SOUTH RICHMOND ADULT DAY CARE CENTER

EIN: 510163293 501(c)(3)

RICHMOND, VA

Total Revenue
$406,960
Total Expenses
$451,928
Total Assets
$36,501
Net Assets
$25,984
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
VA
Principal Officer
MILTON VICE
Phone
8042319306
Tax Period
2023-07-01 to 2024-06-30

SOUTH RICHMOND ADULT DAY CARE CENTER, founded in 1989, is a small nonprofit that reported $407K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $452K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDE A STRUCTURED, SUPPORTIVE, SUPERVISED AND ENRICHMENT ENVIRONMENT FOR THE ELDERLY AT A LOW COST TO THE PARTICIPANTS AND THEIR FAMILIES.

Program Service Accomplishments

Program 1
Expenses: $357,555

The Center continues to meet or exceed every goal established in the contract for non-governmental funding with the City of Richmond. The Center has added one new Board member, received City funds of...

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The Center continues to meet or exceed every goal established in the contract for non-governmental funding with the City of Richmond. The Center has added one new Board member, received City funds of $25,000 for FY25 and applied for $75,000 for FY26, enabling the capacity to ultimately add up to 75 participants. The Centers Director and Board members worked quickly to locate a new space for the Center that offered a permanent home and opportunity to grow to meet true community need. SRADCC opened at Hobson Lodge in Spring 2024 and participants continued to grow and now stand at 29 with a number of admissions pending. In November, the Center hosted their first Fall Open House at Hobson Lodge, and it was attended by partners, funders, and families of participants and interested participants. The Center looks forward to hosting educational events in partnership with the City in the weeks and months to come. They have also established a new partnership with the Veterans Administration and are working to add participants who can greatly benefit from our service.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $244,224
Program Service Revenue $164,836
Investment Income $-2,100
Other Revenue $0
TOTAL REVENUE $406,960

Expense Breakdown

Grants Paid $0
Salaries & Benefits $253,856
Fundraising Expenses $0
Program Expenses $357,555
Other Expenses $198,072
TOTAL EXPENSES $451,928

Year-over-Year Comparison

2023 2022 Change
Revenue $406,960 $441,269 -0.1%
Expenses $451,928 $401,368 +0.1%
Net Income $-44,968 $39,901 -2.1%
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
6
Independent Members
6
Employees
11
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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARNELL LEWIS Executive Director 40.00
$119,024 $0 $119,024
MELDON JENKINS-JONES Board Member 2.00
Director
$0 $0 $0
RUFUS FLEMING Board Member 2.00
Director
$0 $0 $0
DIANNA BOWSER Treasurer 2.00
Director
$0 $0 $0
PETE WASHINGTON Vice President 2.00
Director
$0 $0 $0
SHERWOOD RANDOLPH Board Member 2.00
Director
$0 $0 $0
MILTON VICE President 10.00
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
2025 No data No data No data No data
2024 $406,960 $451,928 $36,501 $-44,968
2023 $441,269 $401,368 $80,075 $39,901
2022 $381,298 $312,548 $41,719 $68,750
2022 $381,298 $312,548 $41,719 $68,750
2021 $265,052 $311,503 $52,042 $-46,451
2020 $256,122 $336,046 $92,406 $-79,924
2019 $288,230 $295,249 $112,492 $-7,019
2018 $255,485 $289,735 $114,382 $-34,250
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