RESIDENTIAL SUPPORT SERVICES OF WAKE COUNTY INC (EIN 561100477) - 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

1974

Legal Domicile

Principal Officer

CHARLES RICHARD CHAPPELL

Phone

9197871214

Tax Period

2023-07-01 to 2024-06-30

RESIDENTIAL SUPPORT SERVICES OF WAKE COUNTY INC, founded in 1974, is a community nonprofit in the Human Services sector that reported $3.7M in total revenue in fiscal year 2023. Revenue surged 95% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 44% operating margin.

Mission

TO PROVIDE RESIDENTIAL SUPPORT THROUGH GROUP HOMES AND SUPERVISED LIVING FACILITIES TO INDIVIDUALS WITH DEVELOPMENTAL AND OTHER DISABILITIES.

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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 $1,000

Program Service Revenue $3,688,869

Investment Income $28,885

Other Revenue $15,670

TOTAL REVENUE $3,734,424

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,324,613

Fundraising Expenses $0

Program Expenses $1,826,730

Other Expenses $763,078

TOTAL EXPENSES $2,087,691

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,734,424	$1,910,303	+1.0%
Expenses	$2,087,691	$1,653,745	+0.3%
Net Income	$1,646,733	$256,558	+5.4%

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

$137,414

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES RICHARD CHAPPELL	EXECUTIVE DI	40.00	Officer	$125,663	$11,751	$137,414
MEREDITH CLAWSON	DIRECTOR	1.00	Director	$0	$0	$0
LIBBY HOOKER	DIRECTOR	1.00	Director	$0	$0	$0
JOANNA MAGUIRE	DIRECTOR	1.00	Director	$0	$0	$0
BECKY SWINSON	TREASURER	1.00	Director	$0	$0	$0
VICKIE WHITE	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$3,734,424	$2,087,691	$2,393,355	$1,646,733
2023	$1,910,303	$1,653,745	$746,622	$256,558
2022	$1,579,787	$1,729,837	$490,064	$-150,050
2021	$1,447,092	$1,528,143	$640,114	$-81,051
2020	$1,812,509	$1,504,274	$721,165	$308,235
2019	$1,375,935	$1,521,193	$412,930	$-145,258
2018	$1,551,603	$1,495,202	$558,188	$56,401

RESIDENTIAL SUPPORT SERVICES OF WAKE COUNTY INC