HANFORD REACH INTERPRETIVE CENTER … - Form 990 Financial Data

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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

2005

Legal Domicile

Principal Officer

STEVE SIMMONS

Phone

5099434100

Tax Period

2023-01-01 to 2023-12-31

HANFORD REACH INTERPRETIVE CENTER DBA REACH FOUNDATION, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $191K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Net assets of $1.5M represent 96 months of operating reserves.

Mission

ASSIST THE RICHLAND PUBLIC FACILITIES DISTRICT WITH CONTINUED DEVELOPMENT AND OPERATIONS ASSISTANCE OF THE HANFORD REACH INTERPRETIVE CENTER.

Program Service Accomplishments

Program 1

Expenses: $200,850

CONTINUED WORK WITH THE RICHLAND PUBLIC FACILITIES DISTRICT TO OPERATE THE HANFORD REACH INTERPRETIVE CENTER AND CHANGE AND UPDATE EXHIBITS.

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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 $72,225

Program Service Revenue $0

Investment Income $58,349

Other Revenue $60,327

TOTAL REVENUE $190,901

Expense Breakdown

Grants Paid $183,930

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $200,850

Other Expenses $20,876

TOTAL EXPENSES $204,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$190,901	$243,022	-0.2%
Expenses	$204,806	$140,228	+0.5%
Net Income	$-13,905	$102,794	-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

100

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
KRISTIN NORELL	BOARD MEMBER	2.00	Director	$0	$0	$0
KRISTIN LERCH	BOARD MEMBER	2.00	Director	$0	$0	$0
ROGER REYNOLDS	BOARD MEMBER	2.00	Director	$0	$0	$0
JUDY CONNELL	BOARD MEMBER	2.00	Director	$0	$0	$0
PAM LARSEN	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVE WISNESS	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVE SIMMONS	PRESIDENT	5.00	Officer	$0	$0	$0
DANIEL L BOYD	Vice President	2.00	Officer	$0	$0	$0
WILLIAM DUNWOODY	Treasurer	5.00	Officer	$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	$190,901	$204,806	$1,533,177	$-13,905
2022	$243,022	$140,228	$1,429,542	$102,794
2021	$272,197	$168,230	$1,741,223	$103,967
2020	$201,993	$306,349	$1,590,847	$-104,356

HANFORD REACH INTERPRETIVE CENTER DBA REACH FOUNDATION