VIRGINIA NUTRIENT CREDIT EXCHANGE … - Form 990 Financial Data

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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

2005

Legal Domicile

Principal Officer

JAMES C GRANDSTAFF

Phone

8047169021

Tax Period

2023-07-01 to 2024-06-30

VIRGINIA NUTRIENT CREDIT EXCHANGE ASSOCIATION INC, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2023.

Mission

TO COORDINATE AND FACILITATE PARTICIPATION OF ITS MEMBERS IN VIRGINIA'S CHESAPEAKE BAY WATERSHED NUTRIENT CREDIT EXCHANGE PROGRAM.

Program Service Accomplishments

Program 1

THE ASSOCIATION COORDINATES AND FACILITATES ITS MEMBER PARTICIPATION IN VIRGINIA'S CHESAPEAKE BAY WATERSHED NUTRIENT CREDIT EXCHANGE PROGRAM, ENACTED INTO VIRGINIA LAW IN 2005. THE PURPOSE OF THE...

THE ASSOCIATION COORDINATES AND FACILITATES ITS MEMBER PARTICIPATION IN VIRGINIA'S CHESAPEAKE BAY WATERSHED NUTRIENT CREDIT EXCHANGE PROGRAM, ENACTED INTO VIRGINIA LAW IN 2005. THE PURPOSE OF THE PROGRAM IS TO ENABLE VIRGINIA TO MEET CHESAPEAKE BAY WASTE LOAD ALLOCATIONS COST-EFFECTIVELY AND AS SOON AS POSSIBLE, WHILE ACCOMODATING CONTINUED GROWTH AND DEVELOPMENT UNDER NUTRIENT CAP ALLOCATIONS. DURING THE YEAR, THE ASSOCIATION COMPLETED THE ANNUAL UPDATE OF COMPLIANCE PLAN REQUIRED BY VIRGINIA STATE WATER CONTROL BOARD. ALSO, THE ASSOCIATION RECEIVED AND MADE PAYMENTS FOR NUTRIENT CREDITS THAT WERE PURCHASED AND SOLD DURING THE YEAR.

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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 $0

Program Service Revenue $1,652,504

Investment Income $3,701

Other Revenue $0

TOTAL REVENUE $1,656,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,660,288

TOTAL EXPENSES $1,660,288

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,656,205	$1,629,964	+0.0%
Expenses	$1,660,288	$1,321,134	+0.3%
Net Income	$-4,083	$308,830	-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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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
JAMES C GRANDSTAFF	PRESIDENT	3.00	Officer Director	$0	$0	$0
MICHAEL MCGRATH	VICE PRESI	3.00	Officer Director	$0	$0	$0
STEVEN HERZOG	TREASURER	3.00	Officer Director	$0	$0	$0
JOHN DANO	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON DIENES	DIRECTOR	1.00	Director	$0	$0	$0
TIM MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW PARKER	DIRECTOR	1.00	Director	$0	$0	$0
ED PETROVITCH	DIRECTOR	1.00	Director	$0	$0	$0
JAMES TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT WILSON	DIECTOR	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
2025	No data	No data	No data	No data
2024	$1,656,205	$1,660,288	$1,686,973	$-4,083
2023	$1,629,964	$1,321,134	$1,691,056	$308,830
2022	$1,346,416	$1,492,401	$1,382,226	$-145,985
2021	$1,477,627	$1,707,347	$1,528,211	$-229,720
2020	$1,677,252	$1,451,451	$1,757,931	$225,801
2019	$1,558,569	$1,115,858	$1,532,130	$442,711

VIRGINIA NUTRIENT CREDIT EXCHANGE ASSOCIATION INC