RMS DEVELOPMENT INC

EIN: 061241289 501(c)(3)

KENSINGTON, CT

Total Revenue
$35,801,464
Total Expenses
$36,312,278
Total Assets
$14,216,774
Net Assets
$3,848,523
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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
1988
Legal Domicile
CT
Principal Officer
JOSEPH DREXLER
Phone
8608288635
Tax Period
2023-07-01 to 2024-06-30

RMS DEVELOPMENT INC, founded in 1988, is a mid-sized nonprofit that reported $35.8M in total revenue in fiscal year 2023.

Mission

ASSIST IN THE MANAGEMENT, OPERATION, ADMINISTRATION AND OWNERSHIP OF NON-INSTITUTIONAL INDEPENDENT LIVING FACILITIES FOR HANDICAPPED AND DEVELOPMENTALLY DISABLED PERSONS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $33,262,078
Program Service Revenue $2,539,245
Investment Income $-88
Other Revenue $229
TOTAL REVENUE $35,801,464

Expense Breakdown

Grants Paid $0
Salaries & Benefits $25,146,309
Fundraising Expenses $0
Program Expenses $32,589,039
Other Expenses $11,165,969
TOTAL EXPENSES $36,312,278

Year-over-Year Comparison

2023 2022 Change
Revenue $35,801,464 $35,992,626 0.0%
Expenses $36,312,278 $35,256,356 +0.0%
Net Income $-510,814 $736,270 -1.7%
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

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Governance

Voting Members
6
Independent Members
6
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
5
$511,304
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH DREXLER EXECUTIVE DI 0.00
Officer
$0 $32,812 $327,447
DIANA SERRA BUSINESS DIR 0.00
Officer
$0 $17,899 $183,857
DONNA MARLOW DIRECTOR 0.50
Director
$0 $0 $0
BETTY ZOUBEK DIRECTOR 0.50
Director
$0 $0 $0
LORRIE CARLSON DIRECTOR 0.50
Director
$0 $0 $0
STEVEN WOLLMAN PRESIDENT 0.50
Officer Director
$0 $0 $0
JOSEPH MILARDO TREASURER 0.50
Officer Director
$0 $0 $0
CHRIS GONZALEZ SECRETARY 0.50
Officer Director
$0 $0 $0
ROBIN TROWBRIDGE AREA DIRECTO 0.00
Highest
$0 $29,919 $192,007
JULIA CASEY AREA DIRECTO 0.00
Highest
$0 $29,582 $181,392
THOMAS KABELKA NURSE 0.00
Highest
$0 $28,377 $180,245
PAULA DOOLITTLE AREA DIRECTO 0.00
Highest
$0 $29,508 $180,004
KIM STENGL-SAMUK NURSE 0.00
Highest
$0 $15,413 $134,005
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
2025 No data No data No data No data
2024 $35,801,464 $36,312,278 $14,216,774 $-510,814
2023 $35,992,626 $35,256,356 $12,751,346 $736,270
2022 $29,937,810 $30,219,828 $10,546,503 $-282,018
2021 $30,398,939 $30,589,663 $11,115,267 $-190,724
2020 $28,217,618 $28,193,390 $10,842,654 $24,228
2019 $23,243,315 $23,302,095 $9,287,803 $-58,780
2018 $21,311,542 $21,329,040 $9,204,930 $-17,498
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