RICHMOND CHAMBER OF COMMERCE (EIN 940805833) - 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

1924

Legal Domicile

Principal Officer

JAMES LEE

Phone

5102343512

Tax Period

2022-01-01 to 2022-12-31

RICHMOND CHAMBER OF COMMERCE, founded in 1924, is a micro nonprofit that reported $73K in total revenue in fiscal year 2022. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $119K exceeded revenue, resulting in a 63% operating deficit.

Mission

PUBLIC RELATIONS AND CIVIC MATTERS

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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 (2022)

Revenue Breakdown

Contributions & Grants $72,998

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $72,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,188

Fundraising Expenses $0

Other Expenses $15,860

TOTAL EXPENSES $119,340

Year-over-Year Comparison

	2022	2021	Change
Revenue	$72,998	$147,012	-0.5%
Expenses	$119,340	$149,031	-0.2%
Net Income	$-46,342	$-2,019	+22.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA MALLORY	BOARD MEMBER	1.00	Director	$0	$0	$0
HAKIM JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RAUL RAMIREZ	BOARD MEMBER	1.00	Director	$0	$0	$0
FADHILA HOLMAN	VICE CHAIR	1.00	Director	$0	$0	$0
TIFFANY HARRIS	CHAIR	0.50	Director	$0	$0	$0
CHUCK CARPENTER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROB LIGHTNER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE FISHER	BOARD MEMBER	1.00	Director	$0	$0	$0
JERROLD HATCHETT	BOARD MEMEBER	0.10	Director	$0	$0	$0
DAVID P LEIGHTON	VICE CHAIR	1.00	Director	$0	$0	$0
JILL RODBY	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARLA SULLIVAN	CHAIR	0.20	Director	$0	$0	$0
VERNON WHITMORE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN ZIESENHENNE	CHAIR OF OPERATIONS	1.00	Director	$0	$0	$0
JAMES LEE	CEO	40.00	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
2022	$72,998	$119,340	$339,142	$-46,342
2021	$147,012	$149,031	$543,170	$-2,019
2020	$119,951	$142,271	$274,474	$-22,320
2019	$225,939	$172,361	$296,794	$53,578
2018	$252,873	$255,820	$315,080	$-2,947

RICHMOND CHAMBER OF COMMERCE