Rehab Therapy Inc CO Wachovia Bank

EIN: 560603917 501(c)(3)

Raleigh, NC

Total Revenue
$98,413
Total Expenses
$552,844
Total Assets
$181,077
Net Assets
$181,077
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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
1953
Legal Domicile
NC
Principal Officer
Anjanette Harris
Tax Period
2018-01-01 to 2018-12-31

Rehab Therapy Inc CO Wachovia Bank, founded in 1953, is a micro nonprofit that reported $98K in total revenue in fiscal year 2018. Revenue surged 313% from the prior year, signaling strong growth momentum. Expenses of $553K exceeded revenue, resulting in a 462% operating deficit.

Mission

Therapy services to children

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $98,413
Other Revenue $0
TOTAL REVENUE $98,413

Expense Breakdown

Grants Paid $0
Salaries & Benefits $27,000
Fundraising Expenses $0
Program Expenses $500,000
Other Expenses $525,844
TOTAL EXPENSES $552,844

Year-over-Year Comparison

2018 2017 Change
Revenue $98,413 $23,857 +3.1%
Expenses $552,844 $30,569 +17.1%
Net Income $-454,431 $-6,712 +66.7%
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

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
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
2
$27,000
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Malcomb Coley President 0.20
Officer Director
$0 $0 $0
Anjanette Harris Executive Direc 4.20
Officer
$27,000 $0 $27,000
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
2018 $98,413 $552,844 $181,077 $-454,431
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