Ridgecrest at Richfield (EIN 260821403) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Phone

5403804500

Tax Period

2023-10-01 to 2024-09-30

RIDGECREST AT RICHFIELD, founded in 2008, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2017.

Mission

TO PROVIDE INDEPENDENT, AFFORDABLE, HIGH-QUALITY HOUSING AND RELATED AMENITIES AND SERVICES FOR SENIOR INDIVIDUALS AND FAMILIES OF THE GREATER ROANOKE VALLEY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,149,314

Investment Income $104,130

Other Revenue $0

TOTAL REVENUE $1,253,444

Expense Breakdown

Grants Paid $0

Salaries & Benefits $176,542

Fundraising Expenses $0

Program Expenses $820,294

Other Expenses $949,431

TOTAL EXPENSES $1,125,973

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,253,444	$1,239,290	+0.0%
Expenses	$1,125,973	$1,082,958	+0.0%
Net Income	$127,471	$156,332	-0.2%

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

$529,213

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Thornhill	Director	2.0	Director	$0	$0	$0
Donnovan Young	Director	2.0	Director	$0	$0	$0
Kirtesh Patel	Director	2.0	Director	$0	$0	$0
Sydney Nordt	Director	2.0	Director	$0	$0	$0
George Zubrod	CEO	2.0	Officer	$0	$0	$32,550
Mary P Clements	CFO	2.0	Officer	$0	$19,183	$305,151
Tonya Woolwine	Executive/Corp Secretary	2.0	Officer	$0	$31,312	$191,512

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	$1,253,444	$1,125,973	$2,264,975	$127,471
2023	$1,239,290	$1,082,958	$2,232,628	$156,332
2022	$1,252,864	$1,154,149	$2,089,924	$98,715
2021	$1,099,799	$1,056,883	$1,944,565	$42,916
2020	$1,089,112	$1,092,404	$2,132,886	$-3,292
2019	$1,081,238	$1,133,370	$2,155,137	$-52,132
2018	$1,056,791	$1,093,994	$2,412,720	$-37,203

Ridgecrest at Richfield