VIRGINIA POWER BOAT ASSOCIATION

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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

1941

Legal Domicile

Principal Officer

ERIC STRAHS

Phone

8043206521

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA POWER BOAT ASSOCIATION, founded in 1941, is a small nonprofit that reported $301K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $288K left a modest 4% surplus.

Mission

RECREATIONAL MEMBERSHIP FACILITY THAT PROVIDES BOATING AND SOCIAL EVENTS TO ITS MEMBERS

Program Service Accomplishments

Program 1

Expenses: $126,438

BUILDING AND GROUNDS COSTS USED TO PROVIDE BOATING AND SOCIAL FACILITY FOR ORGANIZATION'S MEMBERS

Program 2

Expenses: $56,477

POOL COSTS INCURRED AS PART OF PROVIDING BOATING AND SOCIAL FACILITY FOR ORGANIZATION'S MEMBERS

Program 3

Expenses: $44,978

EVENT COSTS INCURRED AS PART OF PROVIDING BOATING AND SOCIAL FACILITY FOR ORGANIZATION'S MEMBERS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $286,934

Investment Income $13,886

Other Revenue $0

TOTAL REVENUE $300,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $241,728

Other Expenses $288,412

TOTAL EXPENSES $288,412

Year-over-Year Comparison

	2024	2023	Change
Revenue	$300,820	$452,978	-0.3%
Expenses	$288,412	$355,139	-0.2%
Net Income	$12,408	$97,839	-0.9%

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

Volunteers

100

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
ERIC STRAHS	COMMODORE	2.00	Officer Director	$0	$0	$0
CHRISTIAN BROCK	PAST COMMODO	2.00	Officer Director	$0	$0	$0
GREGORY MOORE	VICE COMMODO	2.00	Officer Director	$0	$0	$0
CLAY CARROLL	REAR COMMODO	2.00	Officer Director	$0	$0	$0
JAMES SCHROEDER	TREASURER	2.00	Officer Director	$0	$0	$0
ANDREW CREASEY	SECRETARY	2.00	Officer Director	$0	$0	$0
MIKE REINHARDT	FLEET CAPTAI	2.00	Officer Director	$0	$0	$0
MICHAEL WOOD	BLDGS/GROUND	1.00	Director	$0	$0	$0
DANIEL GOLDEN	BLDGS/GROUND	1.00	Director	$0	$0	$0
MCLAIN O'FERRALL	DOCK MASTER	1.00	Director	$0	$0	$0
SUZANNE ELMS	ENTERTAINMEN	1.00	Director	$0	$0	$0
JAYNE PETTUS	ENTERTAINMEN	1.00	Director	$0	$0	$0
PEYTON BONNER	POOL	1.00	Director	$0	$0	$0
CHRISTOPHER BROWN	PORTAL MASTE	1.00	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
2024	$300,820	$288,412	$1,021,364	$12,408
2023	$452,978	$355,139	$1,008,956	$97,839
2022	$325,842	$303,991	$911,117	$21,851
2021	$281,345	$231,942	$889,266	$49,403
2020	$305,001	$262,657	$839,863	$42,344
2019	$269,562	$259,050	$797,519	$10,512
2018	$324,915	$387,110	$787,007	$-62,195