RICHMOND STREET COMMUNITY DEVELOPMENT CORPORATION (EIN 271345340) - 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

2009

Legal Domicile

Principal Officer

JOSEPH A GARBARINO

Phone

2152893389

Tax Period

2024-07-01 to 2025-06-30

RICHMOND STREET COMMUNITY DEVELOPMENT CORPORATION, founded in 2009, is a small nonprofit in the Education sector that reported $748K in total revenue in fiscal year 2024. Expenses of $1.3M exceeded revenue, resulting in a 78% operating deficit.

Mission

TO PROVIDE A BUILDING FACILITY TO A CHARTER SCHOOL LOCATED IN PHILADELPHIA, PA.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $748,179

TOTAL REVENUE $748,179

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,334,797

Other Expenses $1,334,797

TOTAL EXPENSES $1,334,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$748,179	$748,243	0.0%
Expenses	$1,334,797	$1,429,737	-0.1%
Net Income	$-586,618	$-681,494	-0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELE KRAJEWSKI LEFT 102024	BOARD MEMBER	0.25	Director	$0	$0	$0
THOMAS CONWAY	SECRETARY	0.25	Officer Director	$0	$0	$0
CHRISTOPHER CREELMAN	TREASURER	0.25	Officer Director	$0	$0	$0
JOSEPH A GARBARINO	BOARD CHAIR	0.25	Officer Director	$0	$0	$0
MICHAEL GRASSO	BOARD MEMBER	0.25	Director	$0	$0	$0
THOMAS MCDADE III	VICE CHAIR	0.25	Officer Director	$0	$0	$0
EUGENE MCALEER	BOARD MEMBER	0.25	Director	$0	$0	$0
KARI SMITH	BOARD MEMBER	0.25	Director	$0	$0	$0

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
2025	$748,179	$1,334,797	$14,256,912	$-586,618
2024	No data	No data	No data	No data
2023	$748,243	$1,235,554	$15,273,164	$-487,311
2022	$748,371	$907,039	$15,735,863	$-158,668
2021	$814,727	$1,347,082	$16,228,933	$-532,355
2020	$1,013,746	$1,039,539	$16,571,381	$-25,793
2019	$998,044	$1,033,695	$16,990,410	$-35,651

RICHMOND STREET COMMUNITY DEVELOPMENT CORPORATION