THE RR SMITH CENTER FOUNDATION

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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

2005

Legal Domicile

Principal Officer

DUANE BARRON

Phone

5408850653

Tax Period

2022-07-01 to 2023-06-30

THE RR SMITH CENTER FOUNDATION, founded in 2005, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $22K in total revenue in fiscal year 2022.

Mission

THE R.R. SMITH CENTER FOUNDATION'S MISSION IS TO SECURE FUNDING TO SUSTAINABLY MANAGE AND MAINTAIN THE R.R. SMITH CENTER FOR HISTORY AND ART.

Program Service Accomplishments

Program 1

Expenses: $4,934

THE R.R. SMITH CENTER FOUNDATION SUPPORTS, AUGMENTS AND ENHANCES THE R.R. SMITH CENTER FOR HISTORY AND ART (THE "SMITH CENTER") IN STAUNTON, VIRGINIA. THE SMITH CENTER HAS BEEN CREATED TO PROVIDE A HEADQUARTERS FOR THREE NON-PROFIT ORGANIZATIONS WHICH ARE CENTRAL TO THE CULTURAL LIFE OF STAUNTON AND AUGUSTA COUNTY. THEY ARE THE AUGUSTA COUNTY HISTORICAL SOCIETY, THE HISTORIC STAUNTON FOUNDATION, AND THE STAUNTON AUGUSTA ART CENTER. THE GUIDING PHILOSOPHY BEHIND THE INTER-RELATIONSHIPS OF THE ORGANIZATIONS IN THE SMITH CENTER IS TO ENHANCE THE RESPECTIVE MISSIONS OF EACH OF THE NON-PROFIT ORGANIZATIONS WHILE PRESERVING THE AUTONOMY OF EACH.

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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 (2022)

Revenue Breakdown

Contributions & Grants $122,151

Program Service Revenue $0

Investment Income $0

Other Revenue $-144,172

TOTAL REVENUE $-22,021

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,934

Other Expenses $5,644

TOTAL EXPENSES $5,644

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-22,021	$-33,032	-0.3%
Expenses	$5,644	$4,940	+0.1%
Net Income	$-27,665	$-37,972	-0.3%

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
DUANE BARRON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM HARRINGTON	DIRECTOR	1.00	Officer Director	$0	$0	$0
KELLY GRANTIER	DIRECTOR	1.00	Officer Director	$0	$0	$0
RAY WRIGHT	TREASURER	1.00	Officer Director	$0	$0	$0
GREG CLEMMER	DIRECTOR	1.00	Officer Director	$0	$0	$0
RICK CHITTUM	DIRECTOR	1.00	Officer Director	$0	$0	$0
BARB SHUE	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIGETTE COWAN	DIRECTOR	1.00	Officer Director	$0	$0	$0
ANGUS CARTER	DIRECTOR	1.00	Officer Director	$0	$0	$0
FRANK STRASSLER	EXECUTIVE DI	1.00	Officer Director	$0	$0	$0
VALERIE LARKIN-SMITH	EXECUTIVE DI	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$-22,021	$5,644	$3,020,514	$-27,665
2022	$-33,032	$4,940	$3,142,273	$-37,972
2021	$165,450	$9,983	$3,244,962	$155,467
2020	$-131,115	$3,962	$3,328,755	$-135,077
2019	$-49,824	$4,423	$3,498,359	$-54,247
2018	$-62,005	$4,646	$3,583,387	$-66,651