VIRGINIA MUSIC EDUCATORS ASSOCIATIO

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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

Principal Officer

STEVE TURNER

Phone

7578807126

Tax Period

2024-07-01 to 2025-06-30

VIRGINIA MUSIC EDUCATORS ASSOCIATIO is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF VMEA IS TO PROVIDE LEADERSHIP AND PROFESSIONAL DEVELOPMENT TO ENSURE QUALITY MUSIC EDUCATION.VMEA PROVIDES MUTUAL HELPFULNESS TO ITS MEMBERSHIP AND PROMOTES THE ADVANCEMENT OF MUSIC EDUCATION THROUGH SCHOOLS AND OTHER EDUCATIONAL INSTITUTIONS.

Program Service Accomplishments

Program 1

Expenses: $1,167,196 Revenue: $1,257,921

A NUMBER OF MUSIC FESTIVALS, CLINICS AND CONFERENCES WERE HELD ALONG WITH PUBLICATIONS OF EDUCATIONAL MATERIALS BENEFITTING THE PARTICIPATING FACULTY AND THEIR STUDENTS.

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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 $118,128

Program Service Revenue $1,080,567

Investment Income $18

Other Revenue $59,209

TOTAL REVENUE $1,257,922

Expense Breakdown

Grants Paid $11,000

Salaries & Benefits $49,927

Fundraising Expenses $0

Program Expenses $1,167,196

Other Expenses $1,166,678

TOTAL EXPENSES $1,227,605

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,257,922	$797,161	+0.6%
Expenses	$1,227,605	$751,037	+0.6%
Net Income	$30,317	$46,124	-0.3%

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

300

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

$51,924

Total Directors

$52,824

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE TURNER	TREASURER	40.00	Officer Director	$26,924	$0	$26,924
ALICE HAMMEL	VICE PRESIDE	6.00	Officer Director	$0	$0	$0
MIKE HORANSKI	PRESIDENT	6.00	Officer Director	$0	$0	$0
MANDI STEELE	SECRETARY	6.00	Officer Director	$0	$0	$0
JONATHAN HARGIS	PRESIDENT EL	6.00	Officer Director	$0	$0	$0
JR SNOW	EXECUTIVE DI	6.00	Officer Director	$25,000	$0	$25,000
LAURA COLE	MEMBER	N/A	Director	$0	$0	$0
DOUG MARTIN	MEMBER	N/A	Director	$0	$0	$0
TERRY HALL	MEMBER	N/A	Director	$0	$0	$0
STEVE RICE	MEMBER	N/A	Director	$900	$0	$900
MARIE WEBER	MEMBER	N/A	Director	$0	$0	$0
ALLEN HALL	MEMBER	N/A	Director	$0	$0	$0
DAVID ZERULL	MEMBER	N/A	Director	$0	$0	$0
MIRANDA BEARD	MEMBER	N/A	Director	$0	$0	$0
JANE STANLEY	MEMBER	N/A	Director	$0	$0	$0
JENNIFER HARRISON	MEMBER	N/A	Director	$0	$0	$0
KIMBERLY ROSE	MEMBER	N/A	Director	$0	$0	$0
DAVE COWELL	MEMBER	N/A	Director	$0	$0	$0
DANIEL UPTON	MEMBER	N/A	Director	$0	$0	$0
DAVID MILLER	MEMBER	N/A	Director	$0	$0	$0
BRUCE MILLER	MEMBER	N/A	Director	$0	$0	$0
GORDAN PARR	MEMBER	N/A	Director	$0	$0	$0
SUSAN DOMMER	MEMBER	N/A	Director	$0	$0	$0
STEVE JACOBY	MEMBER	N/A	Director	$0	$0	$0
ERIC HOANG	MEMBER	N/A	Director	$0	$0	$0
CLAIRE ROWAN	MEMBER	N/A	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
2025	$1,257,922	$1,227,605	$681,234	$30,317
2024	$797,161	$751,037	$647,198	$46,124
2023	$1,169,641	$1,035,918	$601,074	$133,723
2022	$555,318	$594,468	$613,661	$-39,150
2021	$213,452	$330,684	$616,772	$-117,232