VIRGINIA SOCIETY OF PROFESSIONAL ENGINEERS INC

EIN: 546053641 Community Improvement

RUTHER GLEN, VA

Total Revenue
$49,360
Total Expenses
$49,015
Total Assets
$87,761
Net Assets
$87,635
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
VA
Phone
8045727789
Tax Period
2024-07-01 to 2025-06-30

VIRGINIA SOCIETY OF PROFESSIONAL ENGINEERS INC, founded in 1949, is a micro nonprofit in the Community Improvement sector that reported $63K in total revenue in fiscal year 2017. Revenue fell 55% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $15K, a strong 24% operating margin.

Mission

VSPE ENHANCES THE IMAGE OF ITS MEMBERS AND THEIR ABILITY TO ETHICALLY AND PROFESSIONALLY PRACTICE ENGINEERING THROUGH EDUCATION, LICENSURE, ADVOCACY, LEADERSHIP TRAINING, MULTI-DISCIPLINARY NETWORKING, AND OUTREACH.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,050
Program Service Revenue $29,245
Investment Income $5,284
Other Revenue $3,781
TOTAL REVENUE $49,360

Expense Breakdown

Grants Paid $2,358
Salaries & Benefits $30,250
Fundraising Expenses $0
Other Expenses $16,407
TOTAL EXPENSES $49,015

Year-over-Year Comparison

2024 2023 Change
Revenue $49,360 $52,347 -0.1%
Expenses $49,015 $59,713 -0.2%
Net Income $345 $-7,366 -1.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
11
Independent Members
10
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
4
$16,500
Total Directors
11
$30,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REBECCA L GOLDEN CFO 20.00
Officer Director
$16,500 $0 $16,500
JUDI HARRISON Director 5.00
Director
$13,750 $0 $13,750
THOMAS G CONWAY Vice President 2.00
Officer Director
$0 $0 $0
GERALD JERRY O DAVIS Treasurer 2.00
Officer Director
$0 $0 $0
WM CHANNING BLACKWELL Director 0.50
Director
$0 $0 $0
NEAL T WRIGHT Director 0.50
Director
$0 $0 $0
DARES CHAROENPHOL Director 0.50
Director
$0 $0 $0
RICHARD TYLER President 2.00
Officer Director
$0 $0 $0
MICHAEL A LO PRESTI Director 0.50
Director
$0 $0 $0
PETER M SKAREDOFF Director 0.50
Director
$0 $0 $0
GEORGE DAHL Director 0.50
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 $49,360 $49,015 $87,761 $345
2024 $52,347 $59,713 $87,490 $-7,366
2023 $52,232 $79,981 $94,813 $-27,749
2022 $24,960 $51,763 $122,820 $-26,803
2021 $66,112 $44,067 $149,483 $22,045
2020 $37,146 $40,938 $127,173 $-3,792
2019 $50,118 $70,015 $131,212 $-19,897
2018 $63,014 $48,140 $151,299 $14,874
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