOCIATION SPONSORS MEETINGS WHICH ARE FORUMS FOR THE EDUCATION AND DISCUSSION OF SERVICES NEEDED IN COMMUNITIES FOR MENTAL HEALTH, DEVELOPMENTAL DISABILITIES, AND SUBSTANCE USE DISORDERS. MEETINGS PROVIDE CONTINUING EDUCATION OPPORTUNITIES FOR MEMBERS. THE ASSOCIATION PROVIDES INFORMATION AND STATISTICS REGARDING THE PREVALENCY OF MENTAL DISABILITIES AND GATHERS INFORMATION REGARDING SERVICES NEEDED. THIS MATERIAL IS FORMATTED FOR PUBLIC DISTRIBUTION AND EDUCATION. THE ASSOCIATION ADVOCATES IN THE STATE LEGISLATURE FOR COMMUNITY-BASED PROGRAMS AND SERVICES TO AID CITIZENS WITH MENTAL ILLNESS, DEVELOPMENTAL DISABILITIES AND SUBSTANCE USE DISORDERS AND TO EDUCATE THE PUBLIC OF THEIR NEEDS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $500,600

Program Service Revenue $779,903

Investment Income $58,465

Other Revenue $0

TOTAL REVENUE $1,338,968

Expense Breakdown

Grants Paid $0

Salaries & Benefits $466,516

Fundraising Expenses $0

Program Expenses $879,193

Other Expenses $711,884

TOTAL EXPENSES $1,178,400

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,338,968	$1,434,250	-0.1%
Expenses	$1,178,400	$1,185,548	0.0%
Net Income	$160,568	$248,702	-0.4%

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

$151,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK SOWERS	CHAIR	1.00	Officer Director	$0	$0	$0
GIB SLOAN	1ST VICE CHA	1.00	Officer Director	$0	$0	$0
INGRID BARBER	2ND VICE CHA	1.00	Officer Director	$0	$0	$0
STEPHANIE CLARK	SECRETARY	1.00	Officer Director	$0	$0	$0
ANGELO WIDER	PAST CHAIR	1.00	Director	$0	$0	$0
LAURA TOTTY	DIRECTOR	1.00	Director	$0	$0	$0
GREG PRESTON	DIRECTOR	1.00	Director	$0	$0	$0
PHIL CALDWELL	DIRECTOR	1.00	Director	$0	$0	$0
MIMI SEDJAT	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER FAISON	EXECUTIVE DI	40.00	Officer	$138,700	$13,100	$151,800
BERNETTA WATKINS	TREASURER	1.00	Officer Director	$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
2025	$1,338,968	$1,178,400	$2,469,328	$160,568
2024	$1,434,250	$1,185,548	$2,372,398	$248,702
2023	$1,155,498	$1,110,584	$1,866,317	$44,914
2022	$1,065,037	$1,036,686	$1,752,048	$28,351
2021	$961,136	$913,029	$1,702,759	$48,107
2020	$877,493	$915,552	$1,619,391	$-38,059
2019	$1,159,214	$1,041,768	$1,741,484	$117,446

VIRGINIA ASSOC OF COMMUNITY SERVICES BOARDS INC