VIRGINIA BEACH POLICEMENS BENEFIT … - 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

1989

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

VIRGINIA BEACH POLICEMENS BENEFIT ASSOCIATION, founded in 1989, is a small nonprofit that reported $215K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $237K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE PURPOSE OF THE VIRGINIA BEACH POLICEMENS BENEVOLENT ASSOCITION IS TO ORGANIZE, ON A LOCAL BASES, EMPLOYEES ENGAGED IN LAW ENFORCEMENT IN THE VIRGINIA BEACH POLICE DEPARTMENT AND PROVIDE MUTUAL PROTECTION AND ADVANCEMENT OF THE INTERESTS AND GENERAL WELFARE OF ITS MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $236,818 Revenue: $214,974

THE VIRGINIA BEACH POLICEMENS BENEVOLENT ASSOCIATION WORKED TO CARRY OUT THE FOLLOWING OBJECTIVES: TO SECURE JUST COMPENSATION FOR THEIR SERVICES AND EQUITABLE SETTLEMENT OF THEIR GRIEVANCES; TO...

THE VIRGINIA BEACH POLICEMENS BENEVOLENT ASSOCIATION WORKED TO CARRY OUT THE FOLLOWING OBJECTIVES: TO SECURE JUST COMPENSATION FOR THEIR SERVICES AND EQUITABLE SETTLEMENT OF THEIR GRIEVANCES; TO PROMOTE THE ESTABLISHMENT OF JUST AND REASONABLE WORKING CONDITIONS; TO PROVIDE LEGAL REPESENTATION FOR ACTIONS THAT OCCURRED WHILE ACTING UNDER THE COLOR OF LAW; TO INCREASE THE MEMBERS SKILL AND EFFICIENCY; TO PROMOTE HARMONY BETWEEN ITS MEMBERS AND THEIR EMPLOYERS; TO FOSTER IMPROVED HEALTH, RETIREMENT, DISABILITY, INJURY AND DEATH BENEFIT PROGRAMS; TO ENCOURAGE IMPROVED METHODS OF LAW ENFORCEMENT, LABOR RELATIONS AND LABOR/MANAGEMENT COOPERATION; AND TO CULTIVATE FRIENDSHIP AND FELLOWSHIP AMONG ITS MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $211,962

Program Service Revenue $0

Investment Income $3,012

Other Revenue $0

TOTAL REVENUE $214,974

Expense Breakdown

Grants Paid $16,736

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $236,818

Other Expenses $156,845

TOTAL EXPENSES $236,818

Year-over-Year Comparison

	2023	2022	Change
Revenue	$214,974	$284,562	-0.2%
Expenses	$236,818	$284,236	-0.2%
Net Income	$-21,844	$326	-68.0%

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
AARON DOVE	PRESIDENT	0.20	Officer	$0	$0	$0
ERIC BEAVER	TREASURER	0.20	Officer	$0	$0	$0
BRIAN LUCIAN	OFFICER	0.20	Officer	$0	$0	$0
WILL AHERN	VICE PRESIDENT	0.20	Officer	$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
2023	$214,974	$236,818	$452,071	$-21,844
2022	$284,562	$284,236	$462,692	$326
2021	$186,252	$207,404	$473,175	$-21,152
2020	$306,749	$344,787	$480,558	$-38,038
2019	$159,907	$178,906	$515,686	$-18,999
2018	$176,367	$208,679	$453,119	$-32,312

VIRGINIA BEACH POLICEMENS BENEFIT ASSOCIATION