VIRGINIA BANKERS ASSOCIATION MEDICAL AND

EIN: 546198695

GLEN ALLEN, VA

Total Revenue
$60,920,473
Total Expenses
$61,111,419
Total Assets
$33,555,380
Net Assets
$24,944,085
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
VA
Principal Officer
STACY PUCKETT
Phone
8048194727
Tax Period
2024-01-01 to 2024-12-31

VIRGINIA BANKERS ASSOCIATION MEDICAL AND, founded in 1989, is a mid-sized nonprofit that reported $75.8M in total revenue in fiscal year 2019. Expenses of $73.2M left a modest 3% surplus.

Mission

VEBA TRUST FOR THE VIRGINIA BANKERS ASSOCIATION GROUP HEALTH BENEFIT PLANS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $59,456,315
Investment Income $1,464,158
Other Revenue $0
TOTAL REVENUE $60,920,473

Expense Breakdown

Grants Paid $0
Salaries & Benefits $26,154
Fundraising Expenses $0
Other Expenses $910,518
TOTAL EXPENSES $61,111,419

Year-over-Year Comparison

2024 2023 Change
Revenue $60,920,473 $86,528,320 -0.3%
Expenses $61,111,419 $80,113,358 -0.2%
Net Income $-190,946 $6,414,962 -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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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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Governance

Voting Members
12
Independent Members
12
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
0
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN R CALDWELL CHAIRMAN 1.00
Director
$0 $0 $0
THOMAS CHERRY BOARD MEMBER 1.00
Director
$0 $0 $0
BARRY C ELSWICK BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELLE R AUSTIN BOARD MEMBER 1.00
Director
$0 $0 $0
W MARK NELSON BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES HENDRICKS JR BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH T BEALE BOARD MEMBER 1.00
Director
$0 $0 $0
MELODY D EMSWILER BOARD MEMBER 1.00
Director
$0 $0 $0
BRANDON LOREY BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF CULVER BOARD MEMBER 1.00
Director
$0 $0 $0
C TAYLOR QUICKE BOARD MEMBER 1.00
Director
$0 $0 $0
LARA RAMSEY BOARD MEMBER 1.00
Director
$0 $0 $0
N/A TRUSTEE 1.00
$26,513 $0 $26,513
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 $60,920,473 $61,111,419 $33,555,380 $-190,946
2023 $86,528,320 $80,113,358 $35,702,785 $6,414,962
2023 $86,528,320 $80,113,358 $35,702,785 $6,414,962
2022 $79,067,523 $82,186,820 $28,676,501 $-3,119,297
2022 $79,067,523 $82,186,820 $28,676,501 $-3,119,297
2021 $79,896,107 $78,738,860 $33,617,508 $1,157,247
2020 $80,394,924 $77,410,615 $30,054,368 $2,984,309
2019 $75,845,337 $73,216,030 $25,104,427 $2,629,307
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