Virginia Private Colleges Benefits Consortium
Legal name: Virginia Private Colleges Benefits Consortium Inc
Nonprofit profile at a glance
- EIN
- 271367957
- IRS 990 coverage
- 2010–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Bedford, VA, US
- Phone
- (540) 682-4480
- Rating confidence
- Limited
- Sector
- Voluntary Employees Beneficiary Associations (Non-Government)
Reported finances
- Revenue
- $46,275,457
- Expenses
- $46,623,967
- Assets
- $21,248,949
- Liabilities
- $4,087,796
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- TIM KLOPFENSTEIN (EXECUTIVE DIRECTOR)
Highest reported compensation
- WANDA GARDNER (ASSISTANT SECRETARY): $2,756 total reported compensation
- TIM KLOPFENSTEIN (EXECUTIVE DIRECTOR): $2,595 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Virginia private colleges benefits consortium, inc. Was organized to establish and maintain one or more health and welfare plans for the payment of life, sick, accident and other similar benefits which constitute an "employee welfare benefit plan" within the meaning of the employee retirement income security act of 1974. The plan is maintained for the benefit of the employees of various college and university members of Virginia private colleges benefits consortium, inc. And the sponsoring association.
What it reported doing in 2025
Medical, prescription drug, wellness, dental and vision benefits are provided to 3,100 faculty and staff at 17 private Virginia colleges and the sponsoring association.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 95
- Sustainability: 29
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.8%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 0.46; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 0.19; rating input score 53; 53rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 92; 92nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 4.1% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 6.7% per year; rating input score 100; 48th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 18 of 18 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $3K · 20 people listed
- Highest-paid contractors: 5 contractors listed · $4.5M reported
- Consistency: 12 of 12 current checks pass
- Schedules: 4 filed schedules
- Filing history: 15 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Related organizations: 18 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 18/100.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Review — Sustainability: Liabilities to assets ratio scored 53/100.