Civic Intelligence

Virginia Financial Services Inc

EIN 54-6051675 • 501(c)6 • Richmond, VA

Profile

Business association 501(c)(6)

1051 E Cary St 1420Richmond, VA 23219

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

50th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

89th percentile

31%

Higher net margin than 89% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

89th percentile

$27,000

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 37.3% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2015

Asset Growth

87th percentile

31%

Faster asset growth than 87% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

70th percentile

13%

Faster revenue growth than 70% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$102,733

Up $24,150 (+31%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$102,733

Up $24,150 (+31%) from 2023

Revenue

Up

$77,610

Up $9,187 (+13%) from 2023

Expenses

Down

$53,460

Down $7,923 (-13%) from 2023

Net Income

Up

$24,150

Up $17,110 (+243%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2011: $5,416Net Assets 2011: $5,4162011Assets 2012: $9,252Net Assets 2012: $9,2522012Assets 2013: $18,977Net Assets 2013: $18,9772013Assets 2014: $23,626Net Assets 2014: $23,6262014Assets 2015: $63,393Liabilities 2015: $0Net Assets 2015: $63,3932015Assets 2016: $40,032Liabilities 2016: $0Net Assets 2016: $40,0322016Assets 2017: $45,404Liabilities 2017: $0Net Assets 2017: $45,4042017Assets 2018: $51,111Liabilities 2018: $0Net Assets 2018: $51,1112018Assets 2019: $48,913Liabilities 2019: $0Net Assets 2019: $48,9132019Assets 2020: $51,771Liabilities 2020: $0Net Assets 2020: $51,7712020Assets 2021: $50,013Liabilities 2021: $0Net Assets 2021: $50,0132021Assets 2022: $71,543Liabilities 2022: $0Net Assets 2022: $71,5432022Assets 2023: $78,583Liabilities 2023: $0Net Assets 2023: $78,5832023Assets 2024: $102,733Liabilities 2024: $0Net Assets 2024: $102,7332024

Highlighted filing

2024

Assets$102,733
Liabilities$0
Net Assets$102,733

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2011: $26,107Expenses 2011: $22,909Net Income 2011: $3,1982011Revenue 2012: $25,859Expenses 2012: $22,023Net Income 2012: $3,8362012Revenue 2013: $32,312Expenses 2013: $22,587Net Income 2013: $9,7252013Revenue 2014: $34,301Expenses 2014: $29,652Net Income 2014: $4,6492014Revenue 2015: $72,345Expenses 2015: $32,578Net Income 2015: $39,7672015Revenue 2016: $41,307Expenses 2016: $64,668Net Income 2016: -$23,3612016Revenue 2017: $52,074Expenses 2017: $46,702Net Income 2017: $5,3722017Revenue 2018: $71,938Expenses 2018: $66,231Net Income 2018: $5,7072018Revenue 2019: $52,502Expenses 2019: $54,700Net Income 2019: -$2,1982019Revenue 2020: $61,472Expenses 2020: $58,614Net Income 2020: $2,8582020Revenue 2021: $64,347Expenses 2021: $66,105Net Income 2021: -$1,7582021Revenue 2022: $91,098Expenses 2022: $69,568Net Income 2022: $21,5302022Revenue 2023: $68,423Expenses 2023: $61,383Net Income 2023: $7,0402023Revenue 2024: $77,610Expenses 2024: $53,460Net Income 2024: $24,1502024

Highlighted filing

2024

Revenue$77,610
Expenses$53,460
Net Income$24,150

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.78$0.53$0.24
2023Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$0.68$0.61$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.72$0.00$0.72$0.91$0.70$0.22
2021Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.64$0.66$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.61$0.59$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.49$0.53$0.55$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$0.72$0.66$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.52$0.47$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$0.41$0.65$0.23
2015Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$0.72$0.33$0.40
2014Detailed filing. Detailed filing data is available for this year.$0.24$0.24$0.34$0.30$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.19$0.19$0.32$0.23$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.09$0.26$0.22$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.05$0.26$0.23$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$77,610
Mission and Program Overview

Mission

Business association 501(c)(6)

Program Services

DescriptionGrantsExpenses
ORGANIZATION PROVIDES SUPPORT FOR FINANCIAL INSTITUTIONS IN VIRGINIA.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
THE SMITH GROUP INCJEFF D SMITHPresidentPT$51,003-$51,003
JON W SNEADDirector-$0--
DAN QUANNDirector-$0--
JEFF D SMITH IIISecretary/Treasurer-$0--
STEVE BRUMITDirector-$0--
BURNIE STAPLESDirector-$0--
TIM JENKINSDirector-$0--
CHRIS MCKINLEYDirector-$0--
BILL ALLENDirector-$0--
KENNY HAYNESDirector-$0--
PENNY JARBEAUChairman-$0--
SUMMER CLEVENGERDirector-$0--
Political and Lobbying Activity
In-house lobbying only
No

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$4,100
Total Nondeductible Lobbying and Political Cost$4,100
Filing and Contact Details

Filer

Filer Name
Virginia Financial Services Inc
EIN
54-6051675
Phone
8043532322
Address
1051 E CARY ST 1420, RICHMOND, VA 23219

Signing Officer

Name
Jefferson D Smith Iv
Title
President
Phone
8043532322
Signed
2025-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Roseline Tax Advisors Pllc
Address
140 VIRGINIA STREET SUITE 300, RICHMOND, VA 23219
Preparer
Ryan Y Thompson
Phone
8045457440
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: business registration fees. Amount: 225. Description: dues and subscriptions. Amount: 208. Description: supplies. Amount: 247. Description: travel. Amount: 1,065. Total to form 990-ez, line 16: 1,745.

Raw XML Appendix165 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum08043552322
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0RICHMOND
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0THE SMITH GROUP INCJEFF D SMITH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JON W SNEAD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DAN QUANN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JEFF D SMITH III
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11SUMMER CLEVENGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY/TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11DIRECTOR
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IRS990EZ/OtherExpensesTotalAmt01745
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0BUSINESS ASSOCIATION 501(C)(6)
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ORGANIZATION PROVIDES SUPPORT FOR FINANCIAL INSTITUTIONS IN VIRGINIA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
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IRS990EZ/WebsiteAddressTxt0N/A
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IRS990ScheduleC/DuesAssessmentsAmt077610
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IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleC/TaxableAmt0-19183
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: BUSINESS REGISTRATION FEES. AMOUNT: 225. DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 208. DESCRIPTION: SUPPLIES. AMOUNT: 247. DESCRIPTION: TRAVEL. AMOUNT: 1,065. TOTAL TO FORM 990-EZ, LINE 16: 1,745.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFERSON D SMITH IV
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08043532322
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VIRGINIA FINANCIAL SERVICES INC
ReturnHeader/Filer/BusinessNameControlTxt0VIRG
ReturnHeader/Filer/EIN0546051675
ReturnHeader/Filer/PhoneNum08043532322
ReturnHeader/Filer/USAddress/AddressLine1Txt01051 E CARY ST 1420
ReturnHeader/Filer/USAddress/CityNm0RICHMOND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023219
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203565336
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROSELINE TAX ADVISORS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0140 VIRGINIA STREET SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RICHMOND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023219
ReturnHeader/PreparerPersonGrp/PhoneNum08045457440
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RYAN Y THOMPSON
ReturnHeader/ReturnTs02025-11-14T14:56:56-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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