DOMINION FINANCIAL MANAGEMENT INC

EIN: 562140536 501(c)(3) Human Services

Smyrna, TN

Total Revenue
$190,751
Total Expenses
$218,894
Total Assets
$65,444
Net Assets
$30,807
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NC
Principal Officer
Regina Harvey
Phone
6152205858
Tax Period
2025-01-01 to 2025-12-31

DOMINION FINANCIAL MANAGEMENT INC, founded in 1999, is a small nonprofit in the Human Services sector that reported $191K in total revenue in fiscal year 2025. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $219K exceeded revenue, resulting in a 15% operating deficit.

Mission

The mission of Dominion Financial Management, Inc. is to help people of all ages learn to manage their finances according to Biblical principles. Clients who come to see us want to fix their financial situation. They feel hopeless, ashamed, defeated and often paralyzed by fear. No one should be stuck in this cycle of financial failure. We know what it is like to need relief and we have helped guide thousands to be financial confident and prepared for the financial future they desire. Our clients avoid the failure of being stuck in place, unable to move forward and eventually ending in financial ruin. Instead we see transformation from the stress of financial chaos to the peace of calmly accomplishing financial goals.

Program Service Accomplishments

Program 1
Expenses: $65,980 Revenue: $81,204

Provided education and counseling designed to increase homebuyer readiness and promote successful, sustainable homeownership to 124 households. Through individualized counseling and education...

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Provided education and counseling designed to increase homebuyer readiness and promote successful, sustainable homeownership to 124 households. Through individualized counseling and education, participants strengthened their financial literacy, improved credit profiles, reduced debt, increased savings, and gained a clearer understanding of budgeting, mortgage financing, and the homebuying process. Clients identifed and overcame barriers to homeownership, developed realistic action plans, and built the financial capacity necessary for mortgage qualification, housing stability, and access to affordable homeownership opportunities. Participants were equipped with the knowledge, skills, and confidence needed for long-term success as homeowners.

Program 2
Expenses: $72,047 Revenue: $72,047

Provided one-on-one financial coaching services for 57 program participants, helping individuals identify barriers to financial stability and develop practical strategies for overcoming them...

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Provided one-on-one financial coaching services for 57 program participants, helping individuals identify barriers to financial stability and develop practical strategies for overcoming them. Coaching addressed budgeting, debt reduction, credit improvement, savings development, and goal setting. Through personalized action plans, ongoing support, and accountability, participants gained financial knowledge, strengthened decision-making skills, and increased their capacity to achieve sustainable financial goals, contributing to improved household stability and long-term economic resilience.

Program 3
Expenses: $37,500 Revenue: $37,500

Provided counseling services to help 21 homeowners experiencing financial hardship maintain stable housing and avoid foreclosure. Through individualized counseling, participants received guidance in...

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Provided counseling services to help 21 homeowners experiencing financial hardship maintain stable housing and avoid foreclosure. Through individualized counseling, participants received guidance in assessing their financial situation, communicating with mortgage servicers, accessing available assistance programs, and developing sustainable plans for long-term housing stability. The program helped homeowners address immediate financial challenges, strengthen financial management skills, and improve their ability to meet ongoing mortgage obligations.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $176,997
Program Service Revenue $13,754
Investment Income $0
Other Revenue $0
TOTAL REVENUE $190,751

Expense Breakdown

Grants Paid $0
Salaries & Benefits $138,151
Fundraising Expenses $4,677
Program Expenses $175,527
Other Expenses $80,743
TOTAL EXPENSES $218,894

Year-over-Year Comparison

2025 2024 Change
Revenue $190,751 $241,301 -0.2%
Expenses $218,894 $275,211 -0.2%
Net Income $-28,143 $-33,910 -0.2%
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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Governance

Voting Members
7
Independent Members
7
Employees
6
Volunteers
7

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
3
$10,493
Total Directors
7
$0
Key Employees
2
$69,639
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Regina Harvey Executive Director 40
Key Emp Highest
$59,146 $0 $59,146
Ronald Harvey President/Chief Operation Officer 15
Officer Key Emp
$10,493 $0 $10,493
Ken McKnight Director 1
Director
$0 $0 $0
Cheryl Tolbert Director/Board Chair 1
Director
$0 $0 $0
Angela Treece Director/Secretary 1
Officer Director
$0 $0 $0
Mike Green Director 1
Director
$0 $0 $0
Fran Veal Director/Treasurer 1
Officer Director
$0 $0 $0
Jamie Steelman Director 1
Director
$0 $0 $0
Chatoria Kent-Franklin Director 1
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 $190,751 $218,894 $65,444 $-28,143
2024 $241,301 $275,211 $66,915 $-33,910
2023 $276,955 $216,955 $67,276 $60,000
2023 $267,494 $219,579 $99,800 $47,915
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