HISTORIC RICHMOND FOUNDATION (EIN 546026404) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1956

Legal Domicile

Principal Officer

JULIE WEISSEND

Phone

8046437407

Tax Period

2024-01-01 to 2024-12-31

HISTORIC RICHMOND FOUNDATION, founded in 1956, is a small nonprofit in the Arts, Culture & Humanities sector that reported $966K in total revenue in fiscal year 2018. Revenue surged 39% from the prior year, signaling strong growth momentum. Net assets of $11.3M represent 140 months of operating reserves.

Mission

TO SHAPE THE FUTURE OF RICHMOND BY PRESERVING OUR DIVERSE HISTORIC BUILDINGS, NEIGHBORHOODS, AND PLACES, SPARKING REVITALIZATION, AND CHAMPIONING OUR DISTINCTIVE ARCHITECTURAL LEGACY. HISTORIC RICHMOND PRESERVES, PROTECTS, AND PROMOTES THE HISTORIC BUILDINGS AND PLACES OF RICHMOND FOR THE ECONOMIC BENEFIT AND CULTURAL ENRICHMENT OF OUR CITY. TO ACCOMPLISH THESE OBJECTIVES, HISTORIC RICHMOND WILL BUY AND SELL HISTORIC PROPERTIES, UNDERTAKE RESTORATION PROJECTS, AND CARRY OUT EDUCATIONAL PROGRAMS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $594,465

Program Service Revenue $61,223

Investment Income $392,523

Other Revenue $10,117

TOTAL REVENUE $1,058,328

Expense Breakdown

Grants Paid $14,763

Salaries & Benefits $556,640

Fundraising Expenses $81,176

Program Expenses $699,323

Other Expenses $407,833

TOTAL EXPENSES $979,236

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,058,328	$1,117,723	-0.1%
Expenses	$979,236	$956,211	+0.0%
Net Income	$79,092	$161,512	-0.5%

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

150

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
MARTHA A WARTHEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JULIE WEISSEND	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JONATHAN H BLILEY	TREASURER	1.00	Officer Director	$0	$0	$0
SEAN M BEARD	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSEPH K REID III	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
JANIS ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA BATTAGLIA	BOARD MEMBER	1.00	Director	$0	$0	$0
LEXI CLEVELAND	BOARD MEMBER	1.00	Director	$0	$0	$0
JESS ELLINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ZARINA FAZALDIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARSHALL FRENCH	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID H HALLOCK JR	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUGLAS J HANSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GARNETT HAMERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES HILL	BOARD MEMBER	1.00	Director	$0	$0	$0
CN JENKINS JR	BOARD MEMBER	1.00	Director	$0	$0	$0
AUSTIN JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHIAS KASEORG	BOARD MEMBER	1.00	Director	$0	$0	$0
DOROTHEA MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID I MEYERS	BOARD MEMBER	1.00	Director	$0	$0	$0
STACI A PHILLIPS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES D PIPER	BOARD MEMBER	1.00	Director	$0	$0	$0
COLEEN BUTLER RODRIGUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT A VALLEJO	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
CYANE CRUMP	EXECUTIVE DIRECTOR	40.00	Highest	$190,087	$6,772	$196,859

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
2024	$1,058,328	$979,236	$16,802,506	$79,092
2023	$1,117,723	$956,211	$15,518,494	$161,512
2022	$999,096	$894,579	$14,144,510	$104,517
2021	$1,237,594	$698,579	$15,495,692	$539,015
2020	$815,245	$861,143	$13,867,061	$-45,898
2019	$1,047,731	$777,816	$12,802,179	$269,915
2018	$965,959	$978,323	$11,304,756	$-12,364

HISTORIC RICHMOND FOUNDATION