Virginia Association of Recovery Residences Inc (EIN 475357211) - 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

2012

Legal Domicile

Principal Officer

Anthony W Grimes

Phone

8045931360

Tax Period

2023-01-01 to 2023-12-31

Virginia Association of Recovery Residences Inc, founded in 2012, is a community nonprofit in the Mental Health sector that reported $2.1M in total revenue in fiscal year 2021. Revenue surged 1182% from the prior year, signaling strong growth momentum.

Mission

Virginia Association of Recovery Residences, Inc.'s mission is to set high levels of standards for quality recovery residences in Virginia and accredit residences that meet such rigorous criteria in order to support persons in recovery with information and access to recovery residences bound together by the core principles of standards, ethics, and unity.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,024,226

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,024,226

Expense Breakdown

Grants Paid $4,643,472

Salaries & Benefits $343,754

Fundraising Expenses $0

Program Expenses $5,574,780

Other Expenses $699,481

TOTAL EXPENSES $5,686,707

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,024,226	$5,682,666	+0.1%
Expenses	$5,686,707	$5,258,623	+0.1%
Net Income	$337,519	$424,043	-0.2%

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

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

$184,154

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Sarah Scarbrough	President of the Board	2.00	Director	$0	$0	$0
Melissa Hinton	Treasurer	2.00	Director	$0	$0	$0
Reed Yearwood	Board member	1.00	Director	$0	$0	$0
Donnie Newton	Board member	1.00	Director	$0	$0	$0
James Christmas	Vice Chairman of the Board	1.00	Director	$0	$0	$0
Dorothy Tompkins	Board member	1.00	Director	$0	$0	$0
Anthony W Grimes	Executive Director	40.00	Officer	$116,500	$0	$116,500
Robert E de Triquet	Director VARCO	40.00	Officer	$67,654	$0	$67,654

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	$6,024,226	$5,686,707	$2,035,867	$337,519
2022	$5,682,666	$5,258,623	$852,948	$424,043
2021	$2,111,552	$2,068,191	$928,212	$43,361

Virginia Association of Recovery Residences Inc