FIRST Contractors Inc

EIN: 542029949 501(c)(3)

Richmond, VA

Total Revenue
$94,826
Total Expenses
$105,318
Total Assets
$1,851
Net Assets
$-169,142
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
VA
Principal Officer
Larry Lindsey
Phone
8043299669
Tax Period
2021-01-01 to 2021-12-31

FIRST CONTRACTORS INC, founded in 2001, is a small nonprofit that reported $261K in total revenue in fiscal year 2018. Expenses of $241K left a modest 8% surplus.

Mission

First Contractors was established in 2001 for job training and life skills development

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $94,826
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $94,826

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,990
Fundraising Expenses $0
Program Expenses $78,988
Other Expenses $87,328
TOTAL EXPENSES $105,318

Year-over-Year Comparison

2021 2020 Change
Revenue $94,826 $141,634 -0.3%
Expenses $105,318 $145,173 -0.3%
Net Income $-10,492 $-3,539 +2.0%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
1
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
1
$16,667
Total Directors
4
$16,667
Key Employees
1
$16,667
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Larry Lindsey President 40.00
Officer Director Key Emp
$16,667 $0 $16,667
Janice McMoore Director 2.00
Director
$0 $0 $0
Terri Taylor Director 2.00
Director
$0 $0 $0
Nannette Bailey 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
2021 $94,826 $105,318 $1,851 $-10,492
2020 $141,634 $145,173 $30,897 $-3,539
2019 $265,452 $264,115 $4,139 $1,337
2018 $261,048 $241,270 $7,006 $19,778
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