REGIONAL OPTICAL COMMUNICATIONS INC

EIN: 270660949 Community Improvement

PRINCETON, WV

Total Revenue
$1,510,063
Total Expenses
$1,534,436
Total Assets
$304,247
Net Assets
N/A
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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
2022
Legal Domicile
WV
Tax Period
2023-07-01 to 2024-06-30

REGIONAL OPTICAL COMMUNICATIONS INC, founded in 2022, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2023.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE AND ECONOMIC DEVELOPMENT PURPOSES WITHIN THE MEANING OF SECTION 5019(C)(4) OF THE INTERNAL REVENUE CODE (THE CODE), OR THE CORRESPONDING SECTION OF ANY FUTURE TAX CODE.

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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 $1,510,063
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,510,063

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,104,794
Other Expenses $1,534,436
TOTAL EXPENSES $1,534,436

Year-over-Year Comparison

2023 2022 Change
Revenue $1,510,063 N/A N/A
Expenses $1,534,436 N/A N/A
Net Income $-24,373 N/A N/A
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
13
Independent Members
13
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT SHAFER VICE CHAIRMAN 5.00
Director
$0 $0 $0
CHARLES SAUNDERS VICE CHAIRMAN 5.00
Director
$0 $0 $0
BEVERLY WHITE CHAIRWOMAN 5.00
Director
$0 $0 $0
JASON ROBERTS PRESIDENT 5.00
Officer
$0 $0 $0
LOWELL ROSE ASSISTANT SECRETARY 5.00
Officer
$0 $0 $0
TIME PIKE SECRETARY 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 $1,510,063 $1,534,436 $304,247 $-24,373
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