VENTURE RICHMOND INC

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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

1984

Legal Domicile

Principal Officer

LISA W SIMS

Phone

8047886470

Tax Period

2025-01-01 to 2025-12-31

VENTURE RICHMOND INC, founded in 1984, is a mid-sized nonprofit in the Community Improvement sector that reported $13.7M in total revenue in fiscal year 2025. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.1M, a strong 37% operating margin.

Mission

VENTURE RICHMOND ENGAGES BUSINESS AND COMMUNITY LEADERS IN PARTNERING WITH THE CITY TO ENHANCE THE VITALITY OF THE COMMUNITY, PARTICULARLY DOWNTOWN, THROUGH ECONOMIC DEVELOPMENT, MARKETING, PROMOTION, ADVOCACY AND EVENTS.

Program Service Accomplishments

Program 1

Expenses: $3,118,352 Revenue: $2,224,804

VENTURE RICHMOND MANAGES PROGRAMS AND PROJECTS FOR THE DOWNTOWN SPECIAL SERVICE AND ASSESSMENT DISTRICTS IN ACCORDANCE WITH CONTRACTS WITH THE CITY OF RICHMOND. TOTAL REVENUE FOR THE GENERAL SERVICE DISTRICT OF $2,423,756 REPRESENTS SUPPORT FROM THE SERVICE DISTRICTS. THE PROGRAM ALSO RECEIVED A $1,210,000 CLEAN, SAFE, AND GREEN MUNICIPAL GRANT PROVIDED BY THE CITY OF RICHMOND.

Program 2

Expenses: $2,043,923 Revenue: $1,616,878

RICHMOND FOLK FESTIVAL - OVERSEE, PLAN, PRODUCE, MARKET & SPONSORSHIP OF RICHMOND FOLK FESTIVAL EVENT IN DOWNTOWN RICHMOND AS WELL AS THE FOLK FEAST. INCLUDED IN REVENUE IS SUPPORT FROM THE SERVICE DISTRICTS OF $200,000. IN ADDITION TO THE ABOVE REVENUE, THE PROGRAM RECEIVED A GRANT FROM THE CITY ARTS & CULTURE OF $167,000 AND CONTRIBUTIONS OF $15,080.

Program 3

Expenses: $1,331,539 Revenue: $1,056,685

VENTURE RICHMOND MANAGES AND MAINTAINS THE RIVERFRONT IN ACCORDANCE WITH CONTRACTS WITH THE CITY OF RICHMOND; OPERATING RIVERFRONT CANAL CRUISES AND MAINTAINING THE CANAL WALK, BROWN'S ISLAND, AND...

VENTURE RICHMOND MANAGES AND MAINTAINS THE RIVERFRONT IN ACCORDANCE WITH CONTRACTS WITH THE CITY OF RICHMOND; OPERATING RIVERFRONT CANAL CRUISES AND MAINTAINING THE CANAL WALK, BROWN'S ISLAND, AND BELLE ISLE PARKING LOT. MANAGES PROGRAMS AND PROJECTS FOR THE RIVERFRONT SPECIAL SERVICE AND ASSESSMENT DISTRICTS IN ACCORDANCE WITH CONTRACTS WITH THE CITY OF RICHMOND. IN ADDITION TO THE REVENUE ABOVE, THE PROGRAM RECEIVED A $200,000 MUNICIPAL GRANT PROVIDED BY THE CITY OF RICHMOND. VENTURE RICHMOND, IN PARTNERSHIP WITH THE CITY OF RICHMOND, HAS PLANS TO TRANSFORM BROWN'S ISLAND INTO A WORLD CLASS RIVERFRONT PARK WITH RESTROOMS, POTABLE WATER, ADA ACCESSIBILITY AND SO MUCH MORE. THE $30 MILLION PROJECT IS BEING FUNDED AS 50/50 PUBLIC PRIVATE PARTNERSHIP BETWEEN THE CITY OF RICHMOND AND THE PRIVATE SECTOR. VENTURE RICHMOND IS LEADING THE PRIVATE SECTOR FUNDRAISING THAT BEGAN IN 2024.

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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 (2025)

Revenue Breakdown

Contributions & Grants $8,809,395

Program Service Revenue $4,821,859

Investment Income $109,559

Other Revenue $0

TOTAL REVENUE $13,740,813

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,174,182

Fundraising Expenses $368,232

Program Expenses $8,004,034

Other Expenses $6,461,454

TOTAL EXPENSES $8,635,636

Year-over-Year Comparison

	2025	2024	Change
Revenue	$13,740,813	$8,613,555	+0.6%
Expenses	$8,635,636	$7,889,259	+0.1%
Net Income	$5,105,177	$724,296	+6.0%

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

900

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

$345,801

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FARHAD AGHDAMI	CHAIRMAN	5.00	Officer Director	$0	$0	$0
DEVON HENRY	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
DANNY AVULA	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
JOI DEAN	SECRETARY	5.00	Officer Director	$0	$0	$0
PAULA PANDO	TREASURER	5.00	Officer Director	$0	$0	$0
DARIUS JOHNSON	PAST CHAIRMAN	5.00	Officer Director	$0	$0	$0
BRIAN JACKSON	GENERAL COUNSEL	5.00	Officer Director	$0	$0	$0
MAKOLA ABDULLAH	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS ACCASHIAN	DIRECTOR	2.00	Director	$0	$0	$0
NEIL AMIN	DIRECTOR	2.00	Director	$0	$0	$0
SHERRIE ARMSTRONG	DIRECTOR	2.00	Director	$0	$0	$0
JOHN BAKER	DIRECTOR	2.00	Director	$0	$0	$0
EDWARD H BAINE	DIRECTOR	2.00	Director	$0	$0	$0
BECKY BAREFORD	DIRECTOR	2.00	Director	$0	$0	$0
VICTOR BRANCH	DIRECTOR	2.00	Director	$0	$0	$0
JOHN BUCKBEE	DIRECTOR	2.00	Director	$0	$0	$0
GERALD BURR JR	DIRECTOR	2.00	Director	$0	$0	$0
KELLY CHOPUS	DIRECTOR	2.00	Director	$0	$0	$0
PAT COLLINS	DIRECTOR	2.00	Director	$0	$0	$0
SHARON DABNEY-WOOLDRIDGE	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE G DANIELS	DIRECTOR	2.00	Director	$0	$0	$0
BEN DESSART	DIRECTOR	2.00	Director	$0	$0	$0
LEWANDA SIMS-GALLIMORE	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS GAYNER	DIRECTOR	2.00	Director	$0	$0	$0
DOUGLAS S GRANGER	DIRECTOR	2.00	Director	$0	$0	$0
RICK GREGORY	DIRECTOR	2.00	Director	$0	$0	$0
KYM D GRINNAGE	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN HALLOCK	DIRECTOR	2.00	Director	$0	$0	$0
MONROE E HARRIS JR DMD	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL HENLEY	DIRECTOR	2.00	Director	$0	$0	$0
CONNIE HOM	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
LESTER JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
ROB JONES	DIRECTOR	2.00	Director	$0	$0	$0
JASON KAMRAS	DIRECTOR	2.00	Director	$0	$0	$0
HAKIM LUCAS	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES MACFARLANE	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL MANSON	DIRECTOR	2.00	Director	$0	$0	$0
FLOYD MILLER	DIRECTOR	2.00	Director	$0	$0	$0
CYNTHIA NEWBILLE	DIRECTOR	2.00	Director	$0	$0	$0
SHAWN O'BRIEN	DIRECTOR	2.00	Director	$0	$0	$0
LESLIE PARPART	DIRECTOR	2.00	Director	$0	$0	$0
BURT PINNOCK	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL RAO	DIRECTOR	2.00	Director	$0	$0	$0
ELLEN ROBERTSON	DIRECTOR	2.00	Director	$0	$0	$0
LISA RUGGLES	DIRECTOR	2.00	Director	$0	$0	$0
JACQUELYN E STONE	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS TSUI	DIRECTOR	2.00	Director	$0	$0	$0
TED UKROP	DIRECTOR	2.00	Director	$0	$0	$0
MASSIE VALENTINE	DIRECTOR	2.00	Director	$0	$0	$0
NED VALENTINE	DIRECTOR	2.00	Director	$0	$0	$0
JANET WIGLESWORTH	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
ADRIENNE WRIGHT	DIRECTOR	2.00	Director	$0	$0	$0
SAMUEL YOUNG	DIRECTOR	2.00	Director	$0	$0	$0
LISA SIMS	PRESIDENT & CEO	40.00	Officer	$312,171	$33,630	$345,801
LUCY MEADE	DIRECTOR OF ECONOMIC DEVEL	40.00	Highest	$188,409	$20,973	$209,382
ANEDRA BOURNE	DEPUTY EXECUTIVE DIRECTOR	40.00	Highest	$178,281	$19,092	$197,373
STEPHEN R LECKY	DIRECTOR OF EVENTS	40.00	Highest	$161,570	$16,801	$178,371
CAROL L WALLS	FINANCE MANAGER	40.00	Highest	$143,526	$10,620	$154,146
RENEE GAINES	OFFICE ADMINISTRATOR	40.00	Highest	$129,343	$11,630	$140,973

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	$13,740,813	$8,635,636	$14,371,999	$5,105,177
2024	No data	No data	No data	No data
2023	$8,083,211	$7,129,387	$8,212,240	$953,824
2022	$6,480,752	$6,420,670	$7,214,267	$60,082
2021	$5,575,003	$5,375,797	$7,025,585	$199,206
2020	$4,054,204	$3,661,711	$6,819,558	$392,493
2019	$6,025,855	$5,957,908	$6,448,388	$67,947
2018	$5,975,009	$5,871,527	$6,383,212	$103,482