THE NEIGHBORHOOD IN RIO RANCHO (EIN 471462853) - Form 990 Financial Analysis & Trantor Score

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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

2014

Legal Domicile

Principal Officer

HAROLD ERMSHAR

Phone

5059942296

Tax Period

2023-04-01 to 2024-03-31

THE NEIGHBORHOOD IN RIO RANCHO, founded in 2014, is a mid-sized nonprofit in the Housing & Shelter sector that reported $14.5M in total revenue in fiscal year 2023. Expenses of $19.5M exceeded revenue, resulting in a 34% operating deficit.

Mission

PROVIDE QUALITY HOUSING, CARE AND SERVICES TO THE SENIORS OF THE LIFE CARE RETIREMENT COMMUNITY.

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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 $500

Program Service Revenue $14,322,464

Investment Income $125,837

Other Revenue $83,582

TOTAL REVENUE $14,532,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,840,461

Fundraising Expenses $0

Program Expenses $18,235,539

Other Expenses $9,664,517

TOTAL EXPENSES $19,504,978

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,532,383	$14,934,178	0.0%
Expenses	$19,504,978	$17,346,353	+0.1%
Net Income	$-4,972,595	$-2,412,175	+1.1%

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

273

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

$1,544,520

Total Directors

$1,417,121

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
E DEANN EATON	CEO/VP/SECRETARY	0.00	Officer Director	$0	$40,053	$1,183,927
ANGIE JULIAN	CFO/TREASURER	0.00	Officer Director	$0	$20,642	$233,194
MARIE TRIGG	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
PAUL SANCHEZ	EXECUTIVE DIRECTOR (THROUGH NOV 2023)	40.00	Officer	$118,143	$9,256	$127,399
JOANNA BEETS	DIRECTOR OF THERAPY	40.00	Highest	$105,683	$16,942	$122,625
KAREN JACOB	AL/MC NURSE MANAGER	40.00	Highest	$103,335	$9,730	$113,065
SARALAH KNUTSON	HC LPN	40.00	Highest	$188,244	$11,853	$200,097

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	$6,959,239	$11,747,471	$68,696,265	$-4,788,232
2024	$14,532,383	$19,504,978	$40,875,387	$-4,972,595
2023	$14,934,178	$17,346,353	$41,437,086	$-2,412,175
2022	$14,930,529	$18,629,029	$43,319,912	$-3,698,500
2021	$15,593,553	$17,901,551	$48,896,869	$-2,307,998
2020	$13,513,543	$17,633,489	$48,364,872	$-4,119,946
2019	$11,686,618	$14,953,275	$50,587,010	$-3,266,657

THE NEIGHBORHOOD IN RIO RANCHO