VIRGINIA MARYLAND AND DELAWARE ASSOC OF BROADBAND COOPERATIVES (EIN 861947982) - 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

2021

Legal Domicile

Principal Officer

SAMUEL BRUMBERG

Phone

8042973459

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA MARYLAND AND DELAWARE ASSOC OF BROADBAND COOPERATIVES, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $275K in total revenue in fiscal year 2022. Revenue surged 71% from the prior year, signaling strong growth momentum. Expenses of $244K left a modest 11% surplus.

Mission

THE VIRGINIA, MARYLAND, AND DELAWARE ASSOCIATION OF BROADBAND COOPERATIVES (VMDABC) IS THE LEADING VOICE FOR COOPERATIVE BROADBAND INTERESTS AND A VITAL PLATFORM FOR COLLABORATION BETWEEN OUR MEMBER COMPANIES. VMDABC IS WORKING TOWARD A COMMON GOAL OF BRIDGING THE DIGITAL DIVIDE THROUGH A DIVERSE COALITION OF BROADBAND STAKEHOLDERS SERVING RURAL VIRGINIA, MARYLAND, AND DELAWARE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $307,855

Investment Income $0

Other Revenue $0

TOTAL REVENUE $307,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $384,170

TOTAL EXPENSES $384,170

Year-over-Year Comparison

	2024	2023	Change
Revenue	$307,855	$307,000	+0.0%
Expenses	$384,170	$259,298	+0.5%
Net Income	$-76,315	$47,702	-2.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF M AHEARN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BATES	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
BILL BUCHANAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALBERT J LEWIS II	DIRECTOR	1.00	Director	$0	$0	$0
FRANK R GARMAN JR	DIRECTOR	1.00	Director	$0	$0	$0
JOHN M BROCK JR	DIRECTOR	1.00	Director	$0	$0	$0
CASEY LOGAN	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL MALANDRO	DIRECTOR	1.00	Director	$0	$0	$0
DR PETER MURHORO	DIRECTOR	1.00	Director	$0	$0	$0
DONNA RICHARDSON WEST	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA B WILSON	DIRECTOR	1.00	Director	$0	$0	$0
GARY WOOD	DIRECTOR	1.00	Director	$0	$0	$0
SARAT YELLEPEDDI	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
2024	$307,855	$384,170	$71,844	$-76,315
2023	$307,000	$259,298	$148,159	$47,702
2022	$274,750	$243,733	$95,607	$31,017

VIRGINIA MARYLAND AND DELAWARE ASSOC OF BROADBAND COOPERATIVES