RICHMOND REGION TOURISM FOUNDATION

EIN: 510466631 501(c)(3) Philanthropy & Grantmaking

RICHMOND, VA

Total Revenue
$145,491
Total Expenses
$142,429
Total Assets
$276,801
Net Assets
$258,812
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
VA
Principal Officer
KATHERINE O'DONNELL
Phone
8047822777
Tax Period
2024-07-01 to 2025-06-30

RICHMOND REGION TOURISM FOUNDATION, founded in 2003, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $145K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

CHARITABLE AND EDUCATIONAL ACTIVITIES OF RICHMOND METROPOLITAN CONVENTION VISITOR'S BUREAU.

Program Service Accomplishments

Program 1
Expenses: $134,921

THE THREE CORE PROGRAMS AND SERVICES FOR THE RICHMOND REGION TOURISM FOUNDATION INCLUDE EDUCATION, DIVERSITY, EQUITY, AND INCLUSION DEI, AND SPORTS. EDUCATIONAL ACTIVITIES INCLUDE I AM TOURISM, A...

Read more

THE THREE CORE PROGRAMS AND SERVICES FOR THE RICHMOND REGION TOURISM FOUNDATION INCLUDE EDUCATION, DIVERSITY, EQUITY, AND INCLUSION DEI, AND SPORTS. EDUCATIONAL ACTIVITIES INCLUDE I AM TOURISM, A FREE AMBASSADOR TRAINING DESIGNED TO ENHANCE THE VISITOR EXPERIENCE BY EDUCATING BOTH THE RICHMOND REGION HOSPITALITY COMMUNITY AND LOCAL CONSTITUENTS, AS WELL AS WORKFORCE DEVELOPMENT PROGRAMS AND A SCHOLARSHIP PROGRAM FOR STUDENTS ENTERING A TOURISM RELATED PROFESSION. DEI EFFORTS INCLUDE SUPPORTING THE ONGOING EFFORTS OF OUT RVA, WHICH PROMOTES LGBTQ TOURISM, AND BLK RVA, WHICH PROMOTES AFRICAN AMERICAN TOURISM AND BLACK-OWNED HOSPITALITY BUSINESSES. THE SPORTS PILLAR INCLUDES THE PRESTIGIOUS RVA SPORTS AWARDS SHOW THAT RAISES DOLLARS FOR RRT FOUNDATION'S SPORTS GRANT PROGRAM, DESIGNED TO HELP LOCAL ORGANIZATIONS CREATE OR EXPAND LOCAL TOURNAMENTS OR EVENTS IN THE REGION.

Program 2
Expenses: $2,000

SCHOLARSHIPS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $316,423
Program Service Revenue $0
Investment Income $3,066
Other Revenue $-173,998
TOTAL REVENUE $145,491

Expense Breakdown

Grants Paid $2,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $136,921
Other Expenses $140,429
TOTAL EXPENSES $142,429

Year-over-Year Comparison

2024 2023 Change
Revenue $145,491 $184,326 -0.2%
Expenses $142,429 $78,957 +0.8%
Net Income $3,062 $105,369 -1.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
7
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
7
$264,400
Total Directors
8
$264,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHERINE O'DONNELL PRESIDENT/CE 1.00
Officer Director
$0 $31,555 $264,400
LISA SIMS CHAIR 0.30
Officer Director
$0 $0 $0
NEIL AMIN SECRETARY 0.30
Officer Director
$0 $0 $0
NANCY THOMAS DIRECTOR 0.30
Director
$0 $0 $0
SUSAN P DIBBLE TREASURER 0.30
Officer Director
$0 $0 $0
DR MARK MILLER 1ST VICE CHA 0.30
Officer Director
$0 $0 $0
ELLEN ROBERTSON 2ND VICE CHA 0.30
Officer Director
$0 $0 $0
DANIEL SCHMITT PAST CHAIRMA 0.30
Officer 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
2025 $145,491 $142,429 $276,801 $3,062
2024 $184,326 $78,957 $326,011 $105,369
2023 $144,614 $86,556 $182,170 $58,058
2022 $138,061 $91,200 $119,550 $46,861
2021 $56,111 $109,928 $127,374 $-53,817
2020 $62,990 $37,917 $114,339 $25,073
2019 $56,691 $55,915 $79,768 $776
Explore More Nonprofits
→Top 100 Nonprofits in Virginia →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare RICHMOND REGION TOURISM FOUNDATION with other nonprofits in Virginia and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.