THE ELIZABETH RICHARDSON CENTER INC

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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

1964

Legal Domicile

Principal Officer

KIMBERLY A AARON PHD

Phone

4798721800

Tax Period

2023-07-01 to 2024-06-30

THE ELIZABETH RICHARDSON CENTER INC, founded in 1964, is a community nonprofit that reported $9.3M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year.

Mission

TO ENHANCE THE OPPORTUNITIES, OUTCOMES, AND LIVES OF INDIVIDUALS WITH WITH INTELLECTUAL DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $8,578,424 Revenue: $8,694,390

THE ELIZABETH RICHARDSON CENTER, INC. PROVIDES ADULT SERVICES, INTERMEDIATE CARE FACILITIES, AND WAIVER COMMUNITY SERVICES. ADULT SERVICES INCLUDE TRAINING LIFE SKILLS AND VOCATIONAL SKILLS. THE...

THE ELIZABETH RICHARDSON CENTER, INC. PROVIDES ADULT SERVICES, INTERMEDIATE CARE FACILITIES, AND WAIVER COMMUNITY SERVICES. ADULT SERVICES INCLUDE TRAINING LIFE SKILLS AND VOCATIONAL SKILLS. THE INTERMEDIATE CARE FACILITIES PROVIDE HOUSING AND SUPERVISED CARE FOR ADULTS WITH DEVELOPMENTAL DISABILITIES. WAIVER COMMUNITY SERVICES PROVIDE HOUSING, SUPERVISED CARE, AND TRANSPORTATION, EMPOWERING INDEPENDENCE IN THE COMMUNITY.

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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 $295,972

Program Service Revenue $8,694,390

Investment Income $25,951

Other Revenue $263,742

TOTAL REVENUE $9,280,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,626,356

Fundraising Expenses $94,563

Program Expenses $8,578,424

Other Expenses $1,998,783

TOTAL EXPENSES $9,625,139

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,280,055	$11,256,973	-0.2%
Expenses	$9,625,139	$11,376,712	-0.2%
Net Income	$-345,084	$-119,739	+1.9%

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

268

Volunteers

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
BILL BOWEN	BOARD PRESID	2.00	Officer Director	$0	$0	$0
DUSTY BRIGHTON	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES KENNEDY	TREASURER	2.00	Officer Director	$0	$0	$0
SHARON LLOYD	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
RYAN LOKEN	BOARD MEMBER	2.00	Director	$0	$0	$0
KEN MILBRODT	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSEPHINE PARK	BOARD MEMBER	2.00	Director	$0	$0	$0
JOANNE RHYNE	SECRETARY	2.00	Officer Director	$0	$0	$0
JEREMY WOODY	BOARD MEMBER	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
2024	$9,280,055	$9,625,139	$5,050,523	$-345,084
2023	$11,256,973	$11,376,712	$5,850,842	$-119,739
2022	$11,479,675	$10,237,611	$5,714,539	$1,242,064
2021	$10,158,731	$10,116,901	$5,939,188	$41,830
2020	$9,818,559	$9,803,499	$6,101,916	$15,060
2020	$9,813,572	$10,167,909	$5,817,058	$-354,337
2019	$9,813,908	$10,342,333	$5,260,491	$-528,425
2018	$9,873,220	$10,015,203	$5,438,013	$-141,983