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← VIRGINIA AUTOMOBILE INSURANCE PLAN

Form 990 for tax year 2024

Filed by VIRGINIA AUTOMOBILE INSURANCE PLAN.

Totals

Total revenue
$426,389
Total expenses
$805,248
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$404,064
Investment income
$22,628
Other revenue
-$303
Total assets, end of year
$517,168
Total liabilities, end of year
$1,172,068
Net assets or fund balances, end of year
-$654,900
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Premiums Earned

    total $404,064 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $22,628 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Misc. Income

    total $411 · related or exempt $411 · unrelated business $0 · excluded $0

  • 11b · Other revenue: Premium Charge off

    total -$714 · related or exempt -$714 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    -$303

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $58,827 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total -$227 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $13,190 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $20,871 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $37,848 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $3,912 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $1,969 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $1,444 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $43 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Losses Incurred

    total $406,502 · program services $0 · management and general $0 · fundraising $0

  • 24b · Other expenses: LAE Incurred

    total $58,547 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses: Servicing Provider Operating

    total $26,557 · program services $0 · management and general $0 · fundraising $0

  • 24d · Other expenses: Commissions

    total $44,670 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $131,095 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $424,695 · end of year $517,168

  • 3 · Pledges and grants receivable

    beginning of year $24,456 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,583 · end of year $28,372

  • 25 · Other liabilities

    beginning of year $822,401 · end of year $1,143,696

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$396,833 · end of year -$654,900

Mission and programs · 2024

Mission

To provide motor vehicle insurance for those persons not able to obtain coverage in the voluntary market.

  • To provide motor vehicle insurance for those persons not able to obtain coverage in the voluntary market.

As filed on the 2024 return.

Listed in Part VII

  • Amica Mutual Ins Co

    Gov Comm Member

    Total calculated
    $0
    Hours/week
    1

  • Government Employees Ins

    Gov Comm Member

    Total calculated
    $0
    Hours/week
    1

  • Progressive Cas Ins Co

    Gov Comm Member

    Total calculated
    $0
    Hours/week
    1

  • Bristol West Ins-Ron Wiest

    Gov Comm Member

    Total calculated
    $0
    Hours/week
    1

  • Travelers

    Gov Comm Member

    Total calculated
    $0
    Hours/week
    1

  • Nationwide Mutual Ins Co

    Gov Comm Member

    Total calculated
    $0
    Hours/week
    1

  • State Farm Mutual Auto Ins Co

    Gov Comm Member

    Total calculated
    $0
    Hours/week
    1

  • Allstate Insurance Co

    Gov Comm Member

    Total calculated
    $0
    Hours/week
    1

  • Brown & Brown Ins Srvcs Inc-Melissa Ferguson

    Gov Comm Member

    Total calculated
    $0
    Hours/week
    1

  • Salzberg Ins Agy-Ralph Soussan

    Gov Comm Member

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
9 October 2025
IRS schema version
2024v5.2
Source object
202502809349301630

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