REMMSCO 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

1981

Legal Domicile

Principal Officer

Jim Reaves

Phone

3363429504

Tax Period

2023-07-01 to 2024-06-30

REMMSCO Inc, founded in 1981, is a small nonprofit in the Mental Health sector that reported $388K in total revenue in fiscal year 2023. Expenses of $332K left a modest 14% surplus.

Mission

To provide halfway house for individuals recovering from substance use disorders.

Program Service Accomplishments

Program 1

Expenses: $305,332 Revenue: $387,968

Halfway house for recovering alcoholics and chemically dependent individuals in Rockingham County. Residents are provided food, shelter and counseling to assist them in their 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 (2023)

Revenue Breakdown

Contributions & Grants $345,036

Program Service Revenue $39,635

Investment Income $2,346

Other Revenue $951

TOTAL REVENUE $387,968

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,653

Fundraising Expenses $4,466

Program Expenses $305,332

Other Expenses $125,193

TOTAL EXPENSES $331,846

Year-over-Year Comparison

	2023	2022	Change
Revenue	$387,968	$407,358	0.0%
Expenses	$331,846	$341,622	0.0%
Net Income	$56,122	$65,736	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jim Reaves	President	3.00	Officer Director	$0	$0	$0
William C Yates Jr	Vice President	3.00	Officer Director	$0	$0	$0
Jennifer Brown Tate	Treasurer	2.00	Officer Director	$0	$0	$0
Cherilyn Reaves	Director	1.00	Director	$0	$0	$0
Ted Paynter	Director	1.00	Director	$0	$0	$0
Doug McLeroy	Director	1.00	Director	$0	$0	$0
Charlene Royster	Director	1.00	Director	$0	$0	$0
Mitchel Fincher	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	$387,968	$331,846	$331,076	$56,122
2023	$407,358	$341,622	$275,164	$65,736
2022	$361,800	$331,086	$209,024	$30,714
2021	$283,233	$293,585	$178,310	$-10,352
2020	$363,672	$336,153	$188,951	$27,519