Virginia Land Title Association Inc

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Phone

8005648582

Tax Period

2024-01-01 to 2024-12-31

Virginia Land Title Association Inc, founded in 1974, is a small nonprofit that reported $386K in total revenue in fiscal year 2024. Expenses of $462K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROMOTE THE SAFE AND EFFICIENT TRANSFER OF OWNERSHIP INTEREST IN REAL PROPERTY; TO PROVIDE INFORMATION, EDUCATION AND ASSISTANCE TO CONSUMERS, REGULATORS, LEGISLATORS, MEMBERS AND AFFILIATED ASSOCIATIONS; TO MAINTAIN LIAISON WITH THE USERS OF THE PRODUCTS AND SERVICES AND THE GOVERNMENT; AND, TO MAINTAIN PROFESSIONAL STANDARDS AND ETHICS.

Program Service Accomplishments

Program 1

PROVIDED ONE CONFERENCE along with REGIONAL EDUCATION and virtual training opportunities DURING THE YEAR TO MEMBERS, FOR THE PURPOSE OF EDUCATING MEMBERS AND PROMOTING THE EXCHANGE OF INFORMATION IN...

Program 2

PROVIDED VARIOUS CONTINUING EDUCATION PROGRAMS TO PROFESSIONALS IN THE LAND TITLE INDUSTRY, AND PRE-LICENSING COURSES TO PROSPECTIVE PROFESSIONALS IN INDUSTRY.

Program 3

PREPARED AND DISTRIBUTED NEWSLETTERS AND MAGAZINES TO ITS MEMBERS, PROVIDING INFORMATION RELATING TO THE PROFESSION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $359,470

Investment Income $26,121

Other Revenue $228

TOTAL REVENUE $385,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $461,816

TOTAL EXPENSES $461,816

Year-over-Year Comparison

	2024	2023	Change
Revenue	$385,819	$395,655	0.0%
Expenses	$461,816	$344,216	+0.3%
Net Income	$-75,997	$51,439	-2.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sharron Kennovin	President-Elect	2.00	Officer Director	$0	$0	$0
Stephanie Vermillion	Director	3.00	Director	$0	$0	$0
John Mashack	Director	4.00	Director	$0	$0	$0
Charley Gates	Treasurer	2.00	Officer Director	$0	$0	$0
Dale Shoop	Secretary	2.00	Officer Director	$0	$0	$0
Rebecca Taylor	President	4.00	Officer Director	$0	$0	$0
Jen Skrabak	Director	2.00	Director	$0	$0	$0
Michael Polychrones	Director	1.00	Director	$0	$0	$0
Stephanie Armstrong	Past President	5.00	Officer Director	$0	$0	$0
Stephanie Campbell	Director	1.00	Director	$0	$0	$0
Gary Fuller	Director	1.00	Director	$0	$0	$0
Matt Lindner	Director	4.00	Director	$0	$0	$0
Jerry Booth	Director	1.00	Director	$0	$0	$0
Jon Brodegard	Director	1.00	Director	$0	$0	$0
Elaine Cook	Director	1.00	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	$385,819	$461,816	$503,814	$-75,997
2023	$395,655	$344,216	$579,811	$51,439
2022	$392,418	$316,042	$528,372	$76,376
2021	$422,874	$280,719	$451,996	$142,155
2020	$368,357	$236,453	$309,841	$131,904
2019	$319,405	$307,091	$177,937	$12,314
2018	$277,768	$301,191	$167,113	$-23,423