RICHLAND NEWHOPE INDUSTRIES 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

1963

Legal Domicile

Principal Officer

AMANDA SOUTH

Phone

4197744400

Tax Period

2023-09-01 to 2024-08-31

RICHLAND NEWHOPE INDUSTRIES INC, founded in 1963, is a community nonprofit in the Employment sector that reported $9.1M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $8.8M left a modest 3% surplus.

Mission

TO INTEGRATE INDIVIDUALS WITH DISABILITIES INTO THE COMMUNITY. RNI PROVIDES JOB TRAINING AND WORK OPPORTUNITIES FOR ADULTS LIVING IN RICHLAND AND OTHER SURROUNDING COUNTIES.

Program Service Accomplishments

Program 1

Expenses: $4,149,885 Revenue: $4,663,856

SUBCONTRACT JOBS THAT CAN BE PERFORMED FOR VARIOUS BUSINESSES AND PERSONS BY TRAINABLE HANDICAPPED PERSONS.

Program 2

Expenses: $926,857 Revenue: $1,499,335

ADULT DAY SERVICES PROVIDED TO DISABLED INDIVIDUALS.

Program 3

Expenses: $1,061,898 Revenue: $1,424,965

TRANSPORTATION SERVICES PROVIDED TO DISABLED INDIVIDUALS.

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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 $19,960

Program Service Revenue $8,956,107

Investment Income $106,854

Other Revenue $-16,372

TOTAL REVENUE $9,066,549

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,506,312

Fundraising Expenses $0

Program Expenses $7,519,754

Other Expenses $4,269,917

TOTAL EXPENSES $8,776,229

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,066,549	$7,054,611	+0.3%
Expenses	$8,776,229	$8,037,806	+0.1%
Net Income	$290,320	$-983,195	-1.3%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

390

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

$115,072

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANNE MUDRA	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
JACK STEWART	PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM MORELL	BOARD MEMBER	1.00	Director	$0	$0	$0
KALYN STICHLER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MERRIS WELGE	BOARD MEMBER	1.00	Director	$0	$0	$0
TRAE TURNER	BOARD MEMBER	1.00	Director	$0	$0	$0
BIANCA ELDER	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANDA SOUTH	EXECUTIVE DIRECTOR	40.00	Officer	$112,422	$2,650	$115,072

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	$9,066,549	$8,776,229	$9,458,804	$290,320
2023	$7,054,611	$8,037,806	$8,298,046	$-983,195
2022	$8,394,692	$8,315,921	$8,935,690	$78,771
2021	$11,338,737	$9,217,959	$9,269,108	$2,120,778
2020	$9,252,367	$8,861,259	$6,745,304	$391,108
2020	$9,625,235	$8,861,259	$7,118,172	$763,976
2019	$8,935,761	$9,650,607	$6,213,272	$-714,846
2018	$8,188,462	$7,822,116	$6,858,186	$366,346