VIRGINIA GYMNASTIC BOOSTER CLUB

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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

2003

Legal Domicile

Principal Officer

JESSICA WILSON

Phone

7037867283

Tax Period

2023-07-01 to 2024-06-30

VIRGINIA GYMNASTIC BOOSTER CLUB, founded in 2003, is a small nonprofit in the Recreation & Sports sector that reported $193K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year.

Mission

FOSTER DEVELOPMENT OF YOUNG GYMNASTS

Program Service Accomplishments

Program 1

Expenses: $194,970 Revenue: $193,246

VGBC MEMBERS CONTRIBUTE TIME AND LABOR TO ACTIVITIES SPONSORED BY APEX GYMNASTICS. THE ORGANIZATIOIN HAS CONTRIBUTED TIME AND MONEY TO COVER EXPENSES OF THE COMPETITIVE PROGRAM AT APEX. IT IS...

VGBC MEMBERS CONTRIBUTE TIME AND LABOR TO ACTIVITIES SPONSORED BY APEX GYMNASTICS. THE ORGANIZATIOIN HAS CONTRIBUTED TIME AND MONEY TO COVER EXPENSES OF THE COMPETITIVE PROGRAM AT APEX. IT IS ESTIMATED THAT A PARENT OR GUARDIAN OF A COMPETITIVE GYMNAST WILL SPEND ABOUT 2500 PER YEAR FOR UNIFORMS AND MEET REGISTRATIONS AND PARTICIPATION. TO DEFRAY SOME OF THESE COSTS AND MAKE IT POSSIBLE FOR CHILDREN OF ALL ECONOMIC BACKGROUNDS TO COMPETE IN A TOP RATE COMPETITIVE GYMNASTICS PROGRAM, THE BOOSTER CLUB ARRANGES AND STAGES FUND RAISING EFFORTS. THE BOOSTER CLUB CONTRIBUTES A SIGNIFICANT AMOUNT OF LABOR TO HELP HOST 1 OR 2 COMPETITIVE MEETS PER YEAR. EXAMPLES OF TASK AREAS INCLUDE EQUIPMENT SETUP AND TEAR DOWN, CROWD CONTROL AND SCORING, DEFRAYING THE COSTS OF JUDGES AND COACHES.

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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 $0

Program Service Revenue $161,682

Investment Income $0

Other Revenue $31,564

TOTAL REVENUE $193,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,733

Program Expenses $194,970

Other Expenses $197,279

TOTAL EXPENSES $197,279

Year-over-Year Comparison

	2023	2022	Change
Revenue	$193,246	$231,370	-0.2%
Expenses	$197,279	$224,684	-0.1%
Net Income	$-4,033	$6,686	-1.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADRIANNE COOK	CO VICE PRES	2.00	Officer	$0	$0	$0
JILL EDMONDS	SECRETARY	2.00	Officer	$0	$0	$0
ROCHELLE GILL	CO VICE PRES	2.00	Officer	$0	$0	$0
LAURA HORNER	ASSISTANT TR	2.00	Officer	$0	$0	$0
BECKY OWENS	PRESIDENT	4.00	Officer	$0	$0	$0
JESSICA WILSON	TREASURER	4.00	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
2025	No data	No data	No data	No data
2024	$193,246	$197,279	$23,934	$-4,033
2023	$231,370	$224,684	$27,967	$6,686
2022	$213,535	$211,623	$21,468	$1,912
2021	$96,111	$109,547	$19,556	$-13,436
2020	$159,834	$134,272	$32,992	$25,562
2019	$147,646	$153,832	$5,694	$-6,186