RUTHS HOUSE INC (EIN 043243770) - 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

1992

Legal Domicile

Phone

9785215575

Tax Period

2023-01-01 to 2023-12-31

RUTHS HOUSE INC, founded in 1992, is a small nonprofit in the Human Services sector that reported $474K in total revenue in fiscal year 2023. Expenses of $440K left a modest 7% surplus.

Mission

Ruth's House Inc. is a non profit organization operating a charitable thrift store in Haverhill, MA. Our mission is to recycle, reuse and renew clothing and household goods for charity, with the ultimate goal of supplying clothing to those in need.

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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 (2023)

Revenue Breakdown

Contributions & Grants $388,557

Program Service Revenue $0

Investment Income $10,777

Other Revenue $74,170

TOTAL REVENUE $473,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $215,615

Fundraising Expenses $63,978

Program Expenses $321,865

Other Expenses $224,031

TOTAL EXPENSES $439,646

Year-over-Year Comparison

	2023	2022	Change
Revenue	$473,504	$446,399	+0.1%
Expenses	$439,646	$395,036	+0.1%
Net Income	$33,858	$51,363	-0.3%

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

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

$50,576

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY SMITH-BODEN	EXEC DIRECTOR	40.00		$54,500	$0	$54,500
BARBARA CANYES	COO	40.00	Director	$50,576	$0	$50,576
SUZANNE GATES	Director	0.00	Director	$0	$0	$0
BARBARA DONEGAN	Director	5.00	Director	$0	$0	$0
SUSAN BAUMAN	Director	5.00	Director	$0	$0	$0
JUDY TRACY	Director	0.00	Director	$0	$0	$0
CATHERINE MERCHANT	President	0.00	Director	$0	$0	$0
NURY CARDOZA	Director	0.00	Director	$0	$0	$0
GEORGE MORIARTY	Director	0.00	Director	$0	$0	$0
CLAIRE HAILSON	Executive Dir.	40.00	Director	$0	$0	$0
JANEL DAGATA-LYNCH	Director	0.00	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
2024	No data	No data	No data	No data
2023	$473,504	$439,646	$780,622	$33,858
2022	$446,399	$395,036	$812,063	$51,363
2021	$420,511	$342,584	$719,429	$77,927
2020	$363,992	$322,978	$235,107	$41,014
2019	$366,156	$385,270	$92,542	$-19,114
2018	$282,298	$265,864	$113,294	$16,434

RUTHS HOUSE INC