VIRGINIA SOCIETY FOR TECHNOLOGY IN… - 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

1986

Legal Domicile

Principal Officer

ASHLEY N CLARKE

Phone

8049258783

Tax Period

2022-07-01 to 2023-06-30

VIRGINIA SOCIETY FOR TECHNOLOGY IN EDUCATION, founded in 1986, is a small nonprofit in the Education sector that reported $674K in total revenue in fiscal year 2022. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $126K, a strong 19% operating margin.

Mission

THE MISSION OF THE VIRGINIA SOCIETY FOR TECHNOLOGY IN EDUCATION IS TO PROMOTE EXCELLENCE IN EDUCATION THROUGH PROFESSIONAL DEVELOPMENT ENDEAVORS SUPPORTING THE INTEGRATION OF EXISTING AND EMERGING TECHNOLOGIES.

Program Service Accomplishments

Program 1

Expenses: $452,380 Revenue: $556,986

VSTE ANNUAL CONFERENCE: EACH FALL VSTE SPONSORS THE ONLY STATEWIDE TECHNOLOGY CONFERENCE IN VIRGINIA. IN THE TWO AND A HALF DAY CONFERENCE, VSTE PROVIDES OVER 100 CONCURRENT SESSIONS, EXHIBITORS, AND INFORMATION ON STATE OF THE ART OPPORTUNITIES IN EDUCATION TO OVER 750 ATTENDEES. THE ANNUAL CONFERENCE INCLUDES THE EDUCATIONAL TECHNOLOGY LEADERSHIP INSTITUTE.

Program 2

Expenses: $67,786 Revenue: $111,740

VSTE NONCONFERENCE EVENTS: EACH YEAR VSTE HOLDS SINGLE DAY WORKSHOPS AND MINI-CONFERENCES THROUGHOUT THE STATE TO PROMOTE CUTTING EDGE TECHNOLOGY IN EDUCATION. SPONSORS PROVIDE SUPPORT FOR ALL OF...

VSTE NONCONFERENCE EVENTS: EACH YEAR VSTE HOLDS SINGLE DAY WORKSHOPS AND MINI-CONFERENCES THROUGHOUT THE STATE TO PROMOTE CUTTING EDGE TECHNOLOGY IN EDUCATION. SPONSORS PROVIDE SUPPORT FOR ALL OF THESE PROGRAMS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $668,726

Investment Income $3,307

Other Revenue $1,490

TOTAL REVENUE $673,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,758

Fundraising Expenses $0

Program Expenses $520,166

Other Expenses $496,209

TOTAL EXPENSES $547,967

Year-over-Year Comparison

	2022	2021	Change
Revenue	$673,523	$432,708	+0.6%
Expenses	$547,967	$496,669	+0.1%
Net Income	$125,556	$-63,961	-3.0%

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

$51,758

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROD CARNILL	EXECUTIVE DIRECTOR	25.00	Officer	$24,250	$0	$24,250
ASHLEY CLARKE	ASSISTANT TO THE DIRECTOR	25.00	Officer	$20,633	$0	$20,633
PATRICK HAUSAMMAN	MANAGER	5.00	Officer	$6,875	$0	$6,875
HEATHER ASKEA	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JOY MCDONALD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PATRICK HAUSAMMANN	TREASURER	1.00	Officer Director	$0	$0	$0
MARGARET SISLER	SECRETARY	1.00	Officer Director	$0	$0	$0
CHANEL ALFORD-CAMPBELL	DIRECTOR	0.25	Director	$0	$0	$0
MATT CARATACHEA	DIRECTOR	0.25	Director	$0	$0	$0
TINA COFFEY	DIRECTOR	0.25	Director	$0	$0	$0
LYNMARA COLON	DIRECTOR	0.25	Director	$0	$0	$0
ERIN DANIEL	DIRECTOR	0.25	Director	$0	$0	$0
FARA FAUST	DIRECTOR	0.25	Director	$0	$0	$0
CALYPSO GILSTRAP	DIRECTOR	0.25	Director	$0	$0	$0
DANI HALL	DIRECTOR	0.25	Director	$0	$0	$0
EMILY HELLER	DIRECTOR	0.25	Director	$0	$0	$0
SCOTT KISER	DIRECTOR	0.25	Director	$0	$0	$0
PAULA LEACH	DIRECTOR	0.25	Director	$0	$0	$0
TIM MAYS	DIRECTOR	0.25	Director	$0	$0	$0
JASON NAST	DIRECTOR	0.25	Director	$0	$0	$0
HEATHER O'BRIEN	DIRECTOR	0.25	Director	$0	$0	$0
WANDA PARKER	DIRECTOR	0.25	Director	$0	$0	$0
LUCY SPENSER	DIRECTOR	0.25	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	$673,523	$547,967	$416,308	$125,556
2022	$432,708	$496,669	$271,523	$-63,961
2021	$233,389	$200,705	$333,647	$32,684
2020	$508,330	$535,730	$250,896	$-27,400
2019	$664,307	$625,875	$326,643	$38,432

VIRGINIA SOCIETY FOR TECHNOLOGY IN EDUCATION