RESIDENTIAL TREATMENT SERVICES OF ALAMANCE INC (EIN 560988222) - 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

1971

Legal Domicile

Principal Officer

RON OSBORNE

Phone

3362272994

Tax Period

2024-07-01 to 2025-06-30

RESIDENTIAL TREATMENT SERVICES OF ALAMANCE INC, founded in 1971, is a community nonprofit in the Mental Health sector that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

IMPROVE THE LIVES OF ADULTS LIVING WITH ALCOHOLISM, ADDICTION AND/OR MENTAL ILLNESS BY PROVIDING THEM WITH THE RESOURCES THEY NEED TO BUILD STRONG PROGRAMS OF RECOVERY

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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 (2024)

Revenue Breakdown

Contributions & Grants $723,632

Program Service Revenue $1,217,399

Investment Income $26,315

Other Revenue $81,168

TOTAL REVENUE $2,048,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,428,473

Fundraising Expenses $59,610

Program Expenses $1,915,489

Other Expenses $737,686

TOTAL EXPENSES $2,166,159

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,048,514	$1,795,819	+0.1%
Expenses	$2,166,159	$1,951,536	+0.1%
Net Income	$-117,645	$-155,717	-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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$123,155

Total Directors

$123,155

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BO CROUCH	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE FERRITA	BOARD MEMBER	1.00	Director	$0	$0	$0
GAYLENE FOGLEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY MARGARET HARRIS	SECRETARY	2.00	Officer Director	$0	$0	$0
STEVE MARTINELLI	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM MCADAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES DUFFIE MCKEE IV	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SHARON MILAM	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA MOORE	TREASURER	2.00	Officer Director	$0	$0	$0
JAMES STRICKLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAD TART	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS S WHITAKER	PRESIDENT	2.00	Officer Director	$0	$0	$0
CAROL WOOTEN	BOARD MEMBER	1.00	Director	$0	$0	$0
RON OSBORNE	EXECUTIVE DIRECTOR	40.00	Officer Director	$114,198	$8,957	$123,155

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	$2,048,514	$2,166,159	$2,058,793	$-117,645
2024	$1,795,819	$1,951,536	$2,058,300	$-155,717
2023	$1,873,851	$1,913,539	$2,159,778	$-39,688
2022	$1,771,338	$1,901,013	$2,118,828	$-129,675
2021	$1,999,325	$1,892,869	$2,452,972	$106,456
2020	$1,946,732	$1,786,852	$2,226,173	$159,880
2019	$1,639,673	$1,673,569	$2,033,500	$-33,896

RESIDENTIAL TREATMENT SERVICES OF ALAMANCE INC