RICHMOND HUMAN RESOURCES MGMT ASSOC

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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

1958

Legal Domicile

Phone

8044827131

Tax Period

2024-01-01 to 2024-12-31

RICHMOND HUMAN RESOURCES MGMT ASSOC, founded in 1958, is a small nonprofit that reported $343K in total revenue in fiscal year 2024.

Mission

TO PROVIDE LEADERSHIP AND SUPPORT FOR THE GROWTH AND DEVELOPMENT OF THE HUMAN RESOURCES PROFESSION.

Program Service Accomplishments

Program 1

Expenses: $155,118 Revenue: $146,028

PROFESSIONAL DEVELOPMENT SESSIONS AND CONFERENCES

Program 2

Expenses: $55,556 Revenue: $9,444

HAD STAFF WORK ON PROGRAMS TO SUPPORT THE MISSION OF RICHMOND SHRM THROUGHOUT THE YEAR

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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 $185,367

Program Service Revenue $155,472

Investment Income $2,242

Other Revenue $0

TOTAL REVENUE $343,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,580

Fundraising Expenses $75,719

Program Expenses $210,674

Other Expenses $229,813

TOTAL EXPENSES $336,393

Year-over-Year Comparison

	2024	2023	Change
Revenue	$343,081	$334,412	+0.0%
Expenses	$336,393	$325,241	+0.0%
Net Income	$6,688	$9,171	-0.3%

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

165

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
KELSEY THAYER	PRESIDENT	5.00	Officer Director	$0	$0	$0
CHRISTINA SMITH	PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
MAGGIE SMITH	DIRECTOR MENTORSHIP PROGRAM	2.00	Officer Director	$0	$0	$0
JENNIFER STERN	DIRECTOR STRATEGIC ALLIANCES	5.00	Officer Director	$0	$0	$0
BETH PETERSEN	DIRECTOR RVA LEADERSHIP & INNOV	5.00	Officer Director	$0	$0	$0
FAITH ALEJANDRO	DIRECTOR LEGISLATIVE AFFAIRS	4.00	Officer Director	$0	$0	$0
CHASITY ADKINS	DIRECTOR MEMBERSHIP - NEW MEMBER	4.00	Officer Director	$0	$0	$0
TIFFANY FORTUNE	PRESIDENT-ELECT	5.00	Officer Director	$0	$0	$0
STEPH BECK	DIRECTOR COLLABORATIVE AND E-LEARNI	4.00	Officer Director	$0	$0	$0
CHRISTINE FAY	FIRST VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
MICHAEL RINEHART	DIRECTOR FINANCE	3.00	Officer Director	$0	$0	$0
EBONY WILKINS	DIRECTOR DIVERSITY AND INCLUSION	4.00	Officer Director	$0	$0	$0
LAURA MARCHESE	DIRECTOR DIVERSITY AND INCLUSION	4.00	Officer Director	$0	$0	$0
CAROL BENSUSAN	DIRECTOR PROFESSIONAL DEVELOPMENT	4.00	Officer Director	$0	$0	$0
TANDI WILLIAMS	DIRECTOR MEMBER - PROF & STUDENT	4.00	Officer Director	$0	$0	$0
ANGELA JONES	DIRECTOR LERNING EVENTS	4.00	Officer Director	$0	$0	$0
CAROLYN CONLON	DIRECTOR MARKETING	4.00	Officer Director	$0	$0	$0
CALVIN CALLAHAN	DIRECTOR MEMBERSHIP ENGAGEMENT	2.00	Officer Director	$0	$0	$0
TOWNLEY GOLDSMITH-RAY	EXECUTIVE DIRECTOR	40.00	Key Emp Highest	$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
2024	$343,081	$336,393	$234,297	$6,688
2023	$334,412	$325,241	$229,975	$9,171
2022	$294,484	$275,288	$222,833	$19,196
2021	$301,032	$223,204	$203,638	$77,828
2020	$255,395	$279,782	$125,811	$-24,387
2019	$325,256	$307,806	$110,800	$17,450
2018	$315,588	$327,410	$93,350	$-11,822