VIRGINIA ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS

EIN: 541285542

BLACKSBURG, VA

Total Revenue
$65,575
Total Expenses
$32,510
Total Assets
$325,070
Net Assets
$291,000
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
VA
Principal Officer
HEATHER HOLLANDSWORTH
Phone
8882581972
Tax Period
2019-07-01 to 2020-06-30

VIRGINIA ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS, founded in 1968, is a micro nonprofit that reported $66K in total revenue in fiscal year 2019. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $33K, a strong 50% operating margin.

Mission

To maintain an organization that promotes the professional growth and collaboration of our members in order to fairly serve the needs of students, families, and institutions in secondary educational goals.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $13,995
Program Service Revenue $49,845
Investment Income $1,735
Other Revenue $0
TOTAL REVENUE $65,575

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $17,066
Other Expenses $32,510
TOTAL EXPENSES $32,510

Year-over-Year Comparison

2019 2018 Change
Revenue $65,575 $98,588 -0.3%
Expenses $32,510 $78,789 -0.6%
Net Income $33,065 $19,799 +0.7%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
75
Independent Members
75
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joan Zanders PRESIDENT 006.00
Director
$0 $0 $0
Tawana French TREASURER 008.00
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
2020 $65,575 $32,510 $325,070 $33,065
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