VIRGINIA GOVERNMENT FINANCE OFFICERS ASSOCIATION

EIN: 541739363

RICHMOND, VA

Total Revenue
$434,052
Total Expenses
$398,773
Total Assets
$409,264
Net Assets
$345,508
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Financial Vulnerability Assessment (Tuckman-Chang)

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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 $434K in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. Expenses of $399K left a modest 8% surplus.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $334,208 Revenue: $373,497

CONFERENCES AND SEMINARS ARE HELD TO PROVIDE TRAINING AND INFORMATION ON KEY AREAS FOR GOVERNMENT FINANCE OFFICIALS.

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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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
4

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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
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
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