VIRGINIA WINERIES ASSOCIATION

🔒

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

1983

Legal Domicile

Principal Officer

GEORGE HODSON

Phone

4349773716

Tax Period

2023-01-01 to 2023-12-31

VIRGINIA WINERIES ASSOCIATION, founded in 1983, is a small nonprofit that reported $535K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $483K left a modest 10% surplus.

Mission

THE ASSOCIATION CONDUCTS FESTIVALS, COMPETITIONS, AND OTHER EVENTS TO PROMOTE VIRGINIA WINES.

Program Service Accomplishments

Program 1

PROMOTING VIRGINIA WINE THROUGH FESTIVALS AND COMPETITIONS

Program 2

THE ASSOCIATION PROVIDES EDUCATION AND RESOURCE MATERIALS TO SUPPORT THE VIRGINIA WINE INDUSTRY.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $192,850

Program Service Revenue $331,307

Investment Income $0

Other Revenue $10,852

TOTAL REVENUE $535,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $483,129

TOTAL EXPENSES $483,129

Year-over-Year Comparison

	2023	2022	Change
Revenue	$535,009	$691,537	-0.2%
Expenses	$483,129	$668,889	-0.3%
Net Income	$51,880	$22,648	+1.3%

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

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
STEPHEN BARNARD	BOARD MEMBER	1.00	Director	$0	$0	$0
MITZI BATTERSON	TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER BREAUX	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ED COWDREY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE DRILLOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY FURROW-SCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE HODSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHANNON HORTON	BOARD MEMBER	1.00	Director	$0	$0	$0
LACEY HUBER	SECRETARY	1.00	Officer Director	$0	$0	$0
BEN JORDAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN ROSE	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL TRAVIS	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$535,009	$483,129	$461,088	$51,880
2022	$691,537	$668,889	$515,972	$22,648
2021	$602,392	$566,820	$547,298	$35,572
2020	$392,884	$408,487	$449,648	$-15,603
2019	$445,029	$405,072	$420,308	$39,957
2018	$403,628	$387,691	$415,530	$15,937