COBIZ RICHMOND INC

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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

Phone

5103097107

Tax Period

2025-01-01 to 2025-12-31

COBIZ RICHMOND INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $748K in total revenue in fiscal year 2025. Expenses of $679K left a modest 9% surplus.

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

Program Service Accomplishments

Program 1

Expenses: $543,300

COBIZ CONTINUED PROVIDING LOW TO NO COST BUSINESS INNOVATION AND INCUBATION SERVICES IN A COLLABORATIVE SHARED WORK-SPACE SETTING, SERVING THE COMMUNITY AND ESSENTIAL PROFESSIONALS THROUGH THE...

COBIZ CONTINUED PROVIDING LOW TO NO COST BUSINESS INNOVATION AND INCUBATION SERVICES IN A COLLABORATIVE SHARED WORK-SPACE SETTING, SERVING THE COMMUNITY AND ESSENTIAL PROFESSIONALS THROUGH THE PANDEMIC AND NUMEROUS SHELTER IN PLACE ORDERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $293,592

Program Service Revenue $411,363

Investment Income $0

Other Revenue $42,968

TOTAL REVENUE $747,923

Expense Breakdown

Grants Paid $0

Salaries & Benefits $144,826

Fundraising Expenses $0

Program Expenses $543,300

Other Expenses $534,298

TOTAL EXPENSES $679,124

Year-over-Year Comparison

	2025	2024	Change
Revenue	$747,923	N/A	N/A
Expenses	$679,124	N/A	N/A
Net Income	$68,799	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
CHRIS HORTON	BOARD OF DIRECTOR	1.00	Officer Director	$0	$0	$0
MICHAEL MARTIN	TREASURER	1.00	Officer Director	$0	$0	$0
BRET SWEET	CHAIRMAN	1.00	Officer Director	$0	$0	$0
EMMANUAL HYPPOLITE	BOARD OF DIRECTOR	1.00	Officer Director	$0	$0	$0
MYISHA ROBERTSON	BOARD OF DIRECTOR	1.00	Officer Director	$0	$0	$0
PHAETHON BROWN	BOARD OF DIRECTOR	1.00	Officer Director	$0	$0	$0
DIANNA TREMBLAY	BOARD OF DIRECTORS	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
2025	$747,923	$679,124	$288,376	$68,799
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