MCKINNEY, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SRS RAISE THE ROOF FOUNDATION INC, founded in 2012, is a community nonprofit in the Human Services sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $3.6M exceeded revenue, resulting in a 13% operating deficit.
THE MISSION AND PURPOSE OF THE CORPORATION IS TO OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE 1986, AS AMENDED (THE "IRC), AND THE TEXAS TAX CODE SECTION 11.18, AND ALSO TO PERPETUATE THE ABOUVE PURPOSES IN THE EVENT OF DISSOLUTION BY DISTRIBUTING ANY AND ALL ASSETS TO AN ELIGIBLE ORGANIZATION OR ELIGIBLE ORGANIZATIONS. THE SPECIFIC PURPOSES OF THE CORPORATION ARE THE ENHANCMENT OF THE COMMUNITIES IN WHICH SRS DISTRIBUTION INC OPERATES, THROUGH THE ORGANIZED SOLICITATION AND COLLECTION FOR DISTRIBUTIONS THROUGH GIFTS AND GRANTS TO, AND AGREEMENTS WITH, ELIGIBLE ORGANIZATIONS THAT PROVIDE DIRECT HUMAN, HEALTH, AND WELFARE SERVICES. FOR PURPOSES OF THE SECTION 1.6 "ELIGIBLE ORGANIZATION- OR "ELIGIBLE ORGANIZATIONS" SHALL REFER TO AN ORGANIZATION OR ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAXATION AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE IRC, OR AS A CORPORATION CONTRIBUTIONS T
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $3,158,378 | $2,163,760 | +0.5% |
| Expenses | $3,566,034 | $1,681,111 | +1.1% |
| Net Income | $-407,656 | $482,649 | -1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MIKELL BOLLINGER | EXECUTIVE DI | 40.00 |
Officer
|
$88,367 | $0 | $88,367 |
| CARRIE DAVID | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| RYAN NELSON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SONYA WELLS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PAUL WHELAN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JOHN DAVIS | SECRETARY | 2.00 |
Officer
|
$0 | $0 | $0 |
| KYLE MILLER | TREASURER | 2.00 |
Officer
|
$0 | $0 | $0 |
| RON ROSS | CHAIRMAN | 2.00 |
Officer
|
$0 | $0 | $0 |
| DAN TINKER | PRESIDENT | 2.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $3,158,378 | $3,566,034 | $14,961,171 | $-407,656 |
| 2022 | $2,163,760 | $1,681,111 | $11,968,995 | $482,649 |
| 2021 | $1,867,492 | $1,441,583 | $11,500,084 | $425,909 |
| 2020 | $1,269,127 | $911,969 | $1,718,376 | $357,158 |
| 2019 | $1,167,689 | $1,051,403 | $1,098,211 | $116,286 |
| 2018 | $1,102,158 | $918,150 | $957,328 | $184,008 |
Compare SRS RAISE THE ROOF FOUNDATION INC with other nonprofits in Texas and across the country.