Tricycle Gardens

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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

2002

Legal Domicile

Principal Officer

Sally Schwitters

Phone

8042317767

Tax Period

2020-01-01 to 2020-12-31

Tricycle Gardens, founded in 2002, is a micro nonprofit that reported $35K in total revenue in fiscal year 2020. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $435K exceeded revenue, resulting in a 1157% operating deficit.

Mission

To grow healthy futures through urban agriculture.

Program Service Accomplishments

Program 1

Expenses: $95,181 Revenue: $521

Urban farm - In 2010, Tricycyle Gardens developed Richmond's first urban, year-round, highly productive farm. In addition to providing healthy food access to surounding neighborhoods, the farm serves as a living classroom where both adults and youth can learn about the topics of farming, soil improvement, nutrition, organic growing and much more.

Program 2

Expenses: $10,263

Corner farm initiative - increasing community access to fresh, affordable and locally grown produce by partnering with neighborhood corner stores located in urban food deserts in Richmond, VA.

Program 3

Expenses: $282,312

Final distribution of organization's assets to EnRichmond.

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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 (2020)

Revenue Breakdown

Contributions & Grants $44,392

Program Service Revenue $0

Investment Income $-10,346

Other Revenue $521

TOTAL REVENUE $34,567

Expense Breakdown

Grants Paid $282,312

Salaries & Benefits $98,214

Fundraising Expenses $16,329

Program Expenses $387,756

Other Expenses $54,146

TOTAL EXPENSES $434,672

Year-over-Year Comparison

	2020	2019	Change
Revenue	$34,567	$623,231	-0.9%
Expenses	$434,672	$568,949	-0.2%
Net Income	$-400,105	$54,282	-8.4%

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

205

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

$47,447

Total Directors