RICHLAND COUNTY FOUNDATION (EIN 340872883) - 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

1945

Legal Domicile

Principal Officer

ALLURA WATSON

Phone

4195253020

Tax Period

2023-01-01 to 2023-12-31

RICHLAND COUNTY FOUNDATION, founded in 1945, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $12.6M in total revenue in fiscal year 2023. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.9M, a strong 39% operating margin.

Mission

THE MISSION OF THE RICHLAND COUNTY FOUNDATION IS TO IMPROVE THE QUALITY OF LIFE IN RICHLAND COUNTY THROUGH STRATEGIC PHILANTHROPY AND COMMUNITY LEADERSHIP. GRANTS ARE DISTRIBUTED FOR CHARITABLE PURPOSES IN THE AREAS OF HEALTH, ECONOMIC DEVELOPMENT, BASIC HUMAN NEEDS, EDUCATION, ENVIRONMENT, AND COMMUNITY SERVICES.

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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 $2,419,073

Program Service Revenue $0

Investment Income $10,144,495

Other Revenue $16,120

TOTAL REVENUE $12,579,688

Expense Breakdown

Grants Paid $6,239,943

Salaries & Benefits $712,711

Fundraising Expenses $366,590

Program Expenses $6,704,382

Other Expenses $765,277

TOTAL EXPENSES $7,717,931

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,579,688	$7,402,159	+0.7%
Expenses	$7,717,931	$10,000,527	-0.2%
Net Income	$4,861,757	$-2,598,368	-2.9%

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

$321,070

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADFORD S GROVES	FORMER PRESI	38.00	Officer	$158,555	$9,140	$167,695
RACHEL WEBER	DIRECTOR OF	38.00	Officer	$110,000	$16,851	$126,851
ROBERT T BARRETT	V.P. FINANCE	38.00	Officer	$22,771	$3,753	$26,524
KAREN BIERLY	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH BOCKA	TRUSTEE	1.00	Director	$0	$0	$0
BRIGETTE BURNELL	TRUSTEE	1.00	Director	$0	$0	$0
DAKOTA DURBIN	TRUSTEE	1.00	Director	$0	$0	$0
NIKIA FLETCHER	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA GRIBBEN	CHAIR	1.00	Officer Director	$0	$0	$0
JASON GUILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS HINER	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
BARBARA ZAUGG JOUDREY	TRUSTEE	1.00	Director	$0	$0	$0
JANA MULHERIN	TRUSTEE	1.00	Director	$0	$0	$0
THERESA ROTH	TRUSTEE	1.00	Director	$0	$0	$0
JOKITA SHETTY	SECRETARY	1.00	Officer Director	$0	$0	$0
JACK STEWART	TRUSTEE	1.00	Director	$0	$0	$0
LEE TASSEFF	TREASURER	1.00	Officer Director	$0	$0	$0
AARON WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
ALLURA WATSON	INCOMING PRE	38.00	Officer	$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	$12,579,688	$7,717,931	$206,192,641	$4,861,757
2022	$7,402,159	$10,000,527	$182,944,414	$-2,598,368
2021	$18,165,372	$8,040,060	$226,473,727	$10,125,312
2020	$14,162,541	$7,372,105	$200,574,462	$6,790,436
2019	$7,871,147	$7,112,502	$177,726,599	$758,645
2018	$18,166,315	$9,336,382	$153,570,295	$8,829,933

RICHLAND COUNTY FOUNDATION