ForRichmond

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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

2012

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

ForRichmond, founded in 2012, is a small nonprofit that reported $266K in total revenue in fiscal year 2024. Expenses of $240K left a modest 10% surplus.

Mission

For Richmond convenes city wide events and presentations, prayer meetings and worship services to promote unity in the city of Richmond among Christians by building trusted relationships between churches and leaders, while doing good for our city.

Program Service Accomplishments

Program 1

Expenses: $224,046

For Richmond convened several events throughout 2024 whereby church leaders in nearby geographic locations began meeting and praying together to build personal relationships and explore how they can...

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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 $265,930

Program Service Revenue $0

Investment Income $41

Other Revenue $0

TOTAL REVENUE $265,971

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,625

Fundraising Expenses $0

Program Expenses $224,046

Other Expenses $52,914

TOTAL EXPENSES $239,539

Year-over-Year Comparison

	2024	2023	Change
Revenue	$265,971	$272,265	0.0%
Expenses	$239,539	$288,782	-0.2%
Net Income	$26,432	$-16,517	-2.6%

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

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
Kim D Errico	Director	2.00	Director	$0	$0	$0
Donald Coleman	Vice Chairman	2.00	Director	$0	$0	$0
Corey Widemer	Director - Chairman	2.00	Director	$0	$0	$0
Matt Shenk	Director	40.00	Director Highest	$0	$0	$0
Rachel Yost	Director	2.00	Director	$0	$0	$0
Whitney Campbell	Director	2.00	Director	$0	$0	$0
Robert Luck	Secretary	2.00	Officer Director	$0	$0	$0
Joe Miller	Treasurer	2.00	Officer Director	$0	$0	$0
Anna Shenk	Director	40.00	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
2024	$265,971	$239,539	$61,866	$26,432
2023	$272,265	$288,782	$35,805	$-16,517
2022	$233,001	$276,781	$52,664	$-43,780
2021	$208,009	$175,745	$95,427	$32,264