Virginia Association Of Community Banks
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 649,747 | 626,662 | 23,085 | 11.5 | 42% |
| 2012 | 623,571 | 734,832 | −111,261 | 8.0 | 53% |
| 2013 | 678,963 | 655,772 | 23,191 | 9.4 | 39% |
| 2014 | 700,045 | 669,088 | 30,957 | 9.8 | 40% |
| 2015 | 722,335 | 716,049 | 6,286 | 9.2 | 37% |
| 2016 | 711,359 | 714,140 | −2,781 | 9.2 | 38% |
| 2017 | 790,766 | 768,650 | 22,116 | 8.9 | 38% |
| 2018 | 700,000 | 737,885 | −37,885 | 8.6 | 40% |
| 2019 | 709,085 | 750,793 | −41,708 | 7.8 | 42% |
| 2020 | 613,601 | 629,147 | −15,546 | 9.1 | 49% |
| 2021 | 685,296 | 660,046 | 25,250 | 9.1 | 47% |
| 2022 | 695,274 | 718,540 | −23,266 | 8.0 | 43% |
| 2023 | 727,075 | 777,561 | −50,486 | 6.6 | 43% |
In its most recent public year (2023), this organization spent $50,486 more than it brought in. Its reserves stood at about 6.6 months of spending, down from 11.5 in 2011. Staff pay was 43% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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