VIRGINIA COMMEMORATIONS INC

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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

2015

Legal Domicile

Principal Officer

CHERYL WILSON

Phone

8042050788

Tax Period

2023-07-01 to 2024-06-30

VIRGINIA COMMEMORATIONS INC, founded in 2015, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 7290% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 73% operating margin.

Mission

THE MISSION IS TO SUPPLEMENT THE ACTIVITIES OF THE VIRGINIA AMERICAN REVOLUTION 250 COMMISSION (VA250), AN AGENCY OF THE COMMONWEALTH OF VIRGINIA, TO PLAN, DEVELOP, AND PERFORM PROGRAMS AND ACTIVITIES TO COMMEMORATE THE 250TH ANNIVERSARY OF THE AMERICAN REVOLUTION, THE REVOLUTIONARY WAR, AND THE INDEPENDENCE OF THE UNITED STATES.

Program Service Accomplishments

Program 1

Expenses: $265,701 Revenue: $5,037

SUPPLEMENT THE ACTIVITIES OF THE VIRGINIA AMERICAN REVOLUTION 250 COMMISSION (VA250), AN AGENCY OF THE COMMONWEALTH OF VIRGINIA, TO PLAN, DEVELOP, AND PERFORM PROGRAMS AND ACTIVITIES TO COMMEMORATE THE 250TH ANNIVERSARY OF THE AMERICAN REVOLUTION, THE REVOLUTIONARY WAR, AND THE INDEPENDENCE OF THE UNITED STATES. PROVIDE SUPPORT FOR THE COMMON CAUSE TO ALL CONFERENCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,393,685

Program Service Revenue $0

Investment Income $31

Other Revenue $5,037

TOTAL REVENUE $1,398,753

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $91,949

Program Expenses $265,701

Other Expenses $288,272

TOTAL EXPENSES $373,272

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,398,753	$18,928	+72.9%
Expenses	$373,272	$24,898	+14.0%
Net Income	$1,025,481	$-5,970	-172.8%

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

N/A

Volunteers

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
HONORABLE H BENSON DENDY III	PRESIDENT	1.00	Officer Director	$0	$0	$0
EDWARD BAINE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BK FULTON	TREASURER	1.00	Officer Director	$0	$0	$0
SUE GERDELMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
DELEGATE TERRY AUSTIN	TRUSTEE	1.00	Director	$0	$0	$0
SENATOR MAMIE LOCKE	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE KEITH MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
HONORABLE RYAN MCDOUGLE	TRUSTEE	1.00	Director	$0	$0	$0
HONORABLE THOMAS K NORMENT	TRUSTEE	1.00	Director	$0	$0	$0
HONORABLE KENNETH PLUM	TRUSTEE	1.00	Director	$0	$0	$0
HONORABLE JEANNE ZEIDLER	TRUSTEE	1.00	Director	$0	$0	$0
AUBREY LAYNE	TRUSTEE	1.00	Director	$0	$0	$0
CHERYL WILSON	EXECUTIVE DIRECTOR	40.00	Officer	$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	No data	No data	No data	No data
2024	$1,398,753	$373,272	$1,046,418	$1,025,481
2023	$18,928	$24,898	$21,006	$-5,970
2022	$10,000	$7,794	$26,907	$2,206
2021	$12,835	$122,501	$24,700	$-109,666
2020	$283,231	$1,665,975	$134,366	$-1,382,744
2019	$1,909,050	$1,194,945	$1,780,296	$714,105
2018	$438,186	$838,839	$964,180	$-400,653