RESTON TOWN CENTER JOINT COMMITTEE… - 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

1988

Legal Domicile

Principal Officer

ROBERT GOUDIE

Phone

7034356600

Tax Period

2023-01-01 to 2023-12-31

RESTON TOWN CENTER JOINT COMMITTEE C/O SFMC INC, founded in 1988, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 7% surplus.

Mission

THE ORGANIZATION PERFORMS MANY FUNCTIONS OF A LOCAL GOVERNMENT SUCH AS ADMINISTRATION AND ENFORCEMENT OF COVENANTS FOR PRESERVING ARCHITECTURAL APPEARANCE OF BUILDINGS ETC.

Program Service Accomplishments

Program 1

Expenses: $37,550 Revenue: $875

THE LINK PROGRAM PROVIDES TRANSPORTATION INFORMATION TO THE REGION THROUGH DISTRIBUTION OF PRINTED MATERIALS, RESPONSES TO EMAIL AND PHONE INQUIRIES AND MAINTENANCE OF A TRANSPORTATION WEBSITE. THE PROGRAM SUPPORTS AND PROMOTES ALTERNATIVES TO DRIVING ALONE THROUGH HOSTING AND PARTICIPATING IN EVENTS, CONDUCTING SURVEYS AND WORKING WITH VARIOUS COMMUNITY TRANSPORTATION ORGANIZATIONS.THE RTC DESIGN REVIEW BOARD REVIEWS APPLICATIONS FOR BOTH NEW CONSTRUCTION AND FOR CHANGES TO EXISTING EXTERIORS OF BUILDING. THERE ARE FIVE DESIGN PROFESSIONALS ON THE DRB WHO HOLD MONTHLY MEETINGS TO REVIEW APPLICATIONS FROM BOTH COMMERCIAL AND RESIDENTIAL OWNERS. THE DRB WORKS WITH THE RTCA BOARD TO DEVELOP AND ENFORCE DESIGN GUIDELINES.

Program 2

Expenses: $333,225

SUPPORTED THE ANNUAL FINE ARTS FESTIVAL, A JURIED OUTDOOR ART SHOW THAT ATTRACTS OVER 30,000 PEOPLE TO THE TOWN CENTER. ALSO SPONSORED OUTDOOR CONCERTS, AS PART OF THE SUMMER CONCERT SERIES HELD IN FOUNTAIN SQUARE, AS WELL AS HOLIDAY PARADE AND OTHER CITY EVENTS. THESE FREE EVENTS ATTRACT THOUSANDS OF PEOPLE FROM RESTON AND SURROUNDING COMMUNITIES, AND HAVE BECOME A TRADITION IN RESTON.

Program 3

Expenses: $388,122

OFFERING FREE SHUTTLE SERVICE THROUGHOUT RESTON TOWN CENTER TO CONNECT THE EXTENDED URBAN CORE AND METRO. THE SHUTTLE OPERATES MONDAY TO FRIDAY FROM 7AM TO 7PM AND IS FREE AND OPEN TO ALL. ASSUMING ADEQUATE DEMAND, AND ABSENT TRAFFIC OR UNFORSEEN ISSUES, THE SERVICE IS DESIGNED TO HAVE A VAN ARRIVE AT INDIVIDUAL STOPS EVERY TEN MINUTES. VANS WILL LEAVE THE METRO STATION EVERY 10 MINUTES ON THE HOUR. THIS SERVICE WAS LAUNCHED ON NOVEMBER 16, 2022.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,202,122

Investment Income $3,411

Other Revenue $30,875

TOTAL REVENUE $1,236,408

Expense Breakdown

Grants Paid $117,500

Salaries & Benefits $108,616

Fundraising Expenses $0

Program Expenses $758,897

Other Expenses $925,384

TOTAL EXPENSES $1,151,500

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,236,408	$859,747	+0.4%
Expenses	$1,151,500	$766,358	+0.5%
Net Income	$84,908	$93,389	-0.1%

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

$96,159

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENYETTA PRICE	PRESIDENT	1.00	Officer Director	$0	$0	$0
PETER HENRY	TREASURER	1.00	Officer Director	$0	$0	$0
LAURA MCNULTY	SECRETARY	1.00	Officer Director	$0	$0	$0
KEITH SPINDEN	DIRECTOR	1.00	Director	$0	$0	$0
KEN KNUEVEN	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN RUBLE	DIRECTOR	1.00	Director	$0	$0	$0
KEN LANFEAR	DIRECTOR	1.00	Director	$0	$0	$0
PETER OTTENI	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT GOUDIE	EXECUTIVE DIRECTOR	20.00	Officer	$96,159	$0	$96,159

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	No data	No data	No data	No data
2023	$1,236,408	$1,151,500	$1,909,818	$84,908
2022	$859,747	$766,358	$1,784,063	$93,389
2021	$735,316	$515,726	$1,676,760	$219,590
2020	$712,022	$572,615	$1,454,976	$139,407
2019	$734,934	$589,000	$1,319,360	$145,934
2018	$697,098	$635,461	$1,186,295	$61,637

RESTON TOWN CENTER JOINT COMMITTEE C/O SFMC INC