RONALD MCDONALD HOUSE CHARITIES OF… - Form 990 Financial Data

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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

MIKE DERUOSI

Phone

8043556517

Tax Period

2024-01-01 to 2024-12-31

RONALD MCDONALD HOUSE CHARITIES OF RICHMOND, founded in 1984, is a community nonprofit in the Health Care sector that reported $6.5M in total revenue in fiscal year 2024. Revenue surged 144% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.2M, a strong 64% operating margin.

Mission

RONALD MCDONALD HOUSE IS OPERATED FOR FAMILIES OF SERIOUSLY ILL AND INJURED CHILDREN RECEIVING TREATMENT AT NEARBY HOSPITALS. SOME OF THESE CHILDREN MUST TRAVEL GREAT DISTANCES TO GET MEDICAL ATTENTION. IN-HOSPITAL TREATMENT MAY LAST ONE DAY, ONE YEAR OR LONGER FOR THESE CHILDREN'S FAMILIES. ACCOMMODATIONS CAN BE HARD TO COME BY, OPTIONS OFTEN ARE LIMITED TO COSTLY HOTELS OR UNCOMFORTABLE HOSPITAL CHAIRS OR BENCHES. THE RONALD MCDONALD HOUSE PROVIDES A COMFORTABLE SUPPORTIVE ALTERNATIVE. IT SERVES AS A TEMPORARY RESIDENCE NEAR THE MEDICAL FACILITY WHERE FAMILY MEMBERS CAN SLEEP, EAT, RELAX AND FIND SUPPORT FROM OTHER FAMILIES IN SIMILAR SITUATIONS. IN RETURN, FAMILIES ARE ASKED TO MAKE A DONATION RANGING ON AVERAGE FROM $5 TO $20 PER DAY, BUT IF THAT ISN'T POSSIBLE, THEIR STAY IS FREE.

Program Service Accomplishments

Program 1

Expenses: $1,630,445 Revenue: $8,195

PROVIDE HOUSING, EMOTIONAL SUPPORT, TRANSPORTATION, AND A FOOD PANTRY TO FAMILIES WHOSE CHILDREN ARE SERIOUSLY ILL OR INJURED AND ARE TREATED AT AREA HOSPITALS. IN 2024, 19,262 FAMILIES WERE SERVED.

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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 $5,668,243

Program Service Revenue $8,195

Investment Income $502,913

Other Revenue $370,595

TOTAL REVENUE $6,549,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,343,438

Fundraising Expenses $482,527

Program Expenses $1,630,445

Other Expenses $1,032,493

TOTAL EXPENSES $2,375,931

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,549,946	$2,684,391	+1.4%
Expenses	$2,375,931	$2,114,311	+0.1%
Net Income	$4,174,015	$570,080	+6.3%

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

350

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

$151,593

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS L BATTHANY	DIRECTOR	2.00	Director	$0	$0	$0
JENNY FOX	DIRECTOR	2.00	Director	$0	$0	$0
AUDRA BUTLER	DIRECTOR	2.00	Director	$0	$0	$0
DAVID DOUGLAS	DIRECTOR	2.00	Director	$0	$0	$0
SUE DURLAK	DIRECTOR	2.00	Director	$0	$0	$0
TAMARA GRANT MORAIN	DIRECTOR	2.00	Director	$0	$0	$0
COREY HOLEMAN	DIRECTOR	2.00	Director	$0	$0	$0
BETSY LACY	DIRECTOR	2.00	Director	$0	$0	$0
W BRYAN LEE	DIRECTOR	2.00	Director	$0	$0	$0
MOSE FRANCK	DIRECTOR	2.00	Director	$0	$0	$0
SAMUEL LEE	DIRECTOR	2.00	Director	$0	$0	$0
CORY METTS	DIRECTOR	2.00	Director	$0	$0	$0
LINDSAY O'BAR	DIRECTOR	2.00	Director	$0	$0	$0
ROBIN POPE-MOSS	DIRECTOR	2.00	Director	$0	$0	$0
JENIECE ROANE	DIRECTOR	2.00	Director	$0	$0	$0
MATT SCHEFFT	DIRECTOR	2.00	Director	$0	$0	$0
JASON WARD	DIRECTOR	2.00	Director	$0	$0	$0
MAX GERMAN	DIRECTOR	2.00	Director	$0	$0	$0
MIKE TRAUB	DIRECTOR	2.00	Director	$0	$0	$0
MIKE DERUOSI	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
JIM BONNELL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RUTH PRIDEAUX	TREASURER	2.00	Officer Director	$0	$0	$0
HOLLY STALLWORTH	SECRETARY	2.00	Officer Director	$0	$0	$0
KERRY BLUMBERG	EXECUTIVE DIRECTOR - ENDED 2/24	40.00	Officer	$47,147	$5,865	$53,012
EMILY TOALSON	EXECUTIVE DIRECTOR - STARTED 6/24	40.00	Officer	$90,004	$8,577	$98,581

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
2024	$6,549,946	$2,375,931	$12,712,583	$4,174,015
2023	$2,684,391	$2,114,311	$6,400,415	$570,080
2022	$1,805,601	$1,749,214	$4,308,854	$56,387
2021	$2,133,358	$1,411,229	$4,688,847	$722,129
2020	$1,421,964	$1,181,884	$3,814,180	$240,080
2019	$1,246,589	$1,145,191	$3,375,953	$101,398
2018	$1,103,860	$1,021,356	$3,093,806	$82,504

RONALD MCDONALD HOUSE CHARITIES OF RICHMOND