The Fan District Association

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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

1961

Legal Domicile

Principal Officer

Thomas Perry

Phone

8043321794

Tax Period

2024-10-01 to 2025-09-30

The Fan District Association, founded in 1961, is a small nonprofit that reported $267K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $92K, a strong 35% operating margin.

Mission

To promote the health, welfare, happiness and civic, cultural, educational, and recreational betterment of the Fan District in particular, and Richmond in general.

Program Service Accomplishments

Program 1

Expenses: $38,150 Revenue: $4,740

Trees and Parks - In cooperation with the City of Richmond, the FDA maintains nine public parks and fills empty tree wells located in the Fan. Throughout the year, these green spaces are attended to allowing Fan residents to enjoy and utilize the spaces safely. Major improvements have included repairing the brick sidewalks at Meadow Park, addressing irrigation system issues, planting additional greenery and native plant species.

Program 2

Expenses: $23,299

Holiday House Tour - Since 1963 the FDA has hosted an annual fundraiser that involved opening Fan homes to tour goers. Over the last 20 years, the HHT has funded its Community Grant Program, which is a way to preserve the vitality of the neighborhood and the city through reinvestment of monies raised, Over the last 20 years, the FDA has awarded over $200,000 to worthy organizations and programs.

Program 3

Expenses: $13,670

Fan Arts Stroll - Initiated by a Fan resident during a global pandemic, the FAS continues with support from the FDA. This Spring event brings individuals from across the region to the neighborhood...

Fan Arts Stroll - Initiated by a Fan resident during a global pandemic, the FAS continues with support from the FDA. This Spring event brings individuals from across the region to the neighborhood and is an opportunity for artists and artisans to highlight and sell their work.

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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 $186,554

Program Service Revenue $21,120

Investment Income $0

Other Revenue $58,918

TOTAL REVENUE $266,592

Expense Breakdown

Grants Paid $40,200

Salaries & Benefits $0

Fundraising Expenses $13,392

Program Expenses $147,342

Other Expenses $133,926

TOTAL EXPENSES $174,126

Year-over-Year Comparison

	2024	2023	Change
Revenue	$266,592	$311,547	-0.1%
Expenses	$174,126	$266,539	-0.3%
Net Income	$92,466	$45,008	+1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniella White	President	2.00	Officer Director	$0	$0	$0
Dan Brashier	Vice President	2.00	Officer Director	$0	$0	$0
Thomas Perry	Treasurer	2.00	Officer Director	$0	$0	$0
Jackie Harwood	Secretary	2.00	Officer Director	$0	$0	$0
Rebecca Keller	Director	2.00	Director	$0	$0	$0
Clay Dye	Director	2.00	Director	$0	$0	$0
Melissa Savenko	Director	2.00	Director	$0	$0	$0
Matt Monta	Director	2.00	Director	$0	$0	$0
Andrea Quilici	Director	2.00	Director	$0	$0	$0
Julie Seward	Director	2.00	Director	$0	$0	$0
Ben Hoelscher	Director	2.00	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	$266,592	$174,126	$292,284	$92,466
2024	$311,547	$266,539	$199,818	$45,008
2023	$210,708	$216,480	$154,810	$-5,772