Rays House Inc

EIN: 262139183 501(c)(3) Mental Health

Muskogee, OK

Total Revenue
$374,554
Total Expenses
$377,453
Total Assets
$1,758,947
Net Assets
$1,704,001
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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
2009
Legal Domicile
OK
Principal Officer
Ray Welch
Phone
9187060883
Tax Period
2023-01-01 to 2023-12-31

Rays House Inc, founded in 2009, is a small nonprofit in the Mental Health sector that reported $375K in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Net assets of $1.7M represent 55 months of operating reserves.

Mission

recovery program for adult men and women

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $347,711
Investment Income $0
Other Revenue $26,843
TOTAL REVENUE $374,554

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,447
Fundraising Expenses $0
Program Expenses $349,132
Other Expenses $362,006
TOTAL EXPENSES $377,453

Year-over-Year Comparison

2023 2022 Change
Revenue $374,554 $875,432 -0.6%
Expenses $377,453 $443,836 -0.1%
Net Income $-2,899 $431,596 -1.0%
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
3
Independent Members
3
Employees
1
Volunteers
8

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
3
$14,254
Total Directors
3
$14,254
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ray Welch Executive Dir. 60.00
Officer Director
$14,254 $0 $14,254
Sherry Grooms Secretary 4.00
Officer Director
$0 $0 $0
Donna Hayes Director 4.00
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
2024 No data No data No data No data
2023 $374,554 $377,453 $1,758,947 $-2,899
2022 $875,432 $443,836 $1,783,404 $431,596
2021 $395,658 $329,506 $1,312,990 $66,152
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