DOMINION RESOURCE CENTER INC (EIN 651221448) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

FELIX OWOLABI

Phone

4435704860

Tax Period

2024-07-01 to 2025-06-30

DOMINION RESOURCE CENTER INC, founded in 2005, is a mid-sized nonprofit in the Mental Health sector that reported $19.6M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $17.8M left a modest 9% surplus.

Mission

Dominion Resource Center Inc was incorporated for the sole purpose of providing rehabilitation services to individuals with developmental and intectual disabilites in the State of Maryland.The organzation operated 13 homes serving a total of 200 clients.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $18,980,866

Investment Income $0

Other Revenue $576,361

TOTAL REVENUE $19,557,227

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,812,374

Fundraising Expenses $0

Program Expenses $15,009,115

Other Expenses $15,031,064

TOTAL EXPENSES $17,843,438

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,557,227	$17,487,730	+0.1%
Expenses	$17,843,438	$13,913,120	+0.3%
Net Income	$1,713,789	$3,574,610	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$390,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FELIX OWOLABI	CEO	40.00	Officer Highest	$390,000	$0	$390,000
FLOYD FOWLKES	DIRECTOR	10.00	Director	$0	$0	$0
TUNDE ONAFIDE	DIRECTOR	10.00	Director	$0	$0	$0
VALENCIA HAGLER BEY	DIRECTOR	10.00	Director	$0	$0	$0
JOHNIE PARROT	DIRECTOR	10.00	Director	$0	$0	$0
SEGUN AFOLABI	DIRECTOR	10.00	Director	$0	$0	$0
KAYODE ADEBAYO	FINANCE DIRECTOR	40.00	Key Emp	$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	$19,557,227	$17,843,438	$18,759,008	$1,713,789
2025	$19,557,227	$17,843,438	$18,759,008	$1,713,789
2024	$17,487,730	$13,913,120	$18,095,747	$3,574,610
2023	$11,955,960	$9,114,492	$10,058,640	$2,841,468
2022	$10,084,485	$8,893,591	$7,362,072	$1,190,894
2021	$7,400,576	$5,981,629	$6,198,352	$1,418,947
2020	$6,146,188	$4,615,272	$3,541,884	$1,530,916
2019	$3,769,168	$3,652,650	$1,658,989	$116,518

DOMINION RESOURCE CENTER INC