RESORT AREA MINISTRY INC

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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

1969

Legal Domicile

Principal Officer

MARY SILVER

Phone

8282646605

Tax Period

2023-01-01 to 2023-12-31

RESORT AREA MINISTRY INC, founded in 1969, is a small nonprofit in the Religion sector that reported $356K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $329K left a modest 8% surplus.

Mission

TO PROVIDE SUPPORT/ASSISTANCE/EDUCATION TO LESS FORTUNATE PEOPLE

Program Service Accomplishments

Program 1

Expenses: $318,557 Revenue: $309,269

THRIFT SHOP GAVE 1,300 RECEIPTS FOR DONATIONS. OVER TWO-THIRDS OF DONORS DID NOT WANT RECEIPTS. THRIFT SHOP WORKS WITH OTHER LOCAL AGENCIES ON A VOUCHER SYSTEM TO PROVIDE CLOTHING, HOUSEHOLD ITEMS...

THRIFT SHOP GAVE 1,300 RECEIPTS FOR DONATIONS. OVER TWO-THIRDS OF DONORS DID NOT WANT RECEIPTS. THRIFT SHOP WORKS WITH OTHER LOCAL AGENCIES ON A VOUCHER SYSTEM TO PROVIDE CLOTHING, HOUSEHOLD ITEMS, FURNITURE AND LARGE APPLIANCES AT NO COST TO 625 CLIENTS. OF THE 625, MANY WERE GIVEN CLOTHING SEVERAL TIMES DURING THE YEAR. RAM ALSO HOSTED 187 INDIVIDUALS FOR OVER 3,100 HOURS OF VOLUNTEER WORK, INCLUDING MAKING MUCH-NEEDED IMPROVEMENTS TO THE HOMES OF THE LESS-FORTUNATE.

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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 $46,130

Program Service Revenue $0

Investment Income $125

Other Revenue $309,269

TOTAL REVENUE $355,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $237,872

Fundraising Expenses $0

Program Expenses $318,557

Other Expenses $90,803

TOTAL EXPENSES $328,675

Year-over-Year Comparison

	2023	2022	Change
Revenue	$355,524	$310,021	+0.1%
Expenses	$328,675	$324,790	+0.0%
Net Income	$26,849	$-14,769	-2.8%

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

400

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENNIE ANDERSON	TREASURER	5.00	Officer Director	$0	$0	$0
LAWRENCE CAVINESS	VICE PRESIDENT	5.00	Director	$0	$0	$0
REV CINDY LONG	PRESIDENT	5.00	Director	$0	$0	$0
SHAWNA RHYNE	SECRETARY	5.00	Officer Director	$0	$0	$0
FLOYD TOWNSEND	BOARD MEMBER	5.00	Officer 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
2024	No data	No data	No data	No data
2023	$355,524	$328,675	$285,479	$26,849
2022	$310,021	$324,790	$259,565	$-14,769
2021	$302,402	$252,310	$272,752	$50,092
2020	$169,625	$218,370	$255,992	$-48,745
2019	$240,225	$258,519	$272,965	$-18,294
2018	$238,912	$239,219	$288,827	$-307