VIRGINIA HIGHLAND DISTRICT ASSOCIATION INC (EIN 853877071) - Form 990 Financial Analysis & Trantor Score

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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

2020

Legal Domicile

Principal Officer

KATHRYN VOELPELK

Phone

7709634000

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA HIGHLAND DISTRICT ASSOCIATION INC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $481K in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $419K left a modest 13% surplus.

Mission

SUPPORT COMMUNITY AWARENESS AND PROMOTE LOCAL BUSINESS IN THIS AREA THROUGH ECONOMIC DEVELOPMENT, PUBLIC REALM INVESTMENT AND COMMUNITY ENGAGEMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $480,645

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $480,645

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,890

Fundraising Expenses $0

Other Expenses $254,424

TOTAL EXPENSES $419,314

Year-over-Year Comparison

	2024	2023	Change
Revenue	$480,645	$297,162	+0.6%
Expenses	$419,314	$301,601	+0.4%
Net Income	$61,331	$-4,439	-14.8%

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

N/A

Employees

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

$65,499

Total Directors

$5,715

Key Employees

$65,613

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE VOELPEL	EXECUTIVE DIRECTOR	040.00	Officer Key Emp	$65,499	$0	$65,499
EUNICE TAYLOLR	BOARD DIRECTOR	004.00	Director	$5,601	$0	$5,601
JUDY LEVY	DIRECTOR OF COMMUNICATIONS	005.00	Director Key Emp	$114	$0	$114
LINDSAY WHEELER	PRESIDENT	005.00	Director Key Emp	$0	$0	$0
RICH CHEY	VICE PRESIDENT	006.00	Director Key Emp	$0	$0	$0
MOLLY LONG	BOARD DIRECTOR	005.00	Director	$0	$0	$0
KAITLYN O'SHAUGHNESSY	DIRECTOR OF FINANCE	004.00	Director	$0	$0	$0
LORI LENSING	BOARD DIRECTOR	002.00	Officer Director	$0	$0	$0
BROOK ASPINWALL	BOARD DRECTOR	002.00	Director	$0	$0	$0
DORA MARQUEZ	SECRETARY	002.00	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
2024	$480,645	$419,314	$109,787	$61,331
2023	$297,162	$301,601	$55,423	$-4,439
2022	$315,621	$282,750	$61,218	$32,871

VIRGINIA HIGHLAND DISTRICT ASSOCIATION INC