RCAP SOLUTIONS FINANCIAL SERVICES INC

EIN: 205660521 501(c)(3)

WORCESTER, MA

Total Revenue
$215,148
Total Expenses
$129,303
Total Assets
$14,891,250
Net Assets
$801,368
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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
2006
Legal Domicile
MA
Principal Officer
BRIAN SCALES
Phone
8004881969
Tax Period
2022-07-01 to 2023-06-30

RCAP SOLUTIONS FINANCIAL SERVICES INC, founded in 2006, is a small nonprofit that reported $215K in total revenue in fiscal year 2022. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $86K, a strong 40% operating margin.

Mission

TO PROMOTE COMMUNITY DEVELOPMENT BY IMPROVING THE SOCIAL AND ECONOMIC CONDITIONS OF UNDER-SERVED PERSONS AND DISTRESSED COMMUNITIES AND TO DEVELOP AND FOSTER SELF-SUFFICIENCY AMONG SUCH PERSONS AND COMMUNITIES. TO IMPROVE THE QUALITY OF LIFE FOR LOW-INCOME FAMILIES AND COMMUNITIES BY PROVIDING AND DEVELOPING EDUCATIONAL PROGRAMS, SERVICES, FINANCIAL AND TECHNICAL ASSISTANCE INCLUDING LOANS AND GRANTS FOR HOUSING, PROTECTION OF THE ENVIRONMENT, HUMAN SERVICES AND COMMUNITY DEVELOPMENT INCLUDING SEWER AND WATER PROJECTS.

Program Service Accomplishments

Program 1
Expenses: $103,585 Revenue: $182,897

TO PROVIDE LOANS FOR INDIVIDUALS AND FAMILIES FOR HOME REPAIR AND FOR HELPING DISABLED FAMILIES AND SMALL BUSINESSES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $32,000
Program Service Revenue $179,097
Investment Income $251
Other Revenue $3,800
TOTAL REVENUE $215,148

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $103,585
Other Expenses $129,303
TOTAL EXPENSES $129,303

Year-over-Year Comparison

2022 2021 Change
Revenue $215,148 $150,052 +0.4%
Expenses $129,303 $122,534 +0.1%
Net Income $85,845 $27,518 +2.1%
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

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Governance

Voting Members
9
Independent Members
8
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
4
$211,958
Total Directors
9
$211,958
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN SCALES PRESIDENT & CEO/CLERK 6.00
Officer Director
$0 $12,907 $211,958
LAURA MCGEE CHAIR 1.00
Officer Director
$0 $0 $0
TRACEY WEEDEN VICE CHAIR 1.00
Officer Director
$0 $0 $0
KEN REID TREASURER 1.00
Officer Director
$0 $0 $0
CARL H ALLEN DIRECTOR 1.00
Director
$0 $0 $0
SUSAN BACHMAN DIRECTOR 1.00
Director
$0 $0 $0
JULIE CAROLL DIRECTOR 1.00
Director
$0 $0 $0
TIM GRINHAM DIRECTOR 1.00
Director
$0 $0 $0
HENRY NOEL JR DIRECTOR 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $215,148 $129,303 $14,891,250 $85,845
2022 $150,052 $122,534 $13,741,762 $27,518
2021 $143,939 $142,810 $13,066,355 $1,129
2020 $176,482 $166,482 $11,671,609 $10,000
2019 $248,977 $162,832 $11,039,311 $86,145
2018 $184,051 $172,250 $9,615,942 $11,801
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