REGIONAL CONTRACTING ASSISTANCE CENTER INC (EIN 550680834) - 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

1987

Legal Domicile

Principal Officer

Sommer Straight

Phone

3043442546

Tax Period

2023-08-01 to 2024-07-31

REGIONAL CONTRACTING ASSISTANCE CENTER INC, founded in 1987, is a small nonprofit in the Unknown sector that reported $808K in total revenue in fiscal year 2023.

Mission

To provide procurement technical assistance as part of the U.S. Department of Defense APEX Accelerator program to West Virginia businesses seeking contracts with federal, state, or local governments.

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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 $784,978

Program Service Revenue $3,980

Investment Income $6,475

Other Revenue $12,089

TOTAL REVENUE $807,522

Expense Breakdown

Grants Paid $0

Salaries & Benefits $564,887

Fundraising Expenses $0

Program Expenses $684,397

Other Expenses $240,306

TOTAL EXPENSES $805,193

Year-over-Year Comparison

	2023	2022	Change
Revenue	$807,522	$783,659	+0.0%
Expenses	$805,193	$739,028	+0.1%
Net Income	$2,329	$44,631	-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

Volunteers

N/A

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

$77,801

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sommer Straight	President	40	Officer	$77,801	$0	$77,801
Rick Clay	Chair	2	Director	$0	$0	$0
John C Casey	Vice Chair	2	Director	$0	$0	$0
Jeffrey Munson	Secretary	2	Director	$0	$0	$0
Bryan Hoylman	Director	1	Director	$0	$0	$0
Duke Jordan	Director	1	Director	$0	$0	$0
Glen A Murphy	Director	1	Director	$0	$0	$0
Derek Scarbro	Director	1	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	$807,522	$805,193	$577,484	$2,329
2023	$783,659	$739,028	$624,231	$44,631
2022	$806,969	$695,669	$581,223	$111,300
2021	$687,809	$624,022	$465,212	$63,787
2020	$667,170	$627,018	$402,877	$40,152
2019	$580,997	$580,211	$114,358	$786
2018	$569,381	$560,613	$97,660	$8,768

REGIONAL CONTRACTING ASSISTANCE CENTER INC