U-TURN

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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

1996

Legal Domicile

Principal Officer

KEVIN SALMINEN

Phone

8043582775

Tax Period

2023-07-01 to 2024-06-30

U-TURN, founded in 1996, is a small nonprofit in the Education sector that reported $735K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $2.1M exceeded revenue, resulting in a 189% operating deficit.

Mission

U-TURN IS A COMMUNITY DEVOTED TO ELEVATING LIVES (THROUGH ATHLETICS, COMMUNITY PROGRAMMING, EVENTS AND NONPROFIT DEVELOPMENT). U-TURN ALSO PROVIDES OFFICE AND MEETING SPACE TO ORGANIZATIONS THAT ALIGNS WITH U-TURN'S CORE VALUES INCLUDING CHURCHES, PARA-CHURCH MINISTRIES AND FOR-PROFIT ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $1,987,240 Revenue: $104,840

U-TURN OFFERED CONTINUOUS PROGRAMS, CLASSES AND ACTIVITIES ALONG WITH RELATIONSHIPS WITH ORGANIZATIONS SERVING THE GREATER METRO RICHMOND. U-TURN CONTINUES TO PARTNER WITH NUMEROUS SPORTS AND...

U-TURN OFFERED CONTINUOUS PROGRAMS, CLASSES AND ACTIVITIES ALONG WITH RELATIONSHIPS WITH ORGANIZATIONS SERVING THE GREATER METRO RICHMOND. U-TURN CONTINUES TO PARTNER WITH NUMEROUS SPORTS AND COMMUNITY ORGANIZATIONS INCLUDING CHURCHES. THE U-TURN FACILITY OFFERS AN ENVIRONMENT WHERE ALL PROGRAMS, CLASSES AND ACTIVITIES ENCOURAGE FELLOWSHIP, INSPIRE LEADERSHIP, AND SPREAD HOPE FOR THE FUTURE OF YOUTH AND FAMILIES IN THE RICHMOND METRO AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $54,511

Investment Income $630,513

Other Revenue $50,329

TOTAL REVENUE $735,353

Expense Breakdown

Grants Paid $1,750,000

Salaries & Benefits $169,345

Fundraising Expenses $13,026

Program Expenses $1,987,240

Other Expenses $208,923

TOTAL EXPENSES $2,128,268

Year-over-Year Comparison

	2023	2022	Change
Revenue	$735,353	$900,815	-0.2%
Expenses	$2,128,268	$1,433,029	+0.5%
Net Income	$-1,392,915	$-532,214	+1.6%

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

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
KEN LAMBIOTTE	CHAIRMAN	5.00	Officer Director	$0	$0	$0
KYLE SHERMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
DANIEL PALAZZOLO	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN SALMINEN	TREASURER	5.00	Officer Director	$0	$0	$0
SIMEON HARRIS	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	No data	No data	No data	No data
2024	$735,353	$2,128,268	$2,174,326	$-1,392,915
2023	$900,815	$1,433,029	$4,523,732	$-532,214
2022	$2,705,410	$2,232,927	$4,601,690	$472,483
2021	$547,638	$910,629	$4,835,705	$-362,991
2020	$886,755	$976,954	$3,946,502	$-90,199
2019	$795,585	$933,723	$4,053,969	$-138,138
2018	$821,410	$801,434	$4,215,963	$19,976