DIVERSITY RICHMOND INC (EIN 311669279) - 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

1999

Legal Domicile

Principal Officer

JAMES HARTMAN

Phone

8043538890

Tax Period

2024-01-01 to 2024-12-31

DIVERSITY RICHMOND INC, founded in 1999, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2018. Expenses of $945K left a modest 14% surplus.

Mission

DIVERSITY RICHMOND IS THE HUB OF THE LGBTQ+ COMMUNITY OF GREATER RICHMOND CONNECTING PEOPLE, PARTNERS AND PROGRAMS IN OUR WORK AS A CATALYST, A VOICE, A PLACE AND A RESOURCE. WE ENVISION A WELCOMING, INCLUSIVE AND SAFE REGION FOR LGBTQ+ PEOPLE, FAMILIES, AND ALLIES TO LIVE, WORK, PLAY, AND VISIT. OUR WORK IS GUIDED BY THE VALUES OF ACCOUNTABILITY, BELONGING, COMMUNITY, FUTURE GENERATIONS AND MAKING A DIFFERENCE. IN 2025 OVER 35,000 PEOPLE ATTENDED EVENTS PRODUCED OR PROMOTED BY DIVERSITY RICHMOND. SPECIFICALLY, THE ORGANIZATION PROVIDES: 1. MEETING SPACE TO FOUR (4) TWELVE-STEP RECOVERY PROGRAMS (E.G., ALCOHOLICS ANONYMOUS) AND THREE (3) SUPPORT GROUPS IN ADDITION TO OTHER LOCAL NON- PROFIT ORGANIZATIONS. DIVERSITY RICHMOND OCCUPIES A 47,000 SQUARE FOOT FACILITY IN RICHMOND, VIRGINIA THAT PROVIDES FLEXIBLE MEETING AND PROGRAMMING SPACE FOR LGBTQ+ PEOPLE, FOR THE GROUPS THAT PROVIDE SERVICES TO THEM, AND FOR PEOPLE AND GROUPS IN CENTRAL VIRGINIA THAT SUPPORT THE ORGANIZATION'S MISSION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $633,125

Program Service Revenue $1,487,441

Investment Income $35,608

Other Revenue $-28,375

TOTAL REVENUE $2,127,799

Expense Breakdown

Grants Paid $68,326

Salaries & Benefits $1,117,371

Fundraising Expenses $52,372

Program Expenses $1,951,303

Other Expenses $1,022,832

TOTAL EXPENSES $2,208,529

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,127,799	$2,132,658	0.0%
Expenses	$2,208,529	$2,299,126	0.0%
Net Income	$-80,730	$-166,468	-0.5%

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

$113,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LACETTE CROSS	EXECUTIVE DI	40.00	Officer	$113,400	$0	$113,400
KERI ABRAMS	BOARD VICE C	4.00	Officer Director	$0	$0	$0
KEVIN ALLISON	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
JOE COX	DIRECTOR	2.00	Director	$0	$0	$0
SHARON DENTON-REED	DIRECTOR	2.00	Director	$0	$0	$0
LUISE FARMER	SECRETARY	4.00	Officer Director	$0	$0	$0
JAMES HARTMAN	DIRECTOR	2.00	Director	$0	$0	$0
JAIDE HINDS-CLARKE	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER MOORE	DIRECTOR	2.00	Director	$0	$0	$0
ARCHANA PATHAK	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL-BIRCH PIERCE	DIRECTOR	2.00	Director	$0	$0	$0
JEAN SEGNER	TREASURER	4.00	Officer Director	$0	$0	$0
ROMILDA P SMITH	DIRECTOR	2.00	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
2024	$2,127,799	$2,208,529	$2,697,416	$-80,730
2023	$2,132,658	$2,299,126	$2,918,452	$-166,468
2022	$1,842,200	$1,862,252	$3,131,590	$-20,052
2021	$1,987,797	$1,483,189	$3,362,662	$504,608
2020	$1,206,982	$1,145,037	$2,641,375	$61,945
2019	$1,332,692	$1,093,641	$2,616,148	$239,051
2018	$1,093,145	$944,954	$2,417,683	$148,191

DIVERSITY RICHMOND INC