As soon as former Republican Party of Virginia Chairman Pat Mullins announced his retirement, liquidity at RPV all but dried up and the chairman de facto, John Whitbeck, could do nothing to stop it.
From April-November, under the Mullins-Shaun Kenney team, RPV net worth was growing. In a graph provided by BVBL.net, we see that RPV net worth actually exceeds $100k:
Then, post-Mullins announcement, despite John Whitbeck effectively securing the RPV chairman’s nod very early in the process and becoming the de facto leader, RPV net worth plummets.
While there is certainly more than enough blame to go around in this situation, it is pretty clear that the transition has thus far not been kind to Chairman Whitbeck. Donors are just not as comfortable with him at the reins as they were with Mullins.
Perhaps this is just the growing pains of transition, but it’s very clear where RPV’s finances took a nose dive in November with the outlays for the Advance, retirement of Mullins, and the assumption of leadership by Whitbeck. The nosedive certainly didn’t happen from April-November.