RICHMOND OPPORTUNITIES 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

1992

Legal Domicile

Principal Officer

SHERRIE ARMSTRONG

Phone

8043307400

Tax Period

2022-01-01 to 2022-12-31

Mission

RICHMOND OPPORTUNITIES INC. (ROI) SUPPORTS COMMUNITY TRANSFORMATION BY CREATING PATHWAYS TO SELF-SUFFICIENCY FOR PEOPLE RESIDING IN RICHMOND'S PUBLIC HOUSING COMMUNITIES, ENSURING INDIVIDUALS AND FAMILIES THRIVE IN SAFE AND HEALTHY HOUSING.

Program Service Accomplishments

Program 1

THE ORGANIZATION PARTNERS WITH RICHMOND REDEVELOPMENT HOUSING AUTHORITY (RRHA), OFFICE OF COMMUNITY WEALTH BUILDING AND OTHER NONPROFIT PARTNERS TO PROVIDE A WIDE ARRAY OF SOCIAL AND SUPPORTIVE...

THE ORGANIZATION PARTNERS WITH RICHMOND REDEVELOPMENT HOUSING AUTHORITY (RRHA), OFFICE OF COMMUNITY WEALTH BUILDING AND OTHER NONPROFIT PARTNERS TO PROVIDE A WIDE ARRAY OF SOCIAL AND SUPPORTIVE SERVICES.

Program 2

TOMORROW'S PROMISE FUND SCHOLARSHIPS: ESTABLISHED IN 1995 TO ASSIST HARD-WORKING STUDENTS LIVING IN PUBLIC HOUSING IN CONTINUING THEIR EDUCATION POST-HIGH SCHOOL.

Program 3

THROUGH ROI'S WORK WITH FAMILY TRANSITION COACHES, APPROXIMATELY 180 FAMILIES HAVE BEEN ENGAGED IN COACHING SERVICES. FTCS WORKED WITH FAMILIES TO SUPPORT MOVES TO NEW HOUSING OPTIONS. SEVERAL...

THROUGH ROI'S WORK WITH FAMILY TRANSITION COACHES, APPROXIMATELY 180 FAMILIES HAVE BEEN ENGAGED IN COACHING SERVICES. FTCS WORKED WITH FAMILIES TO SUPPORT MOVES TO NEW HOUSING OPTIONS. SEVERAL CLIENTS WERE ABLE TO ACCESS NEW MARKET RATE HOUSING. ROI ALSO ASSISTED WITH THE TRANSITION OF 14 SENIOR RESIDENTS OF CREIGHTON COURT INTO A NEWLY ESTABLISHED COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,730

TOTAL EXPENSES $2,730

Year-over-Year Comparison

	2022	2021	Change
Revenue	N/A	$1,288	-1.0%
Expenses	$2,730	$65,445	-1.0%
Net Income	N/A	$-64,157	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN ALLISON PHD	CHAIR	2.50	Officer Director	$0	$0	$0
DANNY AVULA	DIRECTOR	2.50	Director	$0	$0	$0
GEOFF MCDONALD	DIRECTOR	2.50	Director	$0	$0	$0
THAD WILLIAMSON PHD	DIRECTOR	2.50	Director	$0	$0	$0
MICHELE MCKINNON	DIRECTOR	2.50	Director	$0	$0	$0
REGGIE GORDON	VICE-CHAIR	2.50	Officer Director	$0	$0	$0
SHERRIE ARMSTRONG	SECRETARY	2.50	Officer Director	$0	$0	$0
TANYA SIMMS	DIRECTOR	2.50	Director	$0	$0	$0
JEFFREY S CRIBBS	TREASURER	2.50	Officer 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
2022	No data	$2,730	No data	No data
2021	$1,288	$65,445	$6,725	$-64,157
2020	$18,901	$89,989	$510,997	$-71,088
2019	$420,323	$357,028	$622,855	$63,295
2018	$268,625	$161,081	$531,510	$107,544