VIRGINIA RESTAURANT LODGING TRAVEL… - 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

1993

Legal Domicile

Principal Officer

ERIC TERRY

Phone

8042883065

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA RESTAURANT LODGING TRAVEL ASSOCIATION, founded in 1993, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024.

Mission

CREATES VALUE FOR MEMBERS BY PROMOTING THE LEGISLATIVE INTERESTS OF THE INDUSTRY, NETWORKING, EDUCATIONAL OPPORTUNITIES, AND PROTECTING FREE ENTERPRISE.

Program Service Accomplishments

Program 1

Expenses: $1,258,099 Revenue: $437,637

PROVIDED INDUSTRY INFORMATION TO MEMBERS THROUGH MEETINGS & NEWSLETTERS, AS WELL AS FIELD TRAINING PROGRAMS & RESOURCES TO MEMBERS FOR COMPLIANCE WITH STATE REQUIREMENTS.

Program 2

Expenses: $145,688 Revenue: $83,691

PRESENTED MEMBERS' INTERESTS TO LEGISLATIVE OFFICALS & COMMUNICATED INDUSTRY CONCERNS TO LEGISLATIVE BODIES.

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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 $637,746

Program Service Revenue $521,328

Investment Income $5,264

Other Revenue $305,850

TOTAL REVENUE $1,470,188

Expense Breakdown

Grants Paid $0

Salaries & Benefits $760,115

Fundraising Expenses $0

Program Expenses $1,403,787

Other Expenses $766,423

TOTAL EXPENSES $1,526,538

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,470,188	$1,474,437	0.0%
Expenses	$1,526,538	$1,479,352	+0.0%
Net Income	$-56,350	$-4,915	+10.5%

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

Total Directors

Key Employees

$157,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONY STAFFORD	CHAIR	6.00	Officer Director	$0	$0	$0
MARY FUGERE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
PETE MADIGAN	SECRETARY	2.00	Officer Director	$0	$0	$0
CATHERINE FOX	TREASURER	2.00	Officer Director	$0	$0	$0
RUSS CRONBERG	IMMEDIATE PA	1.00	Director	$0	$0	$0
FRANK BRUNETTO	2ND PAST CHA	1.00	Director	$0	$0	$0
BRIAN WELLS	EXECUTIVE CO	1.00	Director	$0	$0	$0
PAUL KIRSCHBAUM	DIRECTOR AT	1.00	Director	$0	$0	$0
KURT KRAUSE	EXECUTIVE CO	1.00	Director	$0	$0	$0
STACY DAWKINS	ELECTED DIRE	1.00	Director	$0	$0	$0
BEN JOSEPH	ELECTED DIRE	1.00	Director	$0	$0	$0
LONNIE LAZEAR	ELECTED DIRE	1.00	Director	$0	$0	$0
ALYCIA SANDERS	ELECTED DIRE	1.00	Director	$0	$0	$0
HEIDI STONE	ELECTED DIRE	1.00	Director	$0	$0	$0
PATRICK EDWARDS	ELECTED DIRE	1.00	Director	$0	$0	$0
KATIE CAMPBELL	ELECTED DIRE	1.00	Director	$0	$0	$0
JOSH REICHERT	ELECTED DIRE	1.00	Director	$0	$0	$0
STEPHANIE VOUTSELAKOS	DIRECTOR AT	1.00	Director	$0	$0	$0
AMBER KOSTKA	EXECUTIVE CO	1.00	Director	$0	$0	$0
MIKE ROSE	DIRECTOR AT	1.00	Director	$0	$0	$0
JIM WOODSWORTH	EX-OFFICIO,	1.00	Director	$0	$0	$0
MICHAEL SAVVIDES	EX-OFFICIO,	N/A	Director	$0	$0	$0
WARREN TEATES	EX-OFFICIO,	1.00	Director	$0	$0	$0
KAL KASSIR	EX-OFFICIO,	1.00	Director	$0	$0	$0
TERRI HAACK	EX-OFFICIO,	1.00	Director	$0	$0	$0
JIM COPP	EX-OFFICIO,	1.00	Director	$0	$0	$0
ROBERT JEREMIAH	EX-OFFICIO,	1.00	Director	$0	$0	$0
CHICK JORDAN	EX-OFFICIO,	1.00	Director	$0	$0	$0
RHODA ELLIOTT	EX-OFFICIO,	1.00	Director	$0	$0	$0
JIMMY CAPPS	EX-OFFICIO,	1.00	Director	$0	$0	$0
DAVID GRIMM	EX-OFFICIO,	1.00	Director	$0	$0	$0
HUGH BARTON	EX-OFFICIO,	1.00	Director	$0	$0	$0
BILL DILLON	EX-OFFICIO,	1.00	Director	$0	$0	$0
GRAEME BISDEE	EX-OFFICIO,	1.00	Director	$0	$0	$0
JULIE ALLEN	EX-OFFICIO,	1.00	Director	$0	$0	$0
GARY BARLOW	EX-OFFICIO,	1.00	Director	$0	$0	$0
CHRISTOPHER SAVVIDES	EX-OFFICIO,	1.00	Director	$0	$0	$0
JENIFER JACKSON	EX-OFFICIO,	1.00	Director	$0	$0	$0
OWEN MATTHEWS	EX-OFFICIO,	1.00	Director	$0	$0	$0
DEBBIE DONEHY	EX-OFFICIO,	1.00	Director	$0	$0	$0
RANDY THOMPSON	EX-OFFICIO,	1.00	Director	$0	$0	$0
BRAD CAPPS	EX-OFFICIO,	1.00	Director	$0	$0	$0
BARRY BIGGAR	EX-OFFICIO,	1.00	Director	$0	$0	$0
GARY COHEN	EX-OFFICIO,	1.00	Director	$0	$0	$0
BETH ERICKSON	EX-OFFICIO,	1.00	Director	$0	$0	$0
RITA MCCLENNY	EX-OFFICIO,	1.00	Director	$0	$0	$0
MARK CARRIER	EX-OFFICIO,	1.00	Director	$0	$0	$0
NAV PATEL	EX-OFFICIO,	1.00	Director	$0	$0	$0
ERIC TERRY	PRESIDENT	40.00	Key Emp	$157,500	$0	$157,500
BRITTANY WOJDYLA	VP OF MEMBER	40.00	Highest	$117,604	$0	$117,604

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	$1,470,188	$1,526,538	$377,763	$-56,350
2023	$1,474,437	$1,479,352	$325,081	$-4,915
2022	$1,514,879	$1,444,379	$349,457	$70,500
2021	$1,425,484	$1,337,043	$267,372	$88,441
2020	$944,708	$924,687	$199,202	$20,021
2019	$1,204,465	$1,172,670	$216,452	$31,795
2018	$1,149,494	$1,101,099	$175,832	$48,395

VIRGINIA RESTAURANT LODGING TRAVEL ASSOCIATION