COMMONWEALTH WINS

EIN: 933154616

RICHMOND, VA

Total Revenue
$500,087
Total Expenses
$497,232
Total Assets
$2,855
Net Assets
$2,855
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
VA
Principal Officer
AARON PALMER CO MCGUIREWOODS CONSUL
Phone
8047751959
Tax Period
2023-08-30 to 2023-12-31

COMMONWEALTH WINS, founded in 2023, is a small nonprofit that reported $500K in total revenue in fiscal year 2023.

Mission

COMMONWEALTH WINS FUNDED A VOTER EDUCATION AND ADVOCACY EFFORT IN MANASSAS PARK, VIRGINIA TO HELP SUPPORT AND SUSTAIN THE RETURN OF HORSE RACING IN VIRGINIA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $500,040
Program Service Revenue $0
Investment Income $47
Other Revenue $0
TOTAL REVENUE $500,087

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $497,232
Other Expenses $497,232
TOTAL EXPENSES $497,232

Year-over-Year Comparison

2023 2022 Change
Revenue $500,087 N/A N/A
Expenses $497,232 N/A N/A
Net Income $2,855 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

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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
3
Independent Members
N/A
Employees
N/A
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON PALMER CO MCGUIREWOODS CONSUL TREASURER 1.00
Officer Director
$0 $0 $0
BETSY JONES PRESIDENT 1.00
Officer Director
$0 $0 $0
JACK SOURS SECRETARY 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
2023 $500,087 $497,232 $2,855 $2,855
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