NORTH RICHMOND ECONOMIC DEVELOPMENT (EIN 571216032) - Form 990 Financial Analysis & Trantor Score

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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

2011

Legal Domicile

Principal Officer

DONALD A GILMORE

Phone

5104129290

Tax Period

2023-01-01 to 2023-12-31

NORTH RICHMOND ECONOMIC DEVELOPMENT, founded in 2011, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $33K in total revenue in fiscal year 2023. Revenue fell 91% from the prior year — a significant decline worth monitoring. Net assets of $593K represent 213 months of operating reserves.

Mission

Property Management and Contract License services.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $33,361

Investment Income $0

Other Revenue $0

TOTAL REVENUE $33,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,125

Fundraising Expenses $0

Program Expenses $29,131

Other Expenses $15,147

TOTAL EXPENSES $35,272

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,361	$366,316	-0.9%
Expenses	$35,272	$288,215	-0.9%
Net Income	$-1,911	$78,101	-1.0%

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

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

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
lekisha sweet	dir. prop.mgmt.	40.00		$110,250	$8,400	$118,650
DARLENE M WILLIAMS	Treasurer	1.00	Officer Director	$0	$0	$0
MARENA BROWN	Director	1.00	Director	$0	$0	$0
KATHRYN HOOVER	Director	1.00	Director	$0	$0	$0
MARIA BENJAMIN	Secretary	1.00	Officer Director	$0	$0	$0
ANNIE M KING-MEREDITH	Director	1.00	Director	$0	$0	$0
LARRY TAYLOR	Vice President	1.00	Officer Director	$0	$0	$0
JENNIFER HICKS	President	1.00	Officer Director	$0	$0	$0
DONALD A GILMORE	Executive Dir.	2.00	Officer	$0	$0	$0
CHARLES FOWLKES	CFO	1.00	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
2024	No data	No data	No data	No data
2023	$33,361	$35,272	$668,904	$-1,911
2022	$366,316	$288,215	$661,988	$78,101
2021	$583,746	$295,459	$524,632	$288,287
2020	$324,557	$324,437	$492,508	$120
2019	$277,631	$215,213	$275,530	$62,418
2018	$279,571	$276,324	$154,168	$3,247

NORTH RICHMOND ECONOMIC DEVELOPMENT