RICHARDSON CENTER CORPORATION (EIN 205148995) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

PARIS ROSELLI

Phone

7166011150

Tax Period

2024-01-01 to 2024-12-31

RICHARDSON CENTER CORPORATION, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 333% from the prior year, signaling strong growth momentum. The organization ran a surplus of $769K, a strong 57% operating margin.

Mission

THE REHABILITATION OF THE NATIONAL HISTORIC LANDMARK RICHARDSON OLMSTED CAMPUS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,051,501

Program Service Revenue $0

Investment Income $16,155

Other Revenue $281,176

TOTAL REVENUE $1,348,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,525

Fundraising Expenses $23,045

Program Expenses $439,229

Other Expenses $442,280

TOTAL EXPENSES $579,805

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,348,832	$311,633	+3.3%
Expenses	$579,805	$508,047	+0.1%
Net Income	$769,027	$-196,414	-4.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$200,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL HOJNACKI	CHAIRPERSON	3.00	Officer Director	$0	$0	$0
PAUL CIMINELLI	VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
MARK KERCHER	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTOPHER GREENE	SECRETARY	3.00	Officer Director	$0	$0	$0
MICHAEL ANTHONY	DIRECTOR	0.75	Director	$0	$0	$0
MICHAEL BONITATIBUS	DIRECTOR	0.50	Director	$0	$0	$0
CLINTON BROWN	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM JONES	DIRECTOR	0.50	Director	$0	$0	$0
JUDI LIPSEY	DIRECTOR	0.50	Director	$0	$0	$0
JAMES OBLETZ	DIRECTOR	0.50	Director	$0	$0	$0
MOLLY QUACKENBUSH	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT SHIBLEY	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD SMITH	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK WHALEN	DIRECTOR	0.50	Director	$0	$0	$0
PARIS ROSELLI	PRESIDENT	20.00	Officer	$179,231	$21,019	$200,250

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,348,832	$579,805	$53,590,959	$769,027
2023	$311,633	$508,047	$58,533,303	$-196,414
2022	$501,725	$500,064	$62,441,512	$1,661
2021	$970,899	$917,494	$67,606,144	$53,405
2020	$581,454	$650,766	$69,762,887	$-69,312
2019	$1,136,621	$792,579	$72,455,688	$344,042
2018	$1,149,196	$775,177	$74,704,353	$374,019

RICHARDSON CENTER CORPORATION