VIRGINIA GOVERNMENT FINANCE OFFICERS ASSOCIATION (EIN 541739363) - 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

1968

Principal Officer

ALICIA SHIELDS

Phone

8042494525

Tax Period

2025-01-01 to 2025-12-31

VIRGINIA GOVERNMENT FINANCE OFFICERS ASSOCIATION, founded in 1968, is a small nonprofit that reported $351K in total revenue in fiscal year 2018.

Mission

THE VIRGINIA GOVERNMENT FINANCE OFFICERS' ASSOCIATION, INC. SHALL FOSTER EXCELLENCE IN GOVERNMENT BY CREATING OPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $50,300

Program Service Revenue $373,497

Investment Income $10,255

Other Revenue $0

TOTAL REVENUE $434,052

Expense Breakdown

Grants Paid $7,900

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $334,208

Other Expenses $390,873

TOTAL EXPENSES $398,773

Year-over-Year Comparison

	2025	2024	Change
Revenue	$434,052	$460,387	-0.1%
Expenses	$398,773	$401,508	0.0%
Net Income	$35,279	$58,879	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILLIP BRAVERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN CARTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER CARTER	BOARD MEMBER	1.00	Director	$0	$0	$0
VINCENT COPENHAVER	BOARD MEMBER	1.00	Director	$0	$0	$0
ALICIA HARGROVE	BOARD MEMBER	1.00	Director	$0	$0	$0
LARISA HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
HOWARD KARTEL	TREASURER	1.00	Officer Director	$0	$0	$0
REID LANHAM	PRESIDENT-EL	1.00	Officer Director	$0	$0	$0
ANDREA LIGHT	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
SHELIA MINOR	BOARD MEMBER	1.00	Director	$0	$0	$0
TONYA O'CONNELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALICIA SHIELDS	EXECUTIVE SE	20.00	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	$434,052	$398,773	$409,264	$35,279
2024	No data	No data	No data	No data
2023	$401,222	$401,263	$317,177	$-41
2022	$341,190	$304,032	$281,052	$37,158
2021	$229,502	$218,398	$278,407	$11,104
2020	$110,641	$115,280	$248,069	$-4,639
2019	$380,478	$345,934	$244,553	$34,544
2018	$350,647	$365,011	$197,631	$-14,364

VIRGINIA GOVERNMENT FINANCE OFFICERS ASSOCIATION