VIRGINIA CHIROPRACTIC ASSOCIATION INC (EIN 541433173) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1925

Legal Domicile

Principal Officer

DR MICHELLE ROSE

Phone

5409323100

Tax Period

2023-01-01 to 2023-12-31

VIRGINIA CHIROPRACTIC ASSOCIATION INC, founded in 1925, is a small nonprofit that reported $518K in total revenue in fiscal year 2018. Revenue decreased 12% compared to the prior year.

Mission

THIS ASSOCIATION IS THE ADVOCATE FOR THE CHIROPRACTIC PROFESSION IN VIRGINIA. ITS MISSION IS TO PROTECT THE PHILOSOPHY, SCIENCE AND ART OF CHIROPRACTIC AND THE PROFESSIONAL EDUCATION OF ITS MEMBERS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $33,724

Program Service Revenue $511,273

Investment Income $7,407

Other Revenue $18,342

TOTAL REVENUE $570,746

Expense Breakdown

Grants Paid $10,360

Salaries & Benefits $360,287

Fundraising Expenses $0

Other Expenses $250,083

TOTAL EXPENSES $620,730

Year-over-Year Comparison

	2023	2022	Change
Revenue	$570,746	$583,655	0.0%
Expenses	$620,730	$640,914	0.0%
Net Income	$-49,984	$-57,259	-0.1%

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

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

$116,523

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE K CONNOLLY	TAX OFFICER/	46.28	Officer	$107,449	$9,074	$116,523
DR MICHELLE ROSE	PRESIDENT	9.23	Officer	$0	$0	$0
DR CHRISTOPHER PERRON	PAST PRESIDE	2.31	Officer	$0	$0	$0
DR ROBERT PINTO	VICE - PRESI	3.69	Officer	$0	$0	$0
DR CARLY S SWIFT	SECRETARY	2.31	Officer	$0	$0	$0
DR TAYLOR MYERS	TREASURER	2.77	Officer	$0	$0	$0
DR LISA WILLIAMS	DISTRICT DIR	1.15	Director	$0	$0	$0
DR SHAWN D KEEGAN	DISTRICT DIR	0.69	Director	$0	$0	$0
DR AARON TROCHIM	DISTRICT DIR	1.85	Director	$0	$0	$0
DR ERIC R CARLSEN	DISTRICT DIR	0.58	Director	$0	$0	$0
DR CHRISTINE FALLWELL	DISTRICT DIR	0.92	Director	$0	$0	$0
DR CHRISTOPHER C VIRUSKY	DISTRICT DIR	1.38	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	$570,746	$620,730	$212,226	$-49,984
2022	$583,655	$640,914	$262,466	$-57,259
2021	$604,697	$558,816	$321,305	$45,881
2020	$487,699	$399,410	$272,004	$88,289
2019	$622,962	$564,508	$186,070	$58,454
2018	$517,812	$520,902	$136,493	$-3,090

VIRGINIA CHIROPRACTIC ASSOCIATION INC