RESIDENT RESOURCES NETWORK INC

EIN: 274676214 501(c)(3) Community Improvement

NEW ALBANY, OH

Total Revenue
$2,748,660
Total Expenses
$1,032,714
Total Assets
$16,367,686
Net Assets
$7,389,790
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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
2011
Legal Domicile
OH
Principal Officer
L SHON BURCH
Phone
6148634640
Tax Period
2023-01-01 to 2023-12-31

RESIDENT RESOURCES NETWORK INC, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $2.7M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $1.7M, a strong 62% operating margin.

Mission

TO BREAK THE CYCLE OF GENERATIONAL POVERTY BY ENHANCING THE LIVES OF RESIDENTS WE SERVE.

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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 $398,359
Program Service Revenue $2,211,458
Investment Income $138,843
Other Revenue $0
TOTAL REVENUE $2,748,660

Expense Breakdown

Grants Paid $0
Salaries & Benefits $472,680
Fundraising Expenses $5,581
Program Expenses $912,873
Other Expenses $560,034
TOTAL EXPENSES $1,032,714

Year-over-Year Comparison

2023 2022 Change
Revenue $2,748,660 $3,366,691 -0.2%
Expenses $1,032,714 $886,956 +0.2%
Net Income $1,715,946 $2,479,735 -0.3%
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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Governance

Voting Members
5
Independent Members
5
Employees
5
Volunteers
11

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
5
$119,791
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
L SHON BURCH EXECUTIVE DIRECTOR- NON - VOTING 40.00
Officer
$108,989 $10,802 $119,791
MARY PATTON SR. VICE PRESIDENT - NON - VOTING 2.50
Officer Director
$0 $0 $0
KAMRAN ALI VP OF TRANSMISSION & TELECOMMUNICATION PLANNING 2.50
Officer Director
$0 $0 $0
BILL HINGA SENIOR VICE PRESIDENT 2.50
Officer Director
$0 $0 $0
AMY DRISCOLL CHIEF FINANCIAL OFFICER 2.50
Officer Director
$0 $0 $0
ITZIA JOHNSON COMMUNITY LENDING ADVISOR 2.50
Director
$0 $0 $0
ALLYSON CROXTON BOARD FELLOW - NON - VOTING 2.50
Director
$0 $0 $0
MATTHEW LEDER BOARD FELLOW - NON - VOTING 2.50
Director
$0 $0 $0
RAMONA WHEELER MANAGING DIRECTOR 2.50
Director
$0 $0 $0
MARILYN STRIBLING RESIDENT - NON-VOTING 2.50
Director
$0 $0 $0
MARIA BHEN RESIDENT - NON-VOTING 2.50
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 $2,748,660 $1,032,714 $16,367,686 $1,715,946
2022 $3,366,691 $886,956 $14,127,854 $2,479,735
2021 $1,601,227 $516,523 $9,374,986 $1,084,704
2020 $1,055,353 $1,137,104 $5,238,422 $-81,751
2019 $1,471,491 $634,778 $3,499,093 $836,713
2018 $1,096,002 $910,113 $827,431 $185,889
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