Residential Options Inc

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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

1980

Legal Domicile

Phone

6143328260

Tax Period

2023-01-01 to 2023-12-31

Residential Options Inc, founded in 1980, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2023.

Mission

To provide residential, habilitative, and training services for mentally challenged and/or developmentally disabled individuals in order to assist the individuals to acheive the highest quality of life with the greatest amount of independence.

Program Service Accomplishments

Program 1

Expenses: $1,586,533 Revenue: $141,823

Residential Options operates two group homes for mentally challenged and developmentally disabled individuals with a capacity of eleven residents. Residential Options assists the individuals in daily living with a focus on achieving their greatest level of independence. Most of our residents participate in day programs and workshops. Additionally, Residential Options encourages and supports volunteerism and community activities.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,655,197

Program Service Revenue $139,867

Investment Income $1,956

Other Revenue $0

TOTAL REVENUE $1,797,020

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,189,721

Fundraising Expenses $0

Program Expenses $1,586,533

Other Expenses $597,145

TOTAL EXPENSES $1,786,866

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,797,020	$1,725,621	+0.0%
Expenses	$1,786,866	$1,604,750	+0.1%
Net Income	$10,154	$120,871	-0.9%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Cummins	Chairman	2.00	Officer Director	$0	$0	$0
Scott Bentley	Treasurer	2.00	Officer Director	$0	$0	$0
Nancy Beverage	Secretary	2.00	Officer Director	$0	$0	$0
James Ravenscraft	Board Member	2.00	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	$1,797,020	$1,786,866	$599,471	$10,154
2022	$1,725,621	$1,604,750	$607,344	$120,871
2021	$1,382,752	$1,419,532	$455,325	$-36,780
2020	$1,570,654	$1,410,750	$510,707	$159,904
2019	$1,313,083	$1,305,121	$157,527	$7,962
2018	$1,197,902	$1,161,943	$126,090	$35,959