VIRGINIA DISTILLERS ASSOCIATION (EIN 812867991) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

RICK WASMUND

Phone

7575355829

Tax Period

2022-01-01 to 2022-12-31

VIRGINIA DISTILLERS ASSOCIATION, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $303K in total revenue in fiscal year 2019. Expenses of $290K left a modest 4% surplus.

Mission

TO PROVIDE ECONOMIC GROWTH AND EDUCATIONAL OPPORTUNITIES FOR THE VIRGINIA SPIRITS INDUSTRY.

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $64,584

Investment Income $0

Other Revenue $0

TOTAL REVENUE $64,584

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $58,694

TOTAL EXPENSES $58,694

Year-over-Year Comparison

	2022	2021	Change
Revenue	$64,584	$30,837	+1.1%
Expenses	$58,694	$37,579	+0.6%
Net Income	$5,890	$-6,742	-1.9%

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

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
BARRY HANEBERG	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
BILL KARLSON	DIRECTOR	1.00	Director	$0	$0	$0
RICK WASMUND	PRESIDENT	5.00	Officer Director	$0	$0	$0
ANDREW YANCEY	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
OWEN KING	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE DAVENPORT	DIRECTOR	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
2022	$64,584	$58,694	$10,319	$5,890
2021	$30,837	$37,579	$4,429	$-6,742
2020	$160,772	$204,979	$12,063	$-44,207
2019	$303,024	$290,153	$48,077	$12,871

VIRGINIA DISTILLERS ASSOCIATION