RICHMOND AUTOMOBILE DEALERS ASSOCIATION

EIN: 541780220

RICHMOND, VA

Total Revenue
$24,760
Total Expenses
$170,965
Total Assets
$528,500
Net Assets
$503,673
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1929
Legal Domicile
VA
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 small nonprofit that reported $194K in total revenue in fiscal year 2018. Revenue decreased 20% compared to the prior year. Expenses of $221K exceeded revenue, resulting in a 14% 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

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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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Governance

Voting Members
6
Independent Members
6
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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
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
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