COBIZ RICHMOND INC (EIN 842956832) - 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

2019

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

COBIZ RICHMOND INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $610K in total revenue in fiscal year 2023.

Mission

TO CREATE AN ENTREPRENEURIAL HUB TO FOSTER A CULTURE OF INNOVATION, COLLABORATION, AND ENTREPRENEURSHIP BETWEEN INDIVIDUALS AND TRI-SECTOR STAKEHOLDERS WITH THE INTENT TO DRIVE SUSTAINABLE ECONOMIC DEVELOPMENT AND REVITALIZATION OF DOWNTOWN AND GREATER RICHMOND, CALIFORNIA

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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 $215,908

Program Service Revenue $392,914

Investment Income $0

Other Revenue $1,560

TOTAL REVENUE $610,382

Expense Breakdown

Grants Paid $0

Salaries & Benefits $231,948

Fundraising Expenses $0

Program Expenses $497,869

Other Expenses $390,392

TOTAL EXPENSES $622,340

Year-over-Year Comparison

	2023	2022	Change
Revenue	$610,382	N/A	N/A
Expenses	$622,340	N/A	N/A
Net Income	$-11,958	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRET SWEET	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES LEE	DIRECTOR	1.00	Officer Director	$0	$0	$0
MICHAEL MARTIN	TREASURER	1.00	Officer Director	$0	$0	$0
LILY RAHNEMA	SECRETARY	1.00	Officer Director	$0	$0	$0
WESLEY ALEXANDER	CEO	65.00	Officer	$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	No data	No data	No data	No data
2023	$610,382	$622,340	$143,496	$-11,958
2022	$563,616	$622,803	$136,740	$-59,187
2021	$787,520	$755,525	$437,785	$31,995
2021	$635,080	$755,747	$315,507	$-120,667
2020	$596,528	$494,180	$689,118	$102,348
2020	$696,966	$494,167	$774,544	$202,799

COBIZ RICHMOND INC