LIVE RED FOUNDATION

EIN: 822358116 501(c)(3) Recreation & Sports

Henrico, VA

Total Revenue
$431,244
Total Expenses
$305,401
Total Assets
$407,625
Net Assets
$396,841
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
VA
Tax Period
2024-01-01 to 2024-12-31

Live Red Foundation, founded in 2017, is a small nonprofit in the Recreation & Sports sector that reported $233K in total revenue in fiscal year 2021. The organization ran a surplus of $49K, a strong 21% operating margin.

Mission

ENHANCE LIVES THROUGH FITNESS EVENTS & PROGRAMS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $277,926
Program Service Revenue $138,388
Investment Income $6,430
Other Revenue $8,500
TOTAL REVENUE $431,244

Expense Breakdown

Grants Paid $0
Salaries & Benefits $166,133
Fundraising Expenses $19,608
Program Expenses $86,522
Other Expenses $139,268
TOTAL EXPENSES $305,401

Year-over-Year Comparison

2024 2023 Change
Revenue $431,244 $261,741 +0.6%
Expenses $305,401 $256,533 +0.2%
Net Income $125,843 $5,208 +23.2%
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

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Governance

Voting Members
4
Independent Members
N/A
Employees
18
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
1
$58,846
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL HARLOW EXECUTIVE DIRECTOR 35.00
Officer
$58,846 $0 $58,846
ALLAN NG DIRECTOR 2.00
Director
$0 $0 $0
LENORA MARINER DIRECTOR 2.00
Director
$0 $0 $0
YOLANDA HALL DIRECTOR 2.00
Director
$0 $0 $0
DAVE PRINCE DIRECTOR 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 $431,244 $305,401 $407,625 $125,843
2023 $261,741 $256,533 $344,456 $5,208
2022 $208,521 $151,490 $267,701 $57,031
2021 $232,952 $184,262 $222,978 $48,690
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