Civic Intelligence

Valve Manufacturers Association of America

990 • Fiscal year 2021 • EIN 13-1432012

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

Organization Profilevma.org

View Organization Page

1625 K Street NW No 325Washington, DC 20006

(202) 331-8105

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.21x

Higher debt load relative to assets than 61% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

53rd percentile

0.22x

Higher debt load relative to revenue than 53% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

9th percentile

-12%

Higher net margin than 9% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

78th percentile

$232,401

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 18.7% of source-year revenue.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

48th percentile

11%

Faster asset growth than 48% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

33rd percentile

0.4%

Faster revenue growth than 33% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$1,264,435

Up $124,749 (+11%) from 2020

Net Assets

Up

$993,602

Up $18,359 (+1.9%) from 2020

Liabilities

Up

$270,833

Up $106,390 (+65%) from 2020

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin9th percentile

Revenue

Up

$1,239,567

Up $5,201 (+0.4%) from 2020

Expenses

Down

$1,392,306

Down $166,533 (-11%) from 2020

Net Income

Up

-$152,739

Up $171,734 (+53%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $2,041,078Liabilities 2010: $309,792Net Assets 2010: $1,731,2862010Assets 2011: $1,978,232Liabilities 2011: $243,211Net Assets 2011: $1,735,0212011Assets 2012: $2,146,662Liabilities 2012: $284,885Net Assets 2012: $1,861,7772012Assets 2013: $2,408,550Liabilities 2013: $486,325Net Assets 2013: $1,922,2252013Assets 2014: $2,299,110Liabilities 2014: $283,967Net Assets 2014: $2,015,1432014Assets 2015: $2,355,715Liabilities 2015: $354,961Net Assets 2015: $2,000,7542015Assets 2016: $2,170,534Liabilities 2016: $244,318Net Assets 2016: $1,926,2162016Assets 2017: $2,008,326Liabilities 2017: $243,570Net Assets 2017: $1,764,7562017Assets 2018: $1,678,100Liabilities 2018: $303,240Net Assets 2018: $1,374,8602018Assets 2019: $1,386,800Liabilities 2019: $294,993Net Assets 2019: $1,091,8072019Assets 2020: $1,139,686Liabilities 2020: $164,443Net Assets 2020: $975,2432020Assets 2021: $1,264,435Liabilities 2021: $270,833Net Assets 2021: $993,6022021Assets 2022: $1,015,002Liabilities 2022: $220,305Net Assets 2022: $794,6972022Assets 2023: $1,088,135Liabilities 2023: $496,229Net Assets 2023: $591,9062023Assets 2024: $1,261,301Liabilities 2024: $585,202Net Assets 2024: $676,0992024

Highlighted filing

2021

Assets$1,264,435
Liabilities$270,833
Net Assets$993,602
Open 2021 Filing

Operations Trend

Revenue Growth33rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,511,1722010Expenses 2011: $1,604,4352011Expenses 2012: $1,949,8282012Revenue 2013: $1,896,080Expenses 2013: $1,940,074Net Income 2013: -$43,9942013Revenue 2014: $1,941,981Expenses 2014: $1,906,303Net Income 2014: $35,6782014Revenue 2015: $2,041,176Expenses 2015: $2,001,344Net Income 2015: $39,8322015Revenue 2016: $1,849,980Expenses 2016: $1,979,980Net Income 2016: -$130,0002016Revenue 2017: $1,569,265Expenses 2017: $1,858,376Net Income 2017: -$289,1112017Revenue 2018: $1,719,122Expenses 2018: $1,963,615Net Income 2018: -$244,4932018Revenue 2019: $1,795,034Expenses 2019: $2,184,206Net Income 2019: -$389,1722019Revenue 2020: $1,234,366Expenses 2020: $1,558,839Net Income 2020: -$324,4732020Revenue 2021: $1,239,567Expenses 2021: $1,392,306Net Income 2021: -$152,7392021Revenue 2022: $1,429,391Expenses 2022: $1,361,637Net Income 2022: $67,7542022Revenue 2023: $1,098,366Expenses 2023: $1,241,768Net Income 2023: -$143,4022023Revenue 2024: $1,304,972Expenses 2024: $1,245,502Net Income 2024: $59,4702024

Highlighted filing

2021

Revenue$1,239,567
Expenses$1,392,306
Net Income-$152,739
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$1,239,567
Mission and Program Overview

Mission

Enhance the business climate for its members' operations and profitability, and strengthen the valve industry as a whole.

Enhance the business climate for ites members' operations and profitability, and strengthen the valve industry as a whole.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,027,224$929,417▼ $97,807
Savings and Temporary Cash Investments-$149,035-
Accounts Receivable$46,248$107,986▲ $61,738
Cash and Non-Interest-Bearing Accounts$35,286$60,000▲ $24,714
Prepaid Expenses and Deferred Charges$7,079$9,928▲ $2,849
Land, Buildings, and Equipment, Net$14,931$8,069▼ $6,862
Total Assets$1,139,686$1,264,435▲ $124,749
Other Assets Total$8,918--
Liabilities
Accounts Payable and Accrued Expenses$85,093$207,173▲ $122,080
Deferred Revenue$44,315$37,744▼ $6,571
Other Liabilities$35,035$25,916▼ $9,119
Total Liabilities$164,443$270,833▲ $106,390
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$975,243$993,602▲ $18,359
Total Net Assets Fund Balance$975,243$993,602▲ $18,359
Total Liabilities and Net Assets / Fund Balance$1,139,686$1,264,435▲ $124,749

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,069$55,463$63,532
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Heather RhoderickPresidentFT$222,258$10,143$232,401
Marc PasternakVice- PresidentFT$126,553$29,269$155,822

Board Members and Trustees

NameTitle
Alejandro AlcalaDirector
Andrew DuffyDirector
Arie BregmanDirector
Brian WrightDirector
Bryan BurnsDirector
David LoulaDirector
Kevin McKownDirector
Kevin TinsleyDirector
Kirk WilsonDirector
Mark Claffey TrilliumDirector
Matt ThielDirector
Nathan BrunellDirector
Rob VelanDirector
Ron WarrenDirector
Seth GutermanDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,217,988
Investment Income
$21,579
Other Revenue
$0
Change in Net Assets
$-152,739
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$834,272
Salaries, Compensation, and Employee Benefits$558,034
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$388,223
Conferences and Meetings---$206,796
Fees for Services Other---$120,548
Office Expenses---$113,141
Occupancy---$93,137
Other Salaries and Wages---$93,125
Fees for Services Accounting---$58,508
Other Employee Benefits---$47,467
Fees for Services Legal---$43,329
Payroll Taxes---$29,219
Fees for Service Investment Mgmnt Fees---$11,811
Depreciation Depletion---$6,862
Travel---$5,098
Other Expenses---$3,978
Insurance---$3,068
Total Functional Expenses$0$0$0$1,392,306
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred rent$17,508
Capital lease obligation$8,408
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“The Association has members who are manufacturers of industrial valves, actuartors, and controls as well as suppliers to the industry and distributors/channel partners of the industry who pay annual dues based on previous year net sales.”

Form 990, Part VI, Section A, line 7A

“All members of the governing body are elected by a simple majority of the full membership of the Association with each member company having one vote.”

Form 990, Part VI, Section A, line 7B

“Changes to the Association constitution or by-laws, as well as annual budget and changes to teh dues structure require approval by a simple majority of full manufacturer membership.”

Form 990, Part VI, Section B, line 11B

“The Form 990 is reviewed by the President and available to the board for review.”

Form 990, Part VI, Section B, line 15

“The VMA President suggests salary adjustments for all staff membership, including themself, to the excutive committee based on American Society of Association Executives and NAM Council of Manufacturing Associations salary survey and then the executive committee approves or changes the recommendations.”

Form 990, Part VI, Section C, line 19

“The Association's governing documents, policies, and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Valve Manufacturers Association of Ameri
EIN
13-1432012
Phone
2023318105
Address
1625 K Street NW No 325, Washington, DC 20006

Signing Officer

Name
Heather Rhoderick
Title
President
Phone
2023318105
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heather Rhoderick
Formed
1982
Legal Domicile
Dc
Voting Board Members
15
Independent Board Members
15
Employees
3
Volunteers
0

Preparer

Firm
Kositzka Wicks and Company
Address
5270 Shawnee Road Suite 250, Alexandria, VA 22312
Preparer
Jennica Jardine Whitfield CPA
Phone
7036422700
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Adjustment was made to consolidate VRC activity 78,659.”

Financial Statement Notes

Part X, Line 2:

“VMA is exempt from federal income tax as a nonprofit organization described in Section 501(c)(6) of the Internal Revenue Code and applicable regulations of the District of Columbia, except as to unrelated business income, if any. The financial statement impact of a tax position is recognized when it is more-likely-than-not that the position will be sustained upon examination.”

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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Enhance the business climate for ites members' operations and profitability, and strengthen the valve industry as a whole.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0975243
IRS990/NetAssetsOrFundBalancesEOYAmt0993602
IRS990/NetUnrelatedBusTxblIncmAmt027162
IRS990/NetUnrlzdGainsLossesInvstAmt092439
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0975243
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0993602
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt093137
IRS990/OfficeExpensesGrp/TotalAmt0113141
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08918
IRS990/OtherChangesInNetAssetsAmt078659
IRS990/OtherEmployeeBenefitsGrp/TotalAmt047467
IRS990/OtherExpensesGrp/Desc0Publication expenses
IRS990/OtherExpensesGrp/Desc1Special projects
IRS990/OtherExpensesGrp/Desc2Education and training
IRS990/OtherExpensesGrp/Desc3Other expenses
IRS990/OtherExpensesGrp/TotalAmt0114547
IRS990/OtherExpensesGrp/TotalAmt137917
IRS990/OtherExpensesGrp/TotalAmt215532
IRS990/OtherExpensesGrp/TotalAmt33978
IRS990/OtherLiabilitiesGrp/BOYAmt035035
IRS990/OtherLiabilitiesGrp/EOYAmt025916
IRS990/OtherSalariesAndWagesGrp/TotalAmt093125
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt029219
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07079
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09928
IRS990/PrincipalOfficerNm0Heather Rhoderick
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0Membership dues
IRS990/ProgramServiceRevenueGrp/Desc1Workshops and seminars
IRS990/ProgramServiceRevenueGrp/Desc2Communications and pub
IRS990/ProgramServiceRevenueGrp/Desc3Education and training
IRS990/ProgramServiceRevenueGrp/ExclusionAmt05704
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0869477
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1174318
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt215683
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0869477
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1174318
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2158510
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt315683
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0152806
IRS990/ProgSrvcAccomActy2Grp/Desc0Statistical services: Communicate industry statistics, market forecasts and economic profiles to members in the industry.
IRS990/ProgSrvcAccomActy3Grp/Desc0Publications: Magazines, newsletters and special reports which inform the industry about political markets, current trends and regulations.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt03250
IRS990/PYInvestmentIncomeAmt0-107344
IRS990/PYOtherExpensesAmt0966958
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01341710
IRS990/PYRevenuesLessExpensesAmt0-324473
IRS990/PYSalariesCompEmpBnftPaidAmt0588631
IRS990/PYTotalExpensesAmt01558839
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01234366
IRS990/ReconcilationRevenueExpnssAmt0-152739
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0149035
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08069
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt055463
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt063532
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08408
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt117508
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Capital lease obligation
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred rent
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0VMA is exempt from federal income tax as a nonprofit organization described in Section 501(c)(6) of the Internal Revenue Code and applicable regulations of the District of Columbia, except as to unrelated business income, if any. The financial statement impact of a tax position is recognized when it is more-likely-than-not that the position will be sustained upon examination.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08069
IRS990ScheduleD/TotalLiabilityAmt025916
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0222258
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1126553
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt010143
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt129269
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Heather Rhoderick
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Marc Pasternak
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Vice- President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0232401
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1155822
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0The board reviews and approves the CEO's compensation.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Association has members who are manufacturers of industrial valves, actuartors, and controls as well as suppliers to the industry and distributors/channel partners of the industry who pay annual dues based on previous year net sales.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All members of the governing body are elected by a simple majority of the full membership of the Association with each member company having one vote.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Changes to the Association constitution or by-laws, as well as annual budget and changes to teh dues structure require approval by a simple majority of full manufacturer membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Form 990 is reviewed by the President and available to the board for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The VMA President suggests salary adjustments for all staff membership, including themself, to the excutive committee based on American Society of Association Executives and NAM Council of Manufacturing Associations salary survey and then the executive committee approves or changes the recommendations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Association's governing documents, policies, and financial statements are made available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Adjustment was made to consolidate VRC activity 78,659.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, line 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0DC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01139686
IRS990/TotalAssetsEOYAmt01264435
IRS990/TotalAssetsGrp/BOYAmt01139686
IRS990/TotalAssetsGrp/EOYAmt01264435
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/TotalAmt01392306
IRS990/TotalGrossUBIAmt0152806

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,264,435
Liabilities
$270,833
Net assets
$993,602
Revenue
$1,239,567
Expenses
$1,392,306
Net income
-$152,739
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.26$0.59$0.68$1.30$1.25$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.09$0.50$0.59$1.10$1.24$0.14
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.22$0.79$1.43$1.36$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.26$0.27$0.99$1.24$1.39$0.15
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.14$0.16$0.98$1.23$1.56$0.32
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.39$0.29$1.09$1.80$2.18$0.39
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.68$0.30$1.37$1.72$1.96$0.24
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.01$0.24$1.76$1.57$1.86$0.29
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.17$0.24$1.93$1.85$1.98$0.13
2015Detailed filing. Detailed filing data is available for this year.$2.36$0.35$2.00$2.04$2.00$0.04
2014Detailed filing. Detailed filing data is available for this year.$2.30$0.28$2.02$1.94$1.91$0.04
2013Detailed filing. Detailed filing data is available for this year.$2.41$0.49$1.92$1.90$1.94$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$0.28$1.86$1.95
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.98$0.24$1.74$1.60
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$0.31$1.73$1.51