Civic Intelligence

Virginia Bankers Association Group Benefits Trust

EIN 54-6198695 • 501(c)9 • Glen Allen, VA

Profile

The veba trust holds the funds and insurance policies for the group welfare benefit plans sponsored by the virginia bankers association for its memberships' employees and beneficiaries.

4490 Cox RoadGlen Allen, VA 23060

none

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.26x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.14x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Net Margin

33rd percentile

-0.3%

Higher net margin than 33% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$26,513

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Asset Growth

17th percentile

-6.0%

Faster asset growth than 17% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

6th percentile

-30%

Faster revenue growth than 6% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$33,555,380

Down $2,147,405 (-6.0%) from 2023

Liabilities

Down

$8,611,295

Down $2,435,747 (-22%) from 2023

Net Assets

Up

$24,944,085

Up $288,342 (+1.2%) from 2023

Operations
Liabilities / Revenue69th percentileNet Margin33rd percentile

Revenue

Down

$60,920,473

Down $25,607,847 (-30%) from 2023

Expenses

Down

$61,111,419

Down $19,001,939 (-24%) from 2023

Net Income

Down

-$190,946

Down $6,605,908 (-103%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth17th percentile

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

$40M$30M$20M$10M$0Assets 2011: $15,645,719Liabilities 2011: $5,945,409Net Assets 2011: $9,700,3102011Assets 2012: $16,129,454Liabilities 2012: $6,754,543Net Assets 2012: $9,374,9112012Assets 2013: $16,533,031Liabilities 2013: $8,207,595Net Assets 2013: $8,325,4362013Assets 2014: $13,804,892Liabilities 2014: $9,643,452Net Assets 2014: $4,161,4402014Assets 2015: $17,741,812Liabilities 2015: $13,251,135Net Assets 2015: $4,490,6772015Assets 2016: $17,937,466Liabilities 2016: $10,209,958Net Assets 2016: $7,727,5082016Assets 2017: $21,908,560Liabilities 2017: $9,363,858Net Assets 2017: $12,544,7022017Assets 2018: $23,015,222Liabilities 2018: $9,181,573Net Assets 2018: $13,833,6492018Assets 2019: $25,104,427Liabilities 2019: $8,641,471Net Assets 2019: $16,462,9562019Assets 2020: $30,054,368Liabilities 2020: $10,607,103Net Assets 2020: $19,447,2652020Assets 2021: $33,617,508Liabilities 2021: $13,012,996Net Assets 2021: $20,604,5122021Assets 2022: $28,676,501Liabilities 2022: $11,221,030Net Assets 2022: $17,455,4712022Assets 2023: $35,702,785Liabilities 2023: $11,047,042Net Assets 2023: $24,655,7432023Assets 2024: $33,555,380Liabilities 2024: $8,611,295Net Assets 2024: $24,944,0852024

Highlighted filing

2024

Assets$33,555,380
Liabilities$8,611,295
Net Assets$24,944,085
Open 2024 Filing

Operations Trend

Revenue Growth6th percentile

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

$100M$50M$0-$50MRevenue 2011: $69,989,777Expenses 2011: $69,887,836Net Income 2011: $101,9412011Revenue 2012: $75,552,780Expenses 2012: $75,878,179Net Income 2012: -$325,3992012Revenue 2013: $77,783,459Expenses 2013: $78,832,934Net Income 2013: -$1,049,4752013Revenue 2014: $84,681,925Expenses 2014: $88,845,921Net Income 2014: -$4,163,9962014Revenue 2015: $78,515,157Expenses 2015: $78,185,920Net Income 2015: $329,2372015Revenue 2016: $79,242,037Expenses 2016: $75,993,653Net Income 2016: $3,248,3842016Revenue 2017: $78,536,974Expenses 2017: $73,732,244Net Income 2017: $4,804,7302017Revenue 2018: $77,356,562Expenses 2018: $76,067,615Net Income 2018: $1,288,9472018Revenue 2019: $75,845,337Expenses 2019: $73,216,030Net Income 2019: $2,629,3072019Revenue 2020: $80,394,924Expenses 2020: $77,410,615Net Income 2020: $2,984,3092020Revenue 2021: $79,896,107Expenses 2021: $78,738,860Net Income 2021: $1,157,2472021Revenue 2022: $79,067,523Expenses 2022: $82,186,820Net Income 2022: -$3,119,2972022Revenue 2023: $86,528,320Expenses 2023: $80,113,358Net Income 2023: $6,414,9622023Revenue 2024: $60,920,473Expenses 2024: $61,111,419Net Income 2024: -$190,9462024

Highlighted filing

2024

Revenue$60,920,473
Expenses$61,111,419
Net Income-$190,946
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$33,555,380
Liabilities
$8,611,295
Net assets
$24,944,085
Revenue
$60,920,473
Expenses
$61,111,419
Net income
-$190,946
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.6$8.61$24.9$60.9$61.1$0.19
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.7$11.0$24.7$86.5$80.1$6.41
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.7$11.2$17.5$79.1$82.2$3.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.6$13.0$20.6$79.9$78.7$1.16
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.1$10.6$19.4$80.4$77.4$2.98
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.1$8.64$16.5$75.8$73.2$2.63
2018Summary only. Only limited summary data is available for this year.$23.0$9.18$13.8$77.4$76.1$1.29
2017Summary only. Only limited summary data is available for this year.$21.9$9.36$12.5$78.5$73.7$4.80
2016Summary only. Only limited summary data is available for this year.$17.9$10.2$7.73$79.2$76.0$3.25
2015Summary only. Only limited summary data is available for this year.$17.7$13.3$4.49$78.5$78.2$0.33
2014Detailed filing. Detailed filing data is available for this year.$13.8$9.64$4.16$84.7$88.8$4.16
2013Detailed filing. Detailed filing data is available for this year.$16.5$8.21$8.33$77.8$78.8$1.05
2012Summary only. Only limited summary data is available for this year.$16.1$6.75$9.37$75.6$75.9$0.33
2011Summary only. Only limited summary data is available for this year.$15.6$5.95$9.70$70.0$69.9$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 15, 2025
Return Version
2024v5.2
Gross Receipts
$61,562,816
Mission and Program Overview

Mission

The veba trust holds the funds and insurance policies for the group welfare benefit plans sponsored by the virginia bankers association for its memberships' employees and beneficiaries.

Veba trust for the virginia bankers association group health benefit plans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$24,655,743$24,944,085▲ $288,342
Savings and Temporary Cash Investments$18,856,386$18,993,150▲ $136,764
Investments in Publicly Traded Securities$8,385,134$9,253,831▲ $868,697
Accounts Receivable$8,299,308$4,922,840▼ $3,376,468
Cash and Non-Interest-Bearing Accounts$161,957$385,559▲ $223,602
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$35,702,785$33,555,380▼ $2,147,405
Liabilities
Other Liabilities$6,805,612$6,714,476▼ $91,136
Accounts Payable and Accrued Expenses$4,241,430$1,896,819▼ $2,344,611
Total Liabilities$11,047,042$8,611,295▼ $2,435,747
Net Assets / Fund Balance
Total Net Assets Fund Balance$24,655,743$24,944,085▲ $288,342
Total Liabilities and Net Assets / Fund Balance$35,702,785$33,555,380▼ $2,147,405
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleBaseTotal
-Trustee$26,513$26,513

Board Members and Trustees

NameTitle
John R CaldwellChairman
Barry C ElswickBoard Member
Brandon LoreyBoard Member
C Taylor QuickeBoard Member
Elizabeth T BealeBoard Member
James Hendricks JrBoard Member
Jeff CulverBoard Member
Lara RamseyBoard Member
Melody D EmswilerBoard Member
Michelle R AustinBoard Member
Thomas CherryBoard Member
W Mark NelsonBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$59,456,315
Investment Income
$1,464,158
Other Revenue
$0
Change in Net Assets
$-190,946

Audited Revenue Reconciliation

Revenue per Audited Statements
$60,867,398
Revenue Not Reported on Financial Statements
$53,075
Revenue Not Reported on Form 990
$479,288
Total Revenue per Audited Statements
$61,346,686
Total Revenue per Form 990
$60,920,473
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$910,518
Salaries, Compensation, and Employee Benefits$26,154
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$60,174,747
Fees for Service Investment Mgmnt Fees---$26,513
Current Officers, Directors, Trustees, and Key Employees---$26,154
Other Expenses---$408
Total Functional Expenses$0$0$0$61,111,419

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$61,111,419
Expenses per Audited Statements$61,058,344
Total Expenses per Audited Statements$61,058,344
Expenses Not Reported on Financial Statements$53,075
Expenses Not Reported on Form 990$0
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Incurred But Not Reported Claims$5,830,879
Accrued State Income Tax$41,520
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
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, Part VI, Section B, Line 11B

“Form 990 is reviewed by the health and welfare committee of the vba benefits corporation's board of directors.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is distributed each year to the vba benefits corporation's board of directors.”

Form 990, Part VI, Section C, Line 19

“The organization does not make its governing documents, conflict of interest policy, or financial statements available to the public.”

Filing and Contact Details

Filer

Filer Name
Virginia Bankers Association Medical and
EIN
54-6198695
Phone
8048194727
Address
4490 COX ROAD, GLEN ALLEN, VA 23060

Signing Officer

Name
Stacy Puckett
Title
CFO
Phone
8048194727
Signed
2025-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacy Puckett
Formed
1989
Legal Domicile
Va
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Brown Edwards & Company Llp
Address
3906 ELECTRIC ROAD, ROANOKE, VA 24018
Preparer
Patrick Pittman
Phone
5403450936
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Income taxes: as evidenced by a tax determination letter dated june 25, 1990, the trust has received a favorable determination letter from the internal revenue service specifying that the trust is a voluntary employees beneficiary association and is a qualified trust under section 501(c)(9) of the internal revenue code and, accordingly, is generally exempt from taxation under the provisions of section 501(a) and the tax statues of the commonwealth of virginia to the extent th assets in the trust exceed statutory limits, the trust may be subject to tax on its unrelated business income. Accordingly, the accompanying financial statements do not reflect a provision or liability for federal and state income taxes. Management has determined that the trust does not have any material unrecognized tax benefits or obligations as of december 31, 2024, or 2023.”

Raw XML Appendix400 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
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsReceivableGrp/EOYAmt04922840
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0VEBA TRUST FOR THE VIRGINIA BANKERS ASSOCIATION GROUP HEALTH BENEFIT PLANS.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BenefitsToMembersGrp/TotalAmt060174747
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum08048194727
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04490 COX ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0GLEN ALLEN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd023060
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt024655743
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt024944085
IRS990/CashNonInterestBearingGrp/BOYAmt0161957
IRS990/CashNonInterestBearingGrp/EOYAmt0385559
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt026154
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt060174747
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01464158
IRS990/CYOtherExpensesAmt0910518
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt059456315
IRS990/CYRevenuesLessExpensesAmt0-190946
IRS990/CYSalariesCompEmpBnftPaidAmt026154
IRS990/CYTotalExpensesAmt061111419
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt060920473
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0PREMIUMS PAID FOR MEDICAL AND DENTAL COVERAGE
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt026513
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
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IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0TRUIST BANK
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
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IRS990/Form990PartVIISectionAGrp/PersonNm0JOHN R CALDWELL
IRS990/Form990PartVIISectionAGrp/PersonNm1THOMAS CHERRY
IRS990/Form990PartVIISectionAGrp/PersonNm2BARRY C ELSWICK
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHELLE R AUSTIN
IRS990/Form990PartVIISectionAGrp/PersonNm4W MARK NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm5JAMES HENDRICKS JR
IRS990/Form990PartVIISectionAGrp/PersonNm6ELIZABETH T BEALE
IRS990/Form990PartVIISectionAGrp/PersonNm7MELODY D EMSWILER
IRS990/Form990PartVIISectionAGrp/PersonNm8BRANDON LOREY
IRS990/Form990PartVIISectionAGrp/PersonNm9JEFF CULVER
IRS990/Form990PartVIISectionAGrp/PersonNm10C TAYLOR QUICKE
IRS990/Form990PartVIISectionAGrp/PersonNm11LARA RAMSEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
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IRS990/Form990TFiledInd01
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0801067
IRS990/GrossReceiptsAmt061562816
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InvestmentInJointVentureInd00
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IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0VEBA TRUST FOR THE VIRGINIA BANKERS ASSOCIATION GROUP HEALTH BENEFIT PLANS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0UBI TAXES, NET
IRS990/OtherExpensesGrp/Desc1BANK SERVICE CHARGE
IRS990/OtherExpensesGrp/TotalAmt0883597
IRS990/OtherExpensesGrp/TotalAmt1408
IRS990/OtherLiabilitiesGrp/BOYAmt06805612
IRS990/OtherLiabilitiesGrp/EOYAmt06714476
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IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt085327939
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IRS990/PYSalariesCompEmpBnftPaidAmt025521
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt086528320
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IRS990/ReconcilationRevenueExpnssAmt0-190946
IRS990/RegularMonitoringEnfrcInd01
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
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IRS990ScheduleD/FederalIncomeTaxLiabilityAmt0842077
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/InvestmentExpensesNotIncldAmt053075
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0479288
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt141520
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INCURRED BUT NOT REPORTED CLAIMS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED STATE INCOME TAX
IRS990ScheduleD/RevenueNotReportedAmt0479288
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt053075
IRS990ScheduleD/RevenueSubtotalAmt060867398
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCOME TAXES: AS EVIDENCED BY A TAX DETERMINATION LETTER DATED JUNE 25, 1990, THE TRUST HAS RECEIVED A FAVORABLE DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE SPECIFYING THAT THE TRUST IS A VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION AND IS A QUALIFIED TRUST UNDER SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS GENERALLY EXEMPT FROM TAXATION UNDER THE PROVISIONS OF SECTION 501(A) AND THE TAX STATUES OF THE COMMONWEALTH OF VIRGINIA TO THE EXTENT TH ASSETS IN THE TRUST EXCEED STATUTORY LIMITS, THE TRUST MAY BE SUBJECT TO TAX ON ITS UNRELATED BUSINESS INCOME. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. MANAGEMENT HAS DETERMINED THAT THE TRUST DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2024, OR 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt061111419
IRS990ScheduleD/TotalLiabilityAmt06714476
IRS990ScheduleD/TotalRevenuePerForm990Amt060920473
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt061346686
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt061058344
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE HEALTH AND WELFARE COMMITTEE OF THE VBA BENEFITS CORPORATION'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED EACH YEAR TO THE VBA BENEFITS CORPORATION'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0VIRGINIA BANK C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0541741662
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0PROVIDE HEALTH AND WELFARE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0VBA BENEFITS CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt04490 COX ROAD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0GLEN ALLAN
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0VIRGINIA BANKERS ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0540417722
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0REPRESENTS BANKING INDUSTRY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04490 COX ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0GLEN ALLEN
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
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IRS990ScheduleR/TransferToOtherOrgInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt035702785
IRS990/TotalAssetsEOYAmt033555380
IRS990/TotalAssetsGrp/BOYAmt035702785
IRS990/TotalAssetsGrp/EOYAmt033555380
IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalGrossUBIAmt01464158
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IRS990/TotalLiabilitiesGrp/BOYAmt011047042
IRS990/TotalLiabilitiesGrp/EOYAmt08611295
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt024944085
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IRS990/USAddress/ZIPCd023060
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STACY PUCKETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum08048194727
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VIRGINIA BANKERS ASSOCIATION MEDICAL AND
ReturnHeader/Filer/BusinessNameControlTxt0VIRG
ReturnHeader/Filer/EIN0546198695
ReturnHeader/Filer/PhoneNum08048194727
ReturnHeader/Filer/USAddress/AddressLine1Txt04490 COX ROAD
ReturnHeader/Filer/USAddress/CityNm0GLEN ALLEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023060
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0540504608
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BROWN EDWARDS & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03906 ELECTRIC ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROANOKE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd024018
ReturnHeader/PreparerPersonGrp/PhoneNum05403450936
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICK PITTMAN
ReturnHeader/ReturnTs02025-09-05T09:55:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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