QUALIFIED GAS CONTRACTORS ASSOC OF SOUTH HAMPTON ROADS INC

EIN: 542027590

NORFOLK, VA

Total Revenue
$42,788
Total Expenses
$16,746
Total Assets
$37,598
Net Assets
$37,598
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Legal Domicile
VA
Principal Officer
CROSBY MINER
Phone
7574695196
Tax Period
2021-01-01 to 2021-12-31

QUALIFIED GAS CONTRACTORS ASSOC OF SOUTH HAMPTON ROADS INC is a micro nonprofit that reported $13K in total revenue in fiscal year 2018. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $21K exceeded revenue, resulting in a 66% operating deficit.

Mission

TO EDUCATE AND PROMOTE ETHICAL AND CUSTOMER-ORIENTED PRACTICE AMONG GAS CONTRACTORS

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $42,786
Program Service Revenue $0
Investment Income $2
Other Revenue $0
TOTAL REVENUE $42,788

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $16,746
TOTAL EXPENSES $16,746

Year-over-Year Comparison

2021 2020 Change
Revenue $42,788 $8,637 +4.0%
Expenses $16,746 $21,391 -0.2%
Net Income $26,042 $-12,754 -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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
39
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CROSBY MINER TREASURER N/A
Officer Director
$0 $0 $0
KATHY NEWBERN PRESIDENT N/A
Officer 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
2021 $42,788 $16,746 $37,598 $26,042
2020 $8,637 $21,391 $11,556 $-12,754
2019 $17,922 $22,184 $24,310 $-4,262
2018 $12,742 $21,162 $28,572 $-8,420
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