VOLUNTEER SERVICES COUNCIL OF RICH… - Form 990 Financial Data

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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

1968

Legal Domicile

Principal Officer

JOHNNY FERRO

Phone

2813424681

Tax Period

2023-09-01 to 2024-08-31

VOLUNTEER SERVICES COUNCIL OF RICHMOND STATE SUPPORTED LIVING CTR, founded in 1968, is a small nonprofit that reported $118K in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $31K, a strong 27% operating margin.

Mission

THE MISSION OF THE VSC IS TO CREATE OPPORTUNITIES FOR THE COMMUNITY TO BECOME PARTNERS COMMITTED TO ENRICHING THE LIVES OF THE PEOPLE THEY SERVE.

Program Service Accomplishments

Program 1

Expenses: $75,574 Revenue: $500

THE VOLUNTEER SERVICES COUNCIL OF THE RICHMOND STATE SUPPORTED LIVING CENTERS IS THE 501(C)(3), NON-PROFIT ORGANIZATION DEDICATED TO THE PEOPLE WHO LIVE AT THE RICHMOND STATE SUPPORTED LIVING CENTER. THE VSC WAS ESTABLISHED IN 1970, TWO YEARS AFTER THE RICHMOND STATE SCHOOL WAS OPENED. TODAY, THE VSC BOARD OF DIRECTORS SERVCES AS THE LIAISON TO THE COMMUNITY AND THE RICHMOND STATE SUPPORTED LIVING CENTER. THROUGH FUNDRASING EFFORTS, THE VSC HAS PROVIDED THE FOLLOWING CAPITAL IMPROVEMENTS: (1) MAJOR RENOVATIONS TO THE THERAPEUTIC RIDING CENTER (2) THE FAMILY HOUSE (3) THE OUTDOOR THERAPEUTIC CENTER (4) ESTABLISHMENT OF THE THERAPEUTIC RIDING CETNER (5) THE LITE ROCK CAFE (6) DORMITORY RENOVATIONS (7) THE NATATORIUM

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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 $55,621

Program Service Revenue $500

Investment Income $0

Other Revenue $61,662

TOTAL REVENUE $117,783

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $75,574

Other Expenses $86,541

TOTAL EXPENSES $86,541

Year-over-Year Comparison

	2023	2022	Change
Revenue	$117,783	$79,265	+0.5%
Expenses	$86,541	$87,746	0.0%
Net Income	$31,242	$-8,481	-4.7%

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

N/A

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
JOHNNY FERRO	CHAIRPERSON	4.00	Officer Director	$0	$0	$0
JUDITH SCHMID	VICE CHAIRPE	4.00	Officer Director	$0	$0	$0
DANIEL ST CLAIR	TREASURER	4.00	Officer Director	$0	$0	$0
TRACEY SCHMID	SECRETARY	4.00	Officer Director	$0	$0	$0
PATRICK ELLIS	DIRECTOR AT	4.00	Director	$0	$0	$0
DALLAS HAYWOOD	DIRECTOR AT	4.00	Director	$0	$0	$0
MARGARET OSBORNE	DIRECTOR AT	4.00	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	$117,783	$86,541	$874,115	$31,242
2023	$79,265	$87,746	$758,383	$-8,481
2022	$100,278	$74,959	$748,304	$25,319
2021	$89,398	$46,714	$790,159	$42,684
2019	$103,431	$66,169	$656,948	$37,262
2018	$139,664	$81,971	$602,735	$57,693

VOLUNTEER SERVICES COUNCIL OF RICHMOND STATE SUPPORTED LIVING CTR