RAFTS INC (EIN 222480417) - 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

1984

Legal Domicile

Principal Officer

HAROLD STROUT

Phone

2078922234

Tax Period

2024-07-01 to 2025-06-30

RAFTS INC, founded in 1984, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Expenses of $2.5M left a modest 5% surplus.

Mission

PROVIDE HOUSING AND CARE TO MENTAL HEALTH CLIENTS AT THREE GROUP HOME SETTINGS

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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 $0

Program Service Revenue $2,675,919

Investment Income $11,559

Other Revenue $0

TOTAL REVENUE $2,687,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,003,459

Fundraising Expenses $0

Program Expenses $2,396,781

Other Expenses $538,866

TOTAL EXPENSES $2,542,325

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,687,478	$2,711,173	0.0%
Expenses	$2,542,325	$2,476,072	+0.0%
Net Income	$145,153	$235,101	-0.4%

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

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

$135,541

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAROLD STROUT	ADMINISTRATOR	40.00	Officer Highest	$120,891	$14,650	$135,541
ANDREW WATSON	DIRECTOR	1.00	Director	$0	$0	$0
RCC BUSINESS SERVICES	TREASURER	0.00	Director	$0	$0	$0
CHRISTINE RAND	DIRECTOR	1.00	Director	$0	$0	$0
REINETTE KENT	PRESIDENTSECRETARY	1.00	Officer 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	$2,687,478	$2,542,325	$1,417,519	$145,153
2024	$2,711,173	$2,476,072	$1,146,493	$235,101
2023	$2,457,101	$2,303,199	$884,282	$153,902
2022	$2,292,739	$2,157,345	$849,865	$135,394
2021	$1,583,026	$1,509,066	$543,358	$73,960
2020	$1,745,004	$1,580,388	$513,685	$164,616
2019	$1,465,711	$1,406,437	$446,150	$59,274
2018	$1,385,355	$1,321,825	$459,772	$63,530

RAFTS INC