RICH IN MERCY MISSION INSTITUTE INC (EIN 471591567) - 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

Phone

7242389204

Tax Period

2023-01-01 to 2023-12-31

RICH IN MERCY MISSION INSTITUTE INC, founded in 2014, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $224K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $214K left a modest 5% surplus.

Mission

TO PROMOTE A GLOBAL CULTURE OF SOLIDARITY WITH THE POOR - IN HAITI, EAST AFRICA AND BEYOND - FOR A MORE JUST AND SUSTAINABLE WORLD

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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 $224,440

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $224,440

Expense Breakdown

Grants Paid $202,052

Salaries & Benefits $0

Fundraising Expenses $2,118

Program Expenses $203,930

Other Expenses $12,122

TOTAL EXPENSES $214,174

Year-over-Year Comparison

	2023	2022	Change
Revenue	$224,440	$266,325	-0.2%
Expenses	$214,174	$228,036	-0.1%
Net Income	$10,266	$38,289	-0.7%

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
RICHARD A GOSSER	President	5.00	Officer Director	$0	$0	$0
E DANEEN GOSSER	Secretary	1.00	Officer Director	$0	$0	$0
MITCHELL FARRELL	Treasurer	1.00	Officer Director	$0	$0	$0
CAROL SERAFIN	Director	1.00	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
2024	No data	No data	No data	No data
2023	$224,440	$214,174	$282,767	$10,266
2022	$266,325	$228,036	$271,822	$38,289
2021	$304,407	$264,103	$233,410	$40,304
2020	$196,570	$191,959	$192,821	$4,611
2019	$155,644	$143,681	$188,342	$11,963
2018	$230,712	$196,232	$177,053	$34,480

RICH IN MERCY MISSION INSTITUTE INC