Greater Richmond Partnership 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

1994

Legal Domicile

Phone

8046433227

Tax Period

2024-07-01 to 2025-06-30

Greater Richmond Partnership Inc, founded in 1994, is a community nonprofit in the Public & Societal Benefit sector that reported $4.9M in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 32% operating margin.

Mission

GRP's mission is to aggressively generate economic opportunities that create quality jobs for residents in the region and increase the tax base for needed community services.

Program Service Accomplishments

Program 1

Expenses: $2,315,540 Revenue: $0

The Greater Richmond Partnership impacts the region through wealth creation, direct, indirect, and induced jobs, and direct, indirect, and induced wages.

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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 $4,731,934

Program Service Revenue $0

Investment Income $162,783

Other Revenue $0

TOTAL REVENUE $4,894,717

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,927,246

Fundraising Expenses $236,739

Program Expenses $2,315,540

Other Expenses $1,374,627

TOTAL EXPENSES $3,351,873

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,894,717	$2,975,082	+0.6%
Expenses	$3,351,873	$3,304,399	+0.0%
Net Income	$1,542,844	$-329,317	-5.7%

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

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

$545,067

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bobby Ukrop	Chair	5.0	Officer Director	$0	$0	$0
Charlene Whitfield	Immediate Past Chair	5.0	Officer Director	$0	$0	$0
Jody Rogish	Chair Elect	5.0	Officer Director	$0	$0	$0
Shawn Davis	Vice Chair	5.0	Officer Director	$0	$0	$0
Christina McClung	Director	1.0	Director	$0	$0	$0
Christine Chmura	Director	1.0	Director	$0	$0	$0
Cynthia Newbille	Director	1.0	Director	$0	$0	$0
Jeff Wright	Director	1.0	Director	$0	$0	$0
Jessica Schneider	Director	1.0	Director	$0	$0	$0
Joe Casey	Director	1.0	Director	$0	$0	$0
John Asbury	Director	1.0	Director	$0	$0	$0
John Budesky	Director	1.0	Director	$0	$0	$0
John Vithoulkas	Director	1.0	Director	$0	$0	$0
Kamran Khan	Director	1.0	Director	$0	$0	$0
Matt Conrad	Director	1.0	Director	$0	$0	$0
Robert Locke	Director	1.0	Director	$0	$0	$0
Sabrina Joy-Hogg	Director	1.0	Director	$0	$0	$0
Anita Saunders	Corp. Secretary/VP of Operations	40.0	Officer	$128,132	$22,920	$151,052
Jennifer Wakefield	President/CEO/CFO	40.0	Officer	$344,176	$49,839	$394,015
Angela Oakes	VP of Strategy	40.0	Highest	$117,872	$15,541	$133,413
Charles Peterson	VP of Research	40.0	Highest	$128,504	$27,917	$156,421
Jose Romano	EVP of Business Development	40.0	Highest	$198,851	$22,774	$221,625
Kiryako Sharikas	Business Development Manager of Life Sciences	40.0	Highest	$101,095	$9,239	$110,334
Michael Ivey	VP of Marketing and Communications	40.0	Highest	$132,754	$19,538	$152,292

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	$4,894,717	$3,351,873	$7,375,739	$1,542,844
2024	$2,975,082	$3,304,399	$5,245,256	$-329,317
2023	$2,980,203	$2,704,295	$5,567,234	$275,908
2022	$3,713,858	$2,372,331	$4,346,448	$1,341,527
2021	$2,210,721	$2,151,061	$2,802,304	$59,660
2020	$1,957,826	$2,476,579	$2,767,723	$-518,753
2019	$2,040,658	$2,486,960	$3,232,379	$-446,302
2018	$2,215,368	$2,919,809	$3,591,462	$-704,441