Redwood Community Association

EIN: 454156093 Community Improvement

Glade Hill, VA

Total Revenue
$63,565
Total Expenses
$34,969
Total Assets
$192,721
Net Assets
$56,888
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
VA
Principal Officer
Stephen Bousman
Phone
5402430045
Tax Period
2023-01-01 to 2023-12-31

Redwood Community Association, founded in 2012, is a micro nonprofit in the Community Improvement sector that reported $71K in total revenue in fiscal year 2018. The organization ran a surplus of $15K, a strong 21% operating margin.

Mission

Organized to assist persons, organizations and entities determined by the Association to be in need of assistance with the goal to provide for a better community through fellowship.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $14,000
Program Service Revenue $0
Investment Income $21
Other Revenue $49,544
TOTAL REVENUE $63,565

Expense Breakdown

Grants Paid $4,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $34,969
Other Expenses $30,969
TOTAL EXPENSES $34,969

Year-over-Year Comparison

2023 2022 Change
Revenue $63,565 $4,465 +13.2%
Expenses $34,969 $14,187 +1.5%
Net Income $28,596 $-9,722 -3.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
5
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephen Bousman Presiden/Directort 020.00
Officer Director
$0 $0 $0
Stephen Bousman Jr VP/Director 010.00
Officer Director
$0 $0 $0
Janice Bousman Secretary/Director 005.00
Officer Director
$0 $0 $0
Barbara Price Treasurer/Director 005.00
Officer Director
$0 $0 $0
Emmett Thompson Director 001.00
Director
$0 $0 $0
J C Ayers Director 001.00
Director
$0 $0 $0
Junior Bailey Director 001.00
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
2023 $63,565 $34,969 $192,721 $28,596
2022 $4,465 $14,187 $165,550 $-9,722
2021 $120,626 $119,541 $181,546 $1,085
2020 $34,374 $3,923 $181,294 $30,451
2019 $55,454 $30,814 $61,606 $24,640
2018 $70,805 $55,999 $36,966 $14,806
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