VIRGINIA ECONOMIC DEVELOPERS ASSOCI

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

CONNIE LONG

Phone

7574122664

Tax Period

2025-01-01 to 2025-12-31

VIRGINIA ECONOMIC DEVELOPERS ASSOCI, founded in 1982, is a small nonprofit that reported $828K in total revenue in fiscal year 2025. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $742K left a modest 10% surplus.

Mission

SHAPES ECONOMIC DEVELOPMENT PUBLIC POLICY AND A PRIMARY SOURCE OF STRONG AND EFFECTIVE EDUCATION AND NETWORKING FOR ECONOMIC DEVELOPMENT PROFESSIONALS.

Program Service Accomplishments

Program 1

Expenses: $665,998 Revenue: $819,880

CONFERENCES, SEMINARS, AND TRAINING PROGRAMS PROVIDED TO MEMBERS FOR THE PURPOSE OF INCREASING THE EFFECTIVENESS OF ECONOMIC DEVELOPERS

Program 2

Expenses: $8,029

SCHOLARSHIPS TO THE ECONOMIC DEVELOPMENT INSTITUTE COVERING COSTS OF TUITION AND BOOKS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $819,880

Investment Income $48

Other Revenue $8,395

TOTAL REVENUE $828,323

Expense Breakdown

Grants Paid $8,029

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $674,027

Other Expenses $734,402

TOTAL EXPENSES $742,431

Year-over-Year Comparison

	2025	2024	Change
Revenue	$828,323	$636,207	+0.3%
Expenses	$742,431	$640,688	+0.2%
Net Income	$85,892	$-4,481	-20.2%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

300

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
PAM ARMSTRONG	DIRECTOR	N/A	Director	$0	$0	$0
EBONIE ATKINS	DIRECTOR	N/A	Director	$0	$0	$0
REBEKAH CASTLE	DIRECTOR	N/A	Director	$0	$0	$0
JAMIE GILLESPIE	DIRECTOR	N/A	Director	$0	$0	$0
LINDA GREEN	IMM PAST PRE	5.00	Officer Director	$0	$0	$0
GARRETT HART	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
GREGORY HITCHIN	PRESIDENT	5.00	Officer Director	$0	$0	$0
TOI HUNTER	SECRETARY	5.00	Officer Director	$0	$0	$0
MATTHEW JOHNSON	TREASURER	5.00	Officer Director	$0	$0	$0
CONNIE LONG	EXECUTIVE DI	30.00	Officer Director	$0	$0	$0
MARIAN MARQUEZ	DIRECTOR	N/A	Director	$0	$0	$0
JOHN MATTHEWS	DIRECTOR	N/A	Director	$0	$0	$0
LEONARD SLEDGE	DIRECTOR	N/A	Director	$0	$0	$0
NICOLE TALTON	DIRECTOR	N/A	Director	$0	$0	$0
RYAN TOUHILL	DIRECTOR	N/A	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	$828,323	$742,431	$471,488	$85,892
2024	$636,207	$640,688	$383,637	$-4,481
2023	$789,572	$762,192	$388,394	$27,380
2022	$478,352	$415,623	$361,518	$62,729
2021	$295,772	$291,683	$303,493	$4,089
2020	$320,084	$255,868	$292,965	$64,216
2019	$456,789	$399,955	$228,749	$56,834
2018	$287,079	$289,124	$171,915	$-2,045