RITES INC

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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

2002

Legal Domicile

Principal Officer

LAURA HENDERSON

Phone

8016280587

Tax Period

2023-01-01 to 2023-12-31

RITES INC, founded in 2002, is a community nonprofit in the Employment sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

TRAINING AND EDUCATION

Program Service Accomplishments

Program 1

Expenses: $995,789 Revenue: $935,988

R.I.T.E.S., INC. PROVIDES DAILY LIVING SKILLS DEVELOPMENT AND EMPLOYMENT RELATED TRAINING TO ADULTS AND CHILDREN WITH DISABILITIES. WE ALSO PROVIDE RESPITE CARE AND FAMILY SUPPORT.

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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 $0

Program Service Revenue $935,998

Investment Income $359

Other Revenue $168,135

TOTAL REVENUE $1,104,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $995,789

Other Expenses $1,074,904

TOTAL EXPENSES $1,074,904

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,104,492	$888,677	+0.2%
Expenses	$1,074,904	$1,101,457	0.0%
Net Income	$29,588	$-212,780	-1.1%

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
LAURA HENDERSON	CEO/BOARD MEMBER	10.00	Officer	$0	$0	$0
BARBARA EDMONDS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOANNA HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
KJ WEBB	BOARD MEMBER	1.00	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	$1,104,492	$1,074,904	$60,729	$29,588
2022	$888,677	$1,101,457	$24,081	$-212,780
2021	$973,787	$1,101,148	$233,902	$-127,361
2020	$934,239	$868,412	$366,255	$65,827
2019	$694,932	$738,309	$304,219	$-43,377
2018	$708,089	$667,566	$348,274	$40,523