RLCB Inc

EIN: 560884337 501(c)(3)

Raleigh, NC

Total Revenue
$107,444
Total Expenses
$400,730
Total Assets
$3,766,857
Net Assets
$3,766,857
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
NC
Principal Officer
JANET GRIFFEY
Phone
9192564233
Tax Period
2021-10-01 to 2022-09-30

RLCB Inc, founded in 1966, is a small nonprofit that reported $107K in total revenue in fiscal year 2021. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $401K exceeded revenue, resulting in a 273% operating deficit.

Mission

IN PRIOR YEARS, THE ORGANIZATION PROVIDED ASSESSMENT, TRAINING, AND JOB PLACEMENT SERVICES TO INDIVIDUALS WHO ARE BLIND OR VISUALLY IMPAIRED, EMPOWERING THEM TO ACCESS THE VOCATIONAL SETTING OF THEIR CHOICE AND TO ACHIEVE ECONOMIC AND PERSONAL INDEPENDENCE THROUGH EMPLOYMENT. THE ORGANIZATION IS CURRENTLY WINDING DOWN OPERATIONS

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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 (2021)

Revenue Breakdown

Contributions & Grants $28
Program Service Revenue $0
Investment Income $107,416
Other Revenue $0
TOTAL REVENUE $107,444

Expense Breakdown

Grants Paid $0
Salaries & Benefits $311,765
Fundraising Expenses $0
Other Expenses $88,965
TOTAL EXPENSES $400,730

Year-over-Year Comparison

2021 2020 Change
Revenue $107,444 $191,851 -0.4%
Expenses $400,730 $439,882 -0.1%
Net Income $-293,286 $-248,031 +0.2%
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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Governance

Voting Members
11
Independent Members
11
Employees
2
Volunteers
10

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
5
$210,016
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT HALL CHAIRMAN 1.00
Officer Director
$0 $0 $0
STEVE MCLAURIN VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
DIANNE M ELLIS SECRETARY 1.00
Officer Director
$0 $0 $0
TOM ROLLINS TREASURER 1.00
Officer Director
$0 $0 $0
DAVID JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN NEESE BOARD MEMBER 1.00
Director
$0 $0 $0
ISAAC PORTER BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL YOUTH BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
JAYNE SIMPKINS BOARD MEMBER 1.00
Director
$0 $0 $0
DOTTY ELLIS BOARD MEMBER 1.00
Director
$0 $0 $0
JANET GRIFFEY PRESIDENT/CEO 40.00
Officer
$193,626 $16,390 $210,016
CHRIS HUFF CONTROLLER 40.00
Highest
$137,727 $11,000 $148,727
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
2022 $107,444 $400,730 $3,766,857 $-293,286
2021 $191,851 $439,882 $4,748,223 $-248,031
2020 $1,002,673 $1,457,364 $4,384,241 $-454,691
2019 $3,324,372 $4,022,214 $7,389,233 $-697,842
2018 $3,812,055 $3,781,083 $7,457,291 $30,972
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