MILCOM SYSTEMS CORPORATION VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION

EIN: 541589569

VIRGINIA BEACH, VA

Total Revenue
$2,368,401
Total Expenses
$2,407,721
Total Assets
$8,489
Net Assets
$8,489
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
VA
Principal Officer
ALICIA R TOWNES
Phone
7574632800
Tax Period
2018-04-01 to 2019-03-31

MILCOM SYSTEMS CORPORATION VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION, founded in 1985, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2017.

Mission

PROVIDE GROUP HEALTH AND WELFARE BENEFITS.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,404,388
Investment Income $0
Other Revenue $-35,987
TOTAL REVENUE $2,368,401

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,275,172
Fundraising Expenses $0
Other Expenses $132,549
TOTAL EXPENSES $2,407,721

Year-over-Year Comparison

2018 2017 Change
Revenue $2,368,401 $3,250,209 -0.3%
Expenses $2,407,721 $3,296,833 -0.3%
Net Income $-39,320 $-46,624 -0.2%
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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Governance

Voting Members
N/A
Independent Members
N/A
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
1
$77,602
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GINA ASIEDU-OFEI HR ADMINISTRATION 30.00
Officer
$0 $7,602 $77,602
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
2019 $2,368,401 $2,407,721 $8,489 $-39,320
2018 $3,250,209 $3,296,833 $47,809 $-46,624
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