Civic Intelligence

Virginia Transportation Construction Alliance

990 • Fiscal year 2017 • EIN 54-0449173

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 15, 2018

620 Moorefield Park Drive Suite 120Richmond, VA 23236-3692

(804) 330-3312

Siviq Scores

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

Liabilities / Assets

40th percentile

0.11x

Higher debt load relative to assets than 40% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

49th percentile

0.17x

Higher debt load relative to revenue than 49% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

75th percentile

11%

Higher net margin than 75% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

91st percentile

$326,848

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 12.7% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

80th percentile

17%

Faster asset growth than 80% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

69th percentile

9.6%

Faster revenue growth than 69% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$3,762,479

Up $556,724 (+17%) from 2016

Net Assets

Up

$3,331,320

Up $542,992 (+19%) from 2016

Liabilities

Up

$431,159

Up $13,732 (+3.3%) from 2016

Revenue

Up

$2,566,497

Up $225,492 (+9.6%) from 2016

Expenses

Up

$2,275,179

Up $86,612 (+4.0%) from 2016

Net Income

Up

$291,318

Up $138,880 (+91%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,586,820Liabilities 2010: $310,231Net Assets 2010: $1,276,5892010Assets 2011: $1,877,419Liabilities 2011: $370,560Net Assets 2011: $1,506,8592011Assets 2012: $2,208,886Liabilities 2012: $322,979Net Assets 2012: $1,885,9072012Assets 2013: $2,352,640Liabilities 2013: $255,612Net Assets 2013: $2,097,0282013Assets 2014: $2,662,063Liabilities 2014: $270,778Net Assets 2014: $2,391,2852014Assets 2015: $2,754,590Liabilities 2015: $246,622Net Assets 2015: $2,507,9682015Assets 2016: $3,205,755Liabilities 2016: $417,427Net Assets 2016: $2,788,3282016Assets 2017: $3,762,479Liabilities 2017: $431,159Net Assets 2017: $3,331,3202017Assets 2018: $3,523,438Liabilities 2018: $345,333Net Assets 2018: $3,178,1052018Assets 2019: $4,130,118Liabilities 2019: $423,714Net Assets 2019: $3,706,4042019Assets 2020: $4,227,735Liabilities 2020: $705,142Net Assets 2020: $3,522,5932020Assets 2021: $5,053,549Liabilities 2021: $1,022,736Net Assets 2021: $4,030,8132021Assets 2022: $5,195,264Liabilities 2022: $1,075,802Net Assets 2022: $4,119,4622022Assets 2023: $5,771,491Liabilities 2023: $1,221,646Net Assets 2023: $4,549,8452023Assets 2024: $5,913,344Liabilities 2024: $961,158Net Assets 2024: $4,952,1862024

Highlighted filing

2017

Assets$3,762,479
Liabilities$431,159
Net Assets$3,331,320

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,567,5372010Expenses 2011: $1,642,3132011Expenses 2012: $1,695,4872012Revenue 2013: $2,131,673Expenses 2013: $1,984,026Net Income 2013: $147,6472013Revenue 2014: $2,110,289Expenses 2014: $1,843,519Net Income 2014: $266,7702014Revenue 2015: $2,307,422Expenses 2015: $2,043,391Net Income 2015: $264,0312015Revenue 2016: $2,341,005Expenses 2016: $2,188,567Net Income 2016: $152,4382016Revenue 2017: $2,566,497Expenses 2017: $2,275,179Net Income 2017: $291,3182017Revenue 2018: $2,839,301Expenses 2018: $2,615,072Net Income 2018: $224,2292018Revenue 2019: $2,906,282Expenses 2019: $2,750,381Net Income 2019: $155,9012019Revenue 2020: $1,864,749Expenses 2020: $2,419,593Net Income 2020: -$554,8442020Revenue 2021: $2,704,280Expenses 2021: $2,346,655Net Income 2021: $357,6252021Revenue 2022: $3,106,562Expenses 2022: $2,647,131Net Income 2022: $459,4312022Revenue 2023: $2,976,544Expenses 2023: $2,757,555Net Income 2023: $218,9892023Revenue 2024: $3,322,604Expenses 2024: $3,071,117Net Income 2024: $251,4872024

Highlighted filing

2017

Revenue$2,566,497
Expenses$2,275,179
Net Income$291,318
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 15, 2018
Return Version
2017v2.3
Gross Receipts
$2,745,494
Mission and Program Overview

Mission

The virginia transportation construction alliance is dedicated to advancing the state's transportation construction and aggregates industries through education, professional development and political advocacy. To facilitate working relationships between the industry and the virginia department of transportation,the virginia department of mines, minerals and energy and the virginia department of environmental quality, among others. To provide targeted education to the industry. A variety of conferences, workshops, seminars and special events are offered. To protect and enhance transportation revenues through an aggressive government relations program. To promote public and legislative awareness of the advantages of a progressive transportation system. To stimulate interest in the industries as a desirable place to build a successful career. Numerous scholarships and work force development programs are offered.

The virginia transportation construction alliance is dedicated to advancing the state's transportation construction and aggregates industries through education, professional development and political advocacy. To facilitate working relationships between the industry and the virginia department of transportation,the virginia department of mines, minerals and energy and the virginia department of environmental quality, among others. To provide targeted education to the industry. A variety of conferences, workshops, seminars and special events are offered. To protect and enhance transportation revenues through a government relations program. To promote public and legislative awareness of the advantages of a progressive transportation system. To stimulate interest in the industries as a desirable place to build a successful career. Numerous scholarships and work force development programs are offered.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,061,420$2,512,283▲ $450,863
Cash and Non-Interest-Bearing Accounts$430,476$662,343▲ $231,867
Savings and Temporary Cash Investments$556,463$429,683▼ $126,780
Land, Buildings, and Equipment, Net$122,280$78,089▼ $44,191
Prepaid Expenses and Deferred Charges$25,741$52,869▲ $27,128
Intangible Assets-$13,416-
Accounts Receivable$7,359$13,188▲ $5,829
Other Notes and Loans Receivable, Net$2,016$608▼ $1,408
Total Assets$3,205,755$3,762,479▲ $556,724
Liabilities
Deferred Revenue$304,455$304,296▼ $159
Accounts Payable and Accrued Expenses$112,972$126,863▲ $13,891
Total Liabilities$417,427$431,159▲ $13,732
Net Assets / Fund Balance
Unrestricted Net Assets$2,720,399$3,257,345▲ $536,946
Temporarily Rstr Net Assets$67,929$73,975▲ $6,046
Total Net Assets Fund Balance$2,788,328$3,331,320▲ $542,992
Total Liabilities and Net Assets / Fund Balance$3,205,755$3,762,479▲ $556,724

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$78,070$118,281$196,351
Other Land Buildings$19$4,222$4,241
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeffrey C SouthardExecutive VPFT$272,046$54,802$326,848
Revenue and Support

Revenue Composition

Contributions and Grants
$1,212,756
Program Service Revenue
$1,251,158
Investment Income
$92,579
Other Revenue
$10,004
Change in Net Assets
$291,318

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,566,497
Revenue Not Reported on Form 990
$251,674
Total Revenue per Audited Statements
$2,818,171
Total Revenue per Form 990
$2,566,497
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,142,711
Salaries, Compensation, and Employee Benefits$1,107,218
Grants and Similar Amounts Paid$25,250
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$555,792--$555,792
Conferences and Meetings$487,938--$487,938
Current Officers, Directors, Trustees, and Key Employees$272,046--$272,046
Fees for Services Lobbying-$120,580-$120,580
Other Employee Benefits$119,144--$119,144
Payments to Affiliates$115,000--$115,000
Pension Plan Contributions$106,851--$106,851
All Other Expenses$82,718--$82,718
Occupancy$79,735--$79,735
Payroll Taxes$53,385--$53,385
Office Expenses$32,693--$32,693
Travel$30,784--$30,784
Depreciation Depletion$28,345--$28,345
Grants to Domestic Individuals$25,250--$25,250
Fees for Services Accounting$24,005--$24,005
Insurance$14,532--$14,532
Other Expenses$13,250--$13,250
Total Functional Expenses$2,154,599$120,580$0$2,275,179

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,275,179
Total Expenses per Audited Statements$2,275,179
Total Expenses per Form 990$2,275,179
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
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$39,099
Total Nondeductible Lobbying and Political Cost$-28,616
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

Members participate in the election of the board of directors.

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by executive vice president, director of adminstration and business manager prior to filing. In addition the board is notified that the 990 is available for any member who wishes to review it.

Form 990, Page 6, Part VI, Line 12C

Board members and staff are required, annually, to sign the conflict of interest disclosure statement. The executive vice president reviews all contracts and monitors their implementation.

Form 990, Page 6, Part VI, Line 15A

The executive vice president's compensation and pension are annually established and also reviewed by the board of directors to ensure it is in-line with industry standards.

Form 990, Page 6, Part VI, Line 15B

Board reviews all employee salaries annually

Form 990, Page 6, Part VI, Line 19

Governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Virginia Transportation
EIN
54-0449173
Phone
8043303312
Address
620 MOOREFIELD PARK DRIVE SUITE 120, RICHMOND, VA 23236-3692

Signing Officer

Name
Jeffrey C Southard
Title
Executive VP
Phone
8043303312
Signed
2018-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey C Southard
Formed
1943
Legal Domicile
Va
Voting Board Members
21
Independent Board Members
21
Employees
10
Volunteers
202

Preparer

Firm
Harris Hardy & Johnstone Pc
Address
300 ARBORETUM PL STE 660, RICHMOND, VA 23236
Preparer
George G Crowell CPA
Phone
8045600560
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The virginia transportation construction alliance is dedicated to advancing the state's transportation construction and aggregates industries through education, professional development and political advocacy. To facilitate working relationships between the industry and the virginia department of transportation,the virginia department of mines, minerals and energy and the virginia department of environmental quality, among others. To provide targeted education to the industry. A variety of conferences, workshops, seminars and special events are offered. To protect and enhance transportation revenues through a government relations program. To promote public and legislative awareness of the advantages of a progressive transportation system. To stimulate interest in the industries as a desirable place to build a successful career. Numerous scholarships and work force development programs are offered.

Financial Statement Notes

Schedule D, Page 3, Part X

The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the association may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the association and various positions related to the potential sources of unrelated business taxable income (ubti). The association has recognized no uncertain tax positions for the year ended december 31, 2017. The association is generally no longer subject to examination by the internal revenue service for years before 2014.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY-TR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20EXECUTIVE VP
IRS990/Form990PartVIISectionAGrp/TitleTxt21PAST PRESIDE
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IRS990/MissionDesc0THE VIRGINIA TRANSPORTATION CONSTRUCTION ALLIANCE IS DEDICATED TO ADVANCING THE STATE'S TRANSPORTATION CONSTRUCTION AND AGGREGATES INDUSTRIES THROUGH EDUCATION, PROFESSIONAL DEVELOPMENT AND POLITICAL ADVOCACY. TO FACILITATE WORKING RELATIONSHIPS BETWEEN THE INDUSTRY AND THE VIRGINIA DEPARTMENT OF TRANSPORTATION,THE VIRGINIA DEPARTMENT OF MINES, MINERALS AND ENERGY AND THE VIRGINIA DEPARTMENT OF ENVIRONMENTAL QUALITY, AMONG OTHERS. TO PROVIDE TARGETED EDUCATION TO THE INDUSTRY. A VARIETY OF CONFERENCES, WORKSHOPS, SEMINARS AND SPECIAL EVENTS ARE OFFERED. TO PROTECT AND ENHANCE TRANSPORTATION REVENUES THROUGH A GOVERNMENT RELATIONS PROGRAM. TO PROMOTE PUBLIC AND LEGISLATIVE AWARENESS OF THE ADVANTAGES OF A PROGRESSIVE TRANSPORTATION SYSTEM. TO STIMULATE INTEREST IN THE INDUSTRIES AS A DESIRABLE PLACE TO BUILD A SUCCESSFUL CAREER. NUMEROUS SCHOLARSHIPS AND WORK FORCE DEVELOPMENT PROGRAMS ARE OFFERED.
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IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOOLS, SEMINARS AND WORKSHOPS PROVIDE NECESSARY TECHNICAL TRAINING ON A WIDE VARIETY OF TOPICS FOR AGGREGATE PRODUCERS, CONTRACTORS AND ENGINEERING PROFESSIONALS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0MEMBER, PUBLIC AND POLITICAL EDUCATION PROGRAMS ENHANCE UNDERSTANDING OF AND APPRECIATION FOR THE NEED FOR LONG TERM, SUSTAINABLE FUNDING FOR VIRGINIA'S TRANSPORTATION PROGRAMS.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.91$0.96$4.95$3.32$3.07$0.25
2023Detailed filing. Detailed filing data is available for this year.$5.77$1.22$4.55$2.98$2.76$0.22
2022Detailed filing. Detailed filing data is available for this year.$5.20$1.08$4.12$3.11$2.65$0.46
2021Detailed filing. Detailed filing data is available for this year.$5.05$1.02$4.03$2.70$2.35$0.36
2020Detailed filing. Detailed filing data is available for this year.$4.23$0.71$3.52$1.86$2.42$0.55
2019Detailed filing. Detailed filing data is available for this year.$4.13$0.42$3.71$2.91$2.75$0.16
2018Detailed filing. Detailed filing data is available for this year.$3.52$0.35$3.18$2.84$2.62$0.22
2017Detailed filing. Detailed filing data is available for this year.$3.76$0.43$3.33$2.57$2.28$0.29
2016Detailed filing. Detailed filing data is available for this year.$3.21$0.42$2.79$2.34$2.19$0.15
2015Detailed filing. Detailed filing data is available for this year.$2.75$0.25$2.51$2.31$2.04$0.26
2014Detailed filing. Detailed filing data is available for this year.$2.66$0.27$2.39$2.11$1.84$0.27
2013Detailed filing. Detailed filing data is available for this year.$2.35$0.26$2.10$2.13$1.98$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.21$0.32$1.89$1.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.88$0.37$1.51$1.64
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.31$1.28$1.57