RICHMOND PROMISE INC (EIN 811653085) - 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

2016

Legal Domicile

Principal Officer

CHRISTOPHER WHITMORE

Phone

5107617231

Tax Period

2023-01-01 to 2023-12-31

RICHMOND PROMISE INC, founded in 2016, is a small nonprofit in the Education sector that reported $857K in total revenue in fiscal year 2023. Expenses of $3.2M exceeded revenue, resulting in a 268% operating deficit.

Mission

TO PROMOTE EDUCATIONAL EQUITY TO ENSURE ALL STUDENTS HAVE ACCESS TO HIGH QUALITY EDUCATION.

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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 $246,249

Program Service Revenue $0

Investment Income $609,698

Other Revenue $933

TOTAL REVENUE $856,880

Expense Breakdown

Grants Paid $1,661,796

Salaries & Benefits $869,631

Fundraising Expenses $375,626

Program Expenses $2,629,946

Other Expenses $618,862

TOTAL EXPENSES $3,150,289

Year-over-Year Comparison

	2023	2022	Change
Revenue	$856,880	$881,299	0.0%
Expenses	$3,150,289	$3,059,795	+0.0%
Net Income	$-2,293,409	$-2,178,496	+0.1%

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

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

$176,745

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LITTLETON	CHAIR	1.00	Officer Director	$0	$0	$0
MOJDEH MEHDIZADEH	TREASURER	0.50	Officer Director	$0	$0	$0
LINSI CRAIN	SECRETARY	0.50	Officer Director	$0	$0	$0
ANNMARIE BAINES	BOARD MEMBER	0.20	Director	$0	$0	$0
NICOLE BARNETT	BOARD MEMBER	0.20	Director	$0	$0	$0
SHASA CURL	BOARD MEMBER	0.20	Director	$0	$0	$0
CHRIS HURST	BOARD MEMBER	0.20	Director	$0	$0	$0
ILAF ESUF	BOARD MEMBER	0.20	Director	$0	$0	$0
JEFF BUTLER	BOARD MEMBER	0.20	Director	$0	$0	$0
LINDA SCHMID	BOARD MEMBER	0.20	Director	$0	$0	$0
REE'SHEMAH THORNTON	BOARD MEMBER	0.20	Director	$0	$0	$0
CHRISTOPHER WHITMORE	EXECUTIVE DIRECTOR	45.00	Officer	$163,154	$13,591	$176,745
MAYA KAMATH	DIRECTOR OF DEVELOPMENT	40.00	Highest	$105,000	$8,455	$113,455
ANJANINE BONET	CHIEF OPERATING OFFICER	50.00	Highest	$106,839	$19,130	$125,969

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	$856,880	$3,150,289	$23,841,976	$-2,293,409
2022	$881,299	$3,059,795	$24,507,252	$-2,178,496
2021	$2,258,504	$3,110,941	$30,074,049	$-852,437
2020	$949,804	$2,735,646	$30,330,994	$-1,785,842
2019	$825,802	$1,726,370	$31,731,033	$-900,568
2018	$685,617	$1,136,108	$32,046,400	$-450,491

RICHMOND PROMISE INC