BIZWORKS ENTERPRISE CENTER

EIN: 900775899 501(c)(3) Community Improvement

RICHMOND, VA

Total Revenue
$204,308
Total Expenses
$317,502
Total Assets
$85,482
Net Assets
$63,149
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
VA
Tax Period
2023-07-01 to 2024-06-30

BIZWORKS ENTERPRISE CENTER, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $292K in total revenue in fiscal year 2018.

Mission

THE ORGANIZATION CULTIVATES NEW AND EMERGING BUSINESSES THAT CONTRIBUTE TO THE ECONOMIC VITALITY OF CHESTERFIELD COUNTY THROUGH JOB CREATION AND CAPITAL INVESTMENT BY PROVIDING MENTORSHIP, ACCESS TO BUSINESS RESOURCES, FLEXIBLE OFFICE/WAREHOUSE SPACE, AND SHARED ADMINISTRATIVE SE

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $90,404
Program Service Revenue $113,904
Investment Income $0
Other Revenue $0
TOTAL REVENUE $204,308

Expense Breakdown

Grants Paid $0
Salaries & Benefits $130,154
Fundraising Expenses $17,058
Program Expenses $279,172
Other Expenses $187,348
TOTAL EXPENSES $317,502

Year-over-Year Comparison

2023 2022 Change
Revenue $204,308 $347,812 -0.4%
Expenses $317,502 $350,278 -0.1%
Net Income $-113,194 $-2,466 +44.9%
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

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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
9
Independent Members
9
Employees
4
Volunteers
11

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
5
$135,549
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TANNER COLLINS EMERITUS EXECUTIVE DIRECTOR 40.00
Officer
$83,049 $0 $83,049
IRIS WOODSON EXECUTIVE DIRECTOR 40.00
Officer
$52,500 $0 $52,500
RAVI PATEL DIRECTOR 1.00
Director
$0 $0 $0
NURY MOJICA DIRECTOR 1.00
Director
$0 $0 $0
ROB WHITE DIRECTOR 1.00
Director
$0 $0 $0
RICHARD SWED DIRECTOR 1.00
Director
$0 $0 $0
LATISHA JENKINS DIRECTOR 1.00
Director
$0 $0 $0
CAROL NITZ CHAIR 1.00
Director
$0 $0 $0
MALLORY CHESNEY SECRETARY 1.00
Officer Director
$0 $0 $0
RALPH MARTINEZ TREASURER 1.00
Officer Director
$0 $0 $0
DANNI GLADDEN-GREEN VICE CHAIR 1.00
Officer 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
2025 No data No data No data No data
2024 $204,308 $317,502 $85,482 $-113,194
2023 $347,812 $350,278 $187,132 $-2,466
2022 $341,592 $336,589 $191,204 $5,003
2021 $323,817 $289,188 $166,500 $34,629
2020 $300,895 $273,042 $130,356 $27,853
2019 $291,937 $285,024 $75,093 $6,913
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