RICHMOND COMMUNITY TOOLBANK (EIN 462383695) - 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

2013

Legal Domicile

Principal Officer

TOBY VERNON

Phone

8042190606

Tax Period

2024-01-01 to 2024-12-31

RICHMOND COMMUNITY TOOLBANK, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $226K in total revenue in fiscal year 2019. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

RICHMOND COMMUNITY TOOLBANK PROVIDES TOOLS TO ENHANCE THE CHARITABLE SECTOR'S CAPACITY TO SERVE, FACILITATING HANDS-ON VOLUNTEERISM IN THE GREATER RICHMOND AREA.

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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 $443,502

Program Service Revenue $197,626

Investment Income $0

Other Revenue $-5,291

TOTAL REVENUE $635,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $274,641

Fundraising Expenses $31,966

Program Expenses $416,762

Other Expenses $220,924

TOTAL EXPENSES $495,565

Year-over-Year Comparison

	2024	2023	Change
Revenue	$635,837	$494,776	+0.3%
Expenses	$495,565	$506,301	0.0%
Net Income	$140,272	$-11,525	-13.2%

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

2100

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

$89,915

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOBY VERNON	EXECUTIVE DI	40.00	Officer	$86,915	$3,000	$89,915
AMANDA GALVIN	PRESIDENT	3.00	Officer Director	$0	$0	$0
TODD CORNELL	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
MIKE RODGERS	TREASURER	3.00	Officer Director	$0	$0	$0
HEATHER DIEHL	SECRETARY	3.00	Officer Director	$0	$0	$0
STEVE SCHRODER	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL JOYCE	DIRECTOR	3.00	Director	$0	$0	$0
CHRIS SESSA	DIRECTOR	3.00	Director	$0	$0	$0
KATIE CHALMERS	DIRECTOR	3.00	Director	$0	$0	$0
CALVIN PUGH	DIRECTOR	3.00	Director	$0	$0	$0
MARY HENRY	DIRECTOR	3.00	Director	$0	$0	$0
RYAN KIRTNER	DIRECTOR	3.00	Director	$0	$0	$0
KAETLIN COLLINS	DIRECTOR	3.00	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	$635,837	$495,565	$949,371	$140,272
2023	$494,776	$506,301	$506,251	$-11,525
2022	$502,540	$448,441	$615,181	$54,099
2021	$439,803	$358,959	$421,989	$80,844
2020	$242,655	$247,151	$341,912	$-4,496
2019	$225,661	$234,442	$346,408	$-8,781

RICHMOND COMMUNITY TOOLBANK