RESTORATION SOCIETY INC (EIN 161047189) - 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

1975

Legal Domicile

Principal Officer

ERIC WEIGEL

Phone

7168322141

Tax Period

2024-01-01 to 2024-12-31

RESTORATION SOCIETY INC, founded in 1975, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $7.3M exceeded revenue, resulting in a 15% operating deficit.

Mission

ILLUMINATING PATHWAYS TOWARD OPPORTUNITY, POSSIBILITY, WELLNESS AND INDEPENDENCE.

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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 $5,269,040

Program Service Revenue $1,070,683

Investment Income $992

Other Revenue $6,811

TOTAL REVENUE $6,347,526

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,776,349

Fundraising Expenses $0

Program Expenses $6,283,030

Other Expenses $3,537,173

TOTAL EXPENSES $7,313,522

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,347,526	$10,689,880	-0.4%
Expenses	$7,313,522	$7,898,563	-0.1%
Net Income	$-965,996	$2,791,317	-1.3%

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

138

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

$6,058

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEFFREY GISMONDI	PRESIDENT	15.00	Officer Director	$0	$0	$0
GREGG NUESSLE	DIRECTOR	1.00	Director	$0	$0	$0
KATIE MORREALE	TREASURER	2.00	Officer Director	$0	$0	$0
NATHAN RAMSEY	SECRETARY	2.00	Officer Director	$0	$0	$0
RICHARD DREAD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KNOTT	DIRECTOR	1.00	Director	$0	$0	$0
JEANNE LEISING	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
STEPHEN NAWOTNIAK	DIRECTOR	1.00	Director	$0	$0	$0
JAY SWARTHOUT	DIRECTOR	1.00	Director	$0	$0	$0
ERIC WEIGEL	CEO	37.50	Officer	$0	$0	$0
RACHEL MARTIN	COO	37.50	Officer	$6,058	$0	$6,058

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	$6,347,526	$7,313,522	$5,164,898	$-965,996
2023	$10,689,880	$7,898,563	$6,451,090	$2,791,317
2022	$8,683,259	$8,222,249	$3,798,070	$461,010
2021	$6,722,866	$6,476,112	$2,700,059	$246,754
2020	$6,370,416	$6,414,000	$2,399,204	$-43,584
2019	$5,918,157	$5,726,566	$1,939,405	$191,591
2018	$5,620,941	$5,339,212	$1,727,537	$281,729

RESTORATION SOCIETY INC