RICHCROFT 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

1983

Legal Domicile

Principal Officer

KEVIN M DRUMHELLER

Phone

4107853274

Tax Period

2024-07-01 to 2025-06-30

RICHCROFT INC, founded in 1983, is a mid-sized nonprofit in the Human Services sector that reported $40.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $37.8M left a modest 8% surplus.

Mission

It is the mission of Richcroft, Inc. to create opportunities for people with intellectual and other developmental disabilities to make choices that will assist them in living full and productive lives. To that end, Richcroft, Inc. provides residential, educational and other support services to people in Howard, Harford, Baltimore and Carroll Counties.

Program Service Accomplishments

Program 1

Expenses: $33,727,067 Revenue: $39,644,963

It is the mission of Richcroft, Inc. to create opportunities for people with intellectual and other developmental disabilities to make choices that will assist them in living full and productive...

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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 (2024)

Revenue Breakdown

Contributions & Grants $659,708

Program Service Revenue $39,644,963

Investment Income $495,674

Other Revenue $86,399

TOTAL REVENUE $40,886,744

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,165,112

Fundraising Expenses $325,543

Program Expenses $33,727,067

Other Expenses $6,635,108

TOTAL EXPENSES $37,800,220

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,886,744	$36,460,735	+0.1%
Expenses	$37,800,220	$32,626,766	+0.2%
Net Income	$3,086,524	$3,833,969	-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

679

Volunteers

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

$633,872

Total Directors

$356,922

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN M DRUMHELLER	CEO	40.00	Officer Director	$312,631	$44,291	$356,922
MICHAEL HARGEST	CFO	40.00	Officer	$236,884	$40,066	$276,950
CLAUDIA MOON	DIR NURSING	40.00		$170,223	$19,669	$189,892
SHONTAE M JONES	DIRECTOR HR	40.00		$142,149	$23,842	$165,991
CHIKE E OGBONNA	DIR RESIDENTIAL	40.00		$149,660	$4,471	$154,131
LISA S ACKERMAN	DIR QUALITY ASSURA	40.00		$131,322	$15,176	$146,498
JESSICA F KLEIN	DIR SUPPORT SVC	40.00		$129,937	$0	$129,937
EDDIE M DENNING	Secretary	1.00	Officer Director	$0	$0	$0
JOHN CARVER	Director	1.00	Director	$0	$0	$0
JIMMIE NOBLE	Treasurer	1.00	Officer Director	$0	$0	$0
MATTHEW G HUDDLE	Director	1.00	Director	$0	$0	$0
MICHAEL JABLONOVER	Director	1.00	Director	$0	$0	$0
SUSAN DIFFENDERFFER	Director	1.00	Director	$0	$0	$0
DANIELLE FORD	Director	1.00	Director	$0	$0	$0
JOSEPH KELLEMAN	Director	1.00	Director	$0	$0	$0
DARRYL GREEN	Director	1.00	Director	$0	$0	$0
LISA B JOHNSON	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JAMES WERKING	Director	1.00	Director	$0	$0	$0
SIRI DOUB	Director	1.00	Director	$0	$0	$0
FLORENCE NDI	Director	1.00	Director	$0	$0	$0
ALISCIA CORNISH	Director	1.00	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	$40,886,744	$37,800,220	$32,871,716	$3,086,524
2024	$36,460,735	$32,626,766	$25,037,314	$3,833,969
2023	$30,024,445	$27,266,684	$22,393,362	$2,757,761
2022	$27,238,317	$23,367,716	$21,664,023	$3,870,601
2021	$26,061,033	$21,167,743	$24,061,054	$4,893,290
2020	$20,051,386	$19,166,688	$19,470,266	$884,698
2019	$18,433,442	$18,192,793	$16,980,803	$240,649