RITCHIE COUNTY EDUCATIONAL TRUST (EIN 556020147) - 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

1956

Legal Domicile

Principal Officer

WENDY SNIDER

Phone

3046432460

Tax Period

2023-01-01 to 2023-12-31

RITCHIE COUNTY EDUCATIONAL TRUST, founded in 1956, is a small nonprofit in the Education sector that reported $520K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $465K, a strong 90% operating margin.

Mission

THE RITCHIE COUNTY EDUCATIONAL TRUST (RCET) MAKES LOW INTEREST LOANS TO RITCHIE COUNTY RESIDENTS PURSUING POST-SECONDARY EDUCATION. THE RCET IS A NON-COMMERCIAL, REVOLVING LOAN PROGRAM FOR THE EXPRESS PURPOSE OF ASSISTING WORTHY STUDENTS IN OBTAINING EDUCATION. STUDENTS WHO BORROW MONEY PAY IT BACK UPON THE COMPLETION OF THEIR STUDIES AT A LOW RATE OF INTEREST, MAKING THAT MONEY AVAILABLE TO OTHER STUDENTS IN THE FUTURE.

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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 $1,080

Program Service Revenue $0

Investment Income $290,020

Other Revenue $228,430

TOTAL REVENUE $519,530

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,607

Fundraising Expenses $0

Program Expenses $17,660

Other Expenses $31,942

TOTAL EXPENSES $54,549

Year-over-Year Comparison

	2023	2022	Change
Revenue	$519,530	$725,451	-0.3%
Expenses	$54,549	$54,475	+0.0%
Net Income	$464,981	$670,976	-0.3%

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

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

$21,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY L SWEENEY	TRUSTEE	0.10	Director	$0	$0	$0
APRIL HAUGHT	TRUSTEE	0.10	Director	$0	$0	$0
IRA HAUGHT	TRUSTEE	0.10	Director	$0	$0	$0
CLAIRE ROBINSON	TRUSTEE	0.10	Director	$0	$0	$0
MARTHA HARTLEY	TRUSTEE	0.10	Director	$0	$0	$0
LEWIS COTTRILL	TRUSTEE	0.10	Director	$0	$0	$0
JACK LANGFORD	TRUSTEE	0.10	Director	$0	$0	$0
WENDY SNIDER	DIRECTOR	20.00	Officer	$21,000	$0	$21,000

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	No data	No data	No data	No data
2023	$519,530	$54,549	$5,717,661	$464,981
2022	$725,451	$54,475	$5,252,669	$670,976
2021	$714,748	$49,293	$4,581,693	$665,455
2020	$327,670	$49,562	$3,916,237	$278,108

RITCHIE COUNTY EDUCATIONAL TRUST