Richmond, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ReWork Richmond Inc, founded in 2018, is a small nonprofit in the Employment sector that reported $514K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $92K, a strong 18% operating margin.
Our mission is to empower underemployed adults living in Richmond's East End to obtain the skills and necessary support to qualify for and ultimately gain thriving living wage careers. Our commitment is to partner with each participant until they are employed in a job that supports their families, as long as it takes to get there. Our goal is to help participants and their families navigate the pathway out of poverty and the social and economic structures that keep them from realizing their potential.
In 2024, we served 90 adults who were enrolled as participants in ReWork Richmond accessing the full suite of ReWork supports. These 90 adults represent over 185 unduplicated individuals when we...
In 2024, we served 90 adults who were enrolled as participants in ReWork Richmond accessing the full suite of ReWork supports. These 90 adults represent over 185 unduplicated individuals when we consider the family units that the 90 adults support. Utilizing our comprehensive approach, we connected 23 to new employment. Education is also a necessary step on many participants' pathway to a living wage career. We helped nine participants enroll in various certification or education courses and associates level programs. A major component of our approach is utilizing our extensive volunteer network to provide participants with meaningful support as they work on employment. Our volunteers act as career coaches, mentors, resume writers, and tutors. Each participant is also paired with a ReWork financial coach who they meet with quarterly to develop a budgeting strategy that works in tandem with their employment plan. Our network includes 50+ volunteers, 25 of which are regularly engaged. We at ReWork Richmond recognize that in order to focus strategically on employment, there needs to be an element of stability around transportation, childcare, and housing. Our staff worked closely with our partners in those fields to connect participants to wrap-around supports that keep them on track towards a living wage career.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $513,547 | $590,944 | -0.1% |
| Expenses | $421,549 | $435,631 | 0.0% |
| Net Income | $91,998 | $155,313 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Mark Franko | Board Member | 4.00 |
Director
|
$0 | $0 | $0 |
| Nancy Harrison | Board Member | 4.00 |
Director
|
$0 | $0 | $0 |
| Wayne Johnson | Board Member | 4.00 |
Director
|
$0 | $0 | $0 |
| T Justin Moore III | Board Member | 4.00 |
Director
|
$0 | $0 | $0 |
| Pamela O'Berry | Board Member | 4.00 |
Director
|
$0 | $0 | $0 |
| Reginald Gordon | Board Member | 4.00 |
Director
|
$0 | $0 | $0 |
| Frederick Thompson | Board Member | 4.00 |
Director
|
$0 | $0 | $0 |
| Diahann Whittington | Board Member | 4.00 |
Director
|
$0 | $0 | $0 |
| Nancy Rowsey | Board Chairman | 4.00 |
Director
|
$0 | $0 | $0 |
| Deb Lawrence | Executive Director | 40.00 |
Officer
|
$90,000 | $8,100 | $98,100 |
| Dr Ronald Carey | Board Chairman | 10.00 |
Officer
|
$0 | $0 | $0 |
| Gussie Bannard | Vice Chairman | 5.00 |
Officer
|
$0 | $0 | $0 |
| Torey Edmonds | Secretary | 5.00 |
Officer
|
$0 | $0 | $0 |
| Mike Koschak | Treasurer | 5.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $513,547 | $421,549 | $870,414 | $91,998 |
| 2023 | $590,944 | $435,631 | $801,738 | $155,313 |
| 2022 | $524,898 | $442,775 | $674,467 | $82,123 |
| 2021 | $620,241 | $438,443 | $498,278 | $181,798 |
| 2020 | $344,106 | $228,760 | $253,252 | $115,346 |
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