VIRGINIA BEACH, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VIRGINIA BEACH RESTAURANT ASSOCIATION, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $191K in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum.
THE VIRGINIA BEACH RESTAURANT ASSOCIATION IS ORGANIZED FOR THE FOLLOWING PURPOSES: TO DEVELOP AND FOSTER PROFESSIONAL STANDARDS AMONG THOSE PEOPLE ACTIVELY ENGAGED IN THE FOODSERVICE INDUSTRY; TO EXCHANGE IDEAS THROUGH EDUCATIONAL PROGRAMS AND FREE DISCUSSION OF MATTERS OF PROFESSIONAL INTEREST DIRECTLY AFFECTING THE ECONOMIC VITALITY OF THE FOODSERVICE INDUSTRY; TO CONTINUOUSLY PROMOTE THE CONCEPT OF FREE ENTERPRISE; AND TO KEEP THE FOODSERVICE COMMUNITY INFORMED OF LEGISLATIVE AND REGULATORY ISSUES THAT WILL AFFET THE WAY MEMBERS DO BUSINESS.
Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $190,615 | $108,970 | +0.7% |
| Expenses | $196,352 | $84,387 | +1.3% |
| Net Income | $-5,737 | $24,583 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BJ BAUMANN | IMMEDIATE PAST PRESIDENT | 6.00 |
Officer
Director
|
$0 | $0 | $0 |
| BOB HUGHES | VICE PRESIDENT | 6.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL MAUCH | PRESIDENT | 6.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRIS SAVVIDES | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| DAVE COX | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| BILL GAMBRELL | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| KRISTINA CHASTAIN | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| VA TANG | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| GLORIA BOBAN | TREASURER | 6.00 |
Officer
Director
|
$0 | $0 | $0 |
| BILL DILLION | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| KAL KASSIR | DIRECTOR EMERITUS | 4.00 |
Director
|
$0 | $0 | $0 |
| DAN SPEASMAKER | DIRECTOR EMERITUS | 4.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN LIPPERT | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| MIKE STANDING | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| MARTHA DAVENPORT | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$68,383 | $0 | $68,383 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $190,615 | $196,352 | $77,035 | $-5,737 |
Compare VIRGINIA BEACH RESTAURANT ASSOCIATION with other nonprofits in Virginia and across the country.