The Commonwealth Institute for

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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

2010

Legal Domicile

Principal Officer

Ashley Kenneth

Tax Period

2023-01-01 to 2023-12-31

The Commonwealth Institute for, founded in 2010, is a community nonprofit in the Public & Societal Benefit sector that reported $2.4M in total revenue in fiscal year 2023. Expenses of $2.2M left a modest 8% surplus.

Mission

To use policy, research, and analysis to advance the well-being of Virginia communities, and improve the economic security and social opportunities of all Virginians.

Program Service Accomplishments

Program 1

Expenses: $1,807,339

The Institute provides credible, independent, and accessible information and analysis of fiscal and economic issues with particular attention to the impacts of low and moderate income persons. This is achieved through research, analysis, and education in the areas of budget & tax, labor & wage, health care, immigration, and decriminalization of poverty.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,342,594

Program Service Revenue $0

Investment Income $14,889

Other Revenue $497

TOTAL REVENUE $2,357,980

Expense Breakdown

Grants Paid $220,833

Salaries & Benefits $1,542,509

Fundraising Expenses $230,155

Program Expenses $1,807,339

Other Expenses $400,326

TOTAL EXPENSES $2,163,668

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,357,980	$2,298,835	+0.0%
Expenses	$2,163,668	$2,118,840	+0.0%
Net Income	$194,312	$179,995	+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

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

$319,454

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ashley Kenneth	President & CEO	40.00	Officer	$152,589	$23,619	$176,208
Leigh Anne Collier	Senior Vice President	40.00	Officer	$143,246	$0	$143,246
Eric Lin	Member	2.00	Director	$0	$0	$0
Jenny Sullivan	Member	2.00	Director	$0	$0	$0
Sharhonda Woods	Chair	2.00	Officer Director	$0	$0	$0
Cassandra Willis	Secretary	2.00	Officer Director	$0	$0	$0
Judy Conti	Vice Chair	2.00	Officer 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
2024	No data	No data	No data	No data
2023	$2,357,980	$2,163,668	$3,963,140	$194,312
2023	$2,246,254	$2,107,951	$3,863,756	$138,303
2022	$2,298,835	$2,118,840	$3,717,095	$179,995
2021	$2,951,328	$1,801,446	$3,474,221	$1,149,882
2020	$1,936,799	$1,761,674	$2,341,474	$175,125
2019	$2,194,098	$1,569,513	$2,101,922	$624,585
2018	$1,753,580	$1,454,973	$1,419,086	$298,607