RISING TIDE CAPITAL INC AND SUBSIDIARIES (EIN 113720098) - 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

2004

Legal Domicile

Principal Officer

ALEX FORRESTER

Phone

2014324316

Tax Period

2024-01-01 to 2024-12-31

RISING TIDE CAPITAL INC AND SUBSIDIARIES, founded in 2004, is a community nonprofit in the Community Improvement sector that reported $5.5M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $7.6M exceeded revenue, resulting in a 38% operating deficit.

Mission

OUR MISSION IS TRANSFORMING LIVES AND COMMUNITIES THROUGH ENTREPRENEURSHIP. WE ASSIST ENTREPRENEURS IN ECONOMICALLY MARGINALIZED COMMUNITIES TO BUILD LASTING BUSINESSES. OUR VISION IS TO BUILD INCLUSIVE COMMUNITIES OF RESILIENT ENTREPRENEURS CATALYZING A THRIVING AND SUSTAINABLE ECONOMY FOR ALL. THROUGH OUR SIGNATURE PROGRAMS, THE COMMUNITY BUSINESS ACADEMY (CBA), BUSINESS ACCELERATION SERVICES (BAS), AND CREDIT TO CAPITAL (C2C), WE PROVIDE HOLISTIC TECHNICAL ASSISTANCE, ACCESS TO CAPITAL THROUGH PARTNERS AND BUSINESS MANAGEMENT EDUCATION AND COACHING. CBA IS A COLLEGE-ACCREDITED COURSE PROVIDING BASIC SKILLS NEEDED TO MANAGE AND STRENGTHEN A BUSINESS. CLASSES ARE OFFERED IN ENGLISH AND SPANISH, TAILORED TO MEET VARIED IDENTITIES AND EDUCATIONAL LEVELS. AS PART OF BAS, OUR SUBJECT MATTER EXPERTS PREPARE ENTREPRENEURS FOR GROWTH. OUR C2C PROGRAM PROVIDES ACCESS TO FINANCING FROM VETTED CDFIS. WITH A NETWORK OF PARTNERS, RTC LICENSES ITS PROVEN MODEL TO SCALE IMPACT IN MORE COMMUNITIES

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,426,231

Program Service Revenue $666,454

Investment Income $445,331

Other Revenue $0

TOTAL REVENUE $5,538,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,703,469

Fundraising Expenses $756,898

Program Expenses $6,328,636

Other Expenses $2,911,596

TOTAL EXPENSES $7,615,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,538,016	$5,047,525	+0.1%
Expenses	$7,615,065	$6,920,978	+0.1%
Net Income	$-2,077,049	$-1,873,453	+0.1%

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

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

$894,162

Total Directors

$321,492

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAURICE KUYKENDOLL	TREASURER	2.00	Officer Director	$0	$0	$0
JOE MASTERSON	VICE CHAIR & SECRETARY OF THE BOARD	2.00	Officer Director	$0	$0	$0
ANAND DEVENDRAN	FINANCE AND AUDIT COMMITTEE CHAIRMAN	2.00	Officer Director	$0	$0	$0
ANDRE DUGGIN	BOARD MEMBER	2.00	Director	$0	$0	$0
ANGELO STRACQUATANIO	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFFREY ROBINSON	BOARD MEMBER	2.00	Director	$0	$0	$0
KIRAN HANDA GUADIOSO	BOARD MEMBER	2.00	Director	$0	$0	$0
PRESTON PINKETT	BOARD MEMBER	2.00	Director	$0	$0	$0
AICHA BALLA	CHAIR	2.00	Director	$0	$0	$0
KRISTEN SHARP	BOARD MEMBER	2.00	Director	$0	$0	$0
ALFA DEMMELLASH	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$267,500	$53,992	$321,492
ALEX FORRESTER	CHIEF OPERATING OFFICER	40.00	Officer	$245,452	$59,383	$304,835
JOYNICOLE MARTINEZ	CHIEF ADVANCEMENT OFFICER	40.00	Officer	$228,333	$39,502	$267,835
LOUISA COUSINS	SENIOR DIRECTOR OF ANALYTICS & INFOR	40.00	Highest	$147,009	$48,123	$195,132
KRIS VAN NEST	EXECUTIVE PRODUCER OF DIGITAL LEARNI	40.00	Highest	$149,648	$38,687	$188,335
CHRIS BREITENBERG	DIRECTOR - NPP	40.00	Highest	$132,426	$45,900	$178,326
SAMIRA COOK	MANAGING DIRECTOR OF STRATEGIC PARTNERSHIPS	40.00	Highest	$140,347	$47,233	$187,580

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	$5,538,016	$7,615,065	$9,628,408	$-2,077,049
2023	$5,047,525	$6,920,978	$12,416,017	$-1,873,453
2022	$8,164,515	$6,423,165	$14,713,399	$1,741,350
2022	$8,164,515	$6,423,165	$14,713,399	$1,741,350
2021	$7,829,523	$5,302,000	$11,292,323	$2,527,523
2020	$7,734,873	$4,734,062	$8,934,854	$3,000,811
2019	$4,273,880	$6,043,431	$5,676,054	$-1,769,551
2018	$3,698,042	$4,843,893	$5,551,981	$-1,145,851

RISING TIDE CAPITAL INC AND SUBSIDIARIES