Richmond Education Association of Richmond Inc

Nonprofit profile at a glance

EIN
540839289
IRS 990 coverage
2012–2022
Forms available
Form 990 2022
Location
Richmond, VA, USA
Phone
8046483100
Rating
81
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$700,350
Expenses
$726,954
Assets
$160,012
Liabilities
$18,280

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • KATINA HARRIS (PRESIDENT UNTIL 6/30/23)
  • DARRELL TURNER (VICE PRESIDENT UNTIL 6/30/23)
  • NERILIS SUAREZ (PRESIDENT AS OF 7/1/2023)
  • ELIZABETH FORRESTER (VICE PRESIDENT 7/1/23)

People named in this filing

  • KATINA HARRIS (PRESIDENT UNTIL 6/30/23)
  • DARRELL TURNER (VICE PRESIDENT UNTIL 6/30/23)
  • ANDREA DUNGEE (SECRETARY UNTIL 6/30/23)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To nbsp; promote nbsp; the nbsp; general nbsp; welfare nbsp; of nbsp; the nbsp; membership nbsp; in nbsp; their nbsp; job nbsp; related nbsp; areas

What it reported doing in 2022

Richmond education association files employee workplace grievances, works to solve work-related issues, and meets monthly with a representative of the school board, school board superintendent, and director of human resources to solve related issues

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 30
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.5%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -3.8%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 0.22; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 43; 43rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 82; 82nd percentile among comparable filings

Growth

  • Program expense growth: 36.7% per year; rating input score 100; 92nd percentile among comparable filings
  • Revenue growth: -2.5% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: 6% per year; rating input score 100; 44th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.5% of spending went to programs
  • Governance: 9 of 9 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 15 of 16 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 11 filing years from 2012 to 2022
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Transparency & Controls: Fund balance restriction sum did not reconcile in the filed values.
  • High — Sustainability: Operating margin scored 27/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 43/100.