VIRGINIA ACADEMY OF PHYSICIAN ASSI… - 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

Legal Domicile

Principal Officer

DEVON POSSANZA

Phone

4349773716

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA ACADEMY OF PHYSICIAN ASSISTANTS is a small nonprofit that reported $287K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

THE OBJECTIVES OF THE VIRGINIA ACADEMY OF PHYSICIAN ASSISTANTS (VAPA) ARE TO ENHANCE THE QUALITY OF MEDICAL CARE AVAILABLE TO THE PUBLIC, PROVIDE CONTINUING EDUCATION TO PHYSICIAN ASSISTANTS, REPRESENT ITS MEMBERS AND PROFESSION BEFORE THE COMMONWEALTH BOARD OF MEDICINE AND DEPARTMENT OF HEALTH PROFESSIONS, AND PROMOTE THE PHYSICIAN ASSISTANT PROFESSION IN AND THROUGHOUT THE COMMONWEALTH OF VIRGINIA.

Program Service Accomplishments

Program 1

THE ACADEMY CONDUCTS CONTINUING MEDICAL EDUCATION FOR ITS MEMBERS AND NON- MEMBERS.

Program 2

THE ACADEMY PROVIDES COMMUNICATION TO PHYSICIAN ASSISTANTS, THE PUBLIC, AND GOVERNMENT OFFICIALS THROUGH MEETINGS, MAILINGS, ELECTRONIC COMMUNICATIONS, PUBLICATIONS, AND DIRECT CONTACT.

Program 3

THE ACADEMY PROMOTES THE PHYSICIAN ASSISTANT PROFESSION, AND ITS ACTIVITIES PERTAIN TO EDUCATION AND ADVOCACY FOR BOTH MEMBERS AND THE PUBLIC.

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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 $0

Program Service Revenue $266,657

Investment Income $20,321

Other Revenue $0

TOTAL REVENUE $286,978

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $294,228

TOTAL EXPENSES $294,228

Year-over-Year Comparison

	2024	2023	Change
Revenue	$286,978	$308,318	-0.1%
Expenses	$294,228	$287,960	+0.0%
Net Income	$-7,250	$20,358	-1.4%

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

N/A

Volunteers

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
JENNA ROLFS	PRESIDENT	2.00	Officer Director	$0	$0	$0
BOBBY COCKRAM	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MELISSA SHAFFRON	SECRETARY	2.00	Officer Director	$0	$0	$0
BLAKE ROGERS	TREASURER	2.00	Officer Director	$0	$0	$0
SARA NICELY	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
MATTHEW BOWLES	DIRECTOR	2.00	Director	$0	$0	$0
JOSHUA DETRICK	DIRECTOR	2.00	Director	$0	$0	$0
KIM KETCHERSID	DIRECTOR	2.00	Director	$0	$0	$0
EMILY WALLER	DIRECTOR	2.00	Director	$0	$0	$0
ALICIA ROKICKI	DIRECTOR	2.00	Director	$0	$0	$0
KIMBERLY SAPRE	DIRECTOR	2.00	Director	$0	$0	$0
OLIVIA KALAFIAN	DIRECTOR	2.00	Director	$0	$0	$0
ALEXANDER PATTON	DIRECTOR	2.00	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	$286,978	$294,228	$458,374	$-7,250
2023	$308,318	$287,960	$461,638	$20,358
2022	$267,127	$327,482	$385,373	$-60,355
2021	$248,636	$265,501	$507,491	$-16,865
2020	$142,062	$169,531	$485,431	$-27,469
2019	$303,349	$317,770	$481,566	$-14,421
2018	$302,119	$292,288	$454,398	$9,831

VIRGINIA ACADEMY OF PHYSICIAN ASSISTANTS