RICHMOND AUTOMOBILE DEALERS ASSOCI… - Form 990 Financial Data

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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

1929

Legal Domicile

Principal Officer

DONALD L HALL

Phone

8043593578

Tax Period

2025-01-01 to 2025-12-31

RICHMOND AUTOMOBILE DEALERS ASSOCIATION, founded in 1929, is a micro nonprofit that reported $25K in total revenue in fiscal year 2025. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $171K exceeded revenue, resulting in a 590% operating deficit.

Mission

TO SPONSOR EDUCATIONAL CAMPAIGNS FOR ESTABLISHING THE ESSENTIALITY OF MOTOR VEHICLES INCLUDING THE SPONSORSHIP OF PUBLIC EXHIBITIONS OF ALL TYPES OF MOTOR VEHICLES.TO COMPILE AND DISSEMINATE INFORMATION TO THOSE ENGAGED IN THE AUTOMOBILE INDUSTRY, AND THE GENERAL PUBLIC.TO ENGAGE IN AND PROMOTE TRADE AND COMMERCE BY AFFORDING THE OPPORTUNITY TO THE ASSOCIATION MEMBERS OF MEETING AND EXCHANGING VIEWS WITH EACH OTHER.TO TRAIN, EDUCATE, AND IMPROVE ASSOCIATION MEMBER'S KNOWLEDGE IN THE FIELD OF AUTOMOTIVE SALES, SERVICE AND REPAIR, FINANCE, AND LEGAL COMPLIANCETO ACCOMPLISH ALL OTHER THINGS DEEMED LEGALLY DESIRABLE AND APPROPRIATE TO FURTHER THE COMMON BUSINESS INTERESTS OF THE MEMBERS

Program Service Accomplishments

Program 1

Expenses: $164,996

CONDUCTED TOP GUN CHALLENGE- A COMPETITION DESIGNED TO INCREASE TRAINING CERTIFICATION AMONG AUTOMOTIVE TECHNICIANS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,486

Investment Income $17,274

Other Revenue $0

TOTAL REVENUE $24,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $164,996

Other Expenses $170,965

TOTAL EXPENSES $170,965

Year-over-Year Comparison

	2025	2024	Change
Revenue	$24,760	$399,558	-0.9%
Expenses	$170,965	$533,886	-0.7%
Net Income	$-146,205	$-134,328	+0.1%

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
KEITH HIGHTOWER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ZACH COCHRAN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHAEL PATRICK	DIRECTOR	1.00	Director	$0	$0	$0
KAYLA CODY	DIRECTOR	1.00	Director	$0	$0	$0
BRENTON EVANS	DIRECTOR	1.00	Director	$0	$0	$0
HARRY CARRION	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DONALD L HALL	CEO	2.00	Officer	$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	$24,760	$170,965	$528,500	$-146,205
2024	$399,558	$533,886	$567,823	$-134,328
2023	$326,599	$468,929	$830,393	$-142,330
2022	$89,515	$140,098	$836,710	$-50,583
2021	$103,558	$162,902	$1,096,614	$-59,344
2020	$149,181	$120,147	$1,010,039	$29,034
2019	$192,376	$161,026	$926,257	$31,350
2018	$194,075	$220,543	$781,556	$-26,468

RICHMOND AUTOMOBILE DEALERS ASSOCIATION