VIRGINIA THERAPY SERVICES INC

EIN: 851116720 501(c)(3) Community Improvement

COBBS CREEK, VA

Total Revenue
$789,162
Total Expenses
$354,956
Total Assets
$469,302
Net Assets
$469,302
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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
2021
Legal Domicile
VA
Principal Officer
BRENDA WARD
Phone
8045051049
Tax Period
2024-01-01 to 2024-12-31

VIRGINIA THERAPY SERVICES INC, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $789K in total revenue in fiscal year 2024. Revenue surged 537% from the prior year, signaling strong growth momentum. The organization ran a surplus of $434K, a strong 55% operating margin.

Mission

CHARITY WORKING WITH MENTAL HEALTH INDIVIDUALS

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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 $789,162
Investment Income $0
Other Revenue $0
TOTAL REVENUE $789,162

Expense Breakdown

Grants Paid $0
Salaries & Benefits $326,426
Fundraising Expenses $0
Other Expenses $28,530
TOTAL EXPENSES $354,956

Year-over-Year Comparison

2024 2023 Change
Revenue $789,162 $123,862 +5.4%
Expenses $354,956 $88,766 +3.0%
Net Income $434,206 $35,096 +11.4%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENDA WARD PRESIDENT 30
$96,890 $0 $96,890
VICTOR DINSON JR VICE-PRESIDENT 1
$0 $0 $0
ONYETTE FOSTER TREASURER 1
$0 $0 $0
DWAYNE WARD DIRECTOR 1
$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
2024 $789,162 $354,956 $469,302 $434,206
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