RICHFIELD FOUNDATION

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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

1976

Legal Domicile

Principal Officer

CHERIE GRISSO

Phone

5403804500

Tax Period

2019-10-01 to 2020-09-30

Mission

TO RECEIVE AND ADMINISTER GRANTS, GIFTS, DONATIONS AND BEQUESTS IN A MANNER DESIGNED TO PROMOTE THE ACTIVITIES OF RICHFIELD LIVING AND RIDGECREST AT RICHFIELD.

Program Service Accomplishments

Program 1

Expenses: $3,064,974

THE RICHFIELD FOUNDATION WAS DISSOLVED DURING FISCAL YEAR 2020 AND ALL OF ITS ASSETS AND LIABILITIES WERE TRANSFERRED TO RICHFIELD LIVING.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $3,064,974

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,064,974

Other Expenses $0

TOTAL EXPENSES $3,064,974

Year-over-Year Comparison

	2019	2018	Change
Revenue	N/A	$79,332	-1.0%
Expenses	$3,064,974	$1,275	+2402.9%
Net Income	N/A	$78,057	N/A

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

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

$351,279

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MARTHA ANDERSON	CHAIR	1.00	Officer Director	$0	$0	$0
KIRTESH PATEL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MELINDA PAYNE	SECRETARY	1.00	Officer Director	$0	$0	$0
DONNOVAN YOUNG	TREASURER	1.00	Officer Director	$0	$0	$0
W STEWART BRUCE JR	DIRECTOR	1.00	Director	$0	$0	$0
DR WARREN G CLARK	DIRECTOR	1.00	Director	$0	$0	$0
DR NATHANIEL BISHOP	DIRECTOR	1.00	Director	$0	$0	$0
DR WILLIAM HASTY	DIRECTOR	1.00	Director	$0	$0	$0
LEAH KELLER	DIRECTOR	1.00	Director	$0	$0	$0
SYDNEY NORDT	DIRECTOR	1.00	Director	$0	$0	$0
DR EDWIN J POLVERINO	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE F STRICKLAND	DIRECTOR	1.00	Director	$0	$0	$0
DAVID THORNHILL	DIRECTOR	1.00	Director	$0	$0	$0
CHERIE GRISSO	INTERIM CEO/CFO THROUGH 3/20; CEO	2.00	Officer	$0	$22,012	$245,676
TONYA WOOLWINE	EXECUTIVE/CORPORATE SECRETARY	2.00	Officer	$0	$17,538	$105,603
SUSAN LAFAVE	CHIEF HEALTH SERVICES OFFICER	2.00	Highest	$0	$13,134	$206,724
WILLIAM JONES	ADMINISTRATOR	2.00	Highest	$0	$26,760	$158,467
JENNIFER JARVIS	DIRECTOR OF NURSING RRCC	2.00	Highest	$0	$19,505	$132,795
YOLANDA DAVIS	LPN	2.00	Highest	$0	$16,979	$142,306
GEORGE CHILD	FORMER CEO	2.00		$0	$17,197	$218,564

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
2020	No data	$3,064,974	No data	No data
2019	$79,332	$1,275	$3,202,971	$78,057
2018	$100,770	$1,247,845	$3,097,193	$-1,147,075