RICHLAND NORTH 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

1978

Legal Domicile

Principal Officer

BILLIE STOUDEMIRE

Phone

8436239016

Tax Period

2023-07-01 to 2024-06-30

RICHLAND NORTH INC, founded in 1978, is a small nonprofit in the Unknown sector that reported $183K in total revenue in fiscal year 2023. The organization ran a surplus of $64K, a strong 35% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW AND MODERATE-INCOME HANDICAPPED INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $88,595 Revenue: $50,728

TO PERMIT INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES TO REMAIN IN THEIR HOMES IF DESIRABLE AND POSSIBLE. IF NOT, TO LIVE IN A COMMUNITY SETTING WITH CHARACTERISTICS AS NEAR TO NORMAL AS POSSIBLE FOR...

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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 $132,462

Program Service Revenue $50,608

Investment Income $45

Other Revenue $120

TOTAL REVENUE $183,235

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,430

Fundraising Expenses $0

Program Expenses $88,595

Other Expenses $111,463

TOTAL EXPENSES $118,893

Year-over-Year Comparison

	2023	2022	Change
Revenue	$183,235	$176,057	+0.0%
Expenses	$118,893	$153,949	-0.2%
Net Income	$64,342	$22,108	+1.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBBIE L ROBERTSON SR	MEMBER	1.00	Director	$0	$0	$0
HENRY A SUGGS	MEMBER	1.00	Director	$0	$0	$0
DAVID MATTHEWS	MEMBER	1.00	Director	$0	$0	$0
VALENCIA HOWARD	MEMBER	1.00	Director	$0	$0	$0
BILLIE G STOUDEMIRE	CHAIRPERSON	4.00	Officer	$0	$0	$0
JERRY C MCMANUS	VICE CHAIRPERSON	1.00	Officer	$0	$0	$0
KAY SPEARS	SECRETARY/TREASURER	1.00	Officer	$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	$183,235	$118,893	$441,464	$64,342
2023	$176,057	$153,949	$375,821	$22,108
2022	$181,002	$131,828	$384,748	$49,174
2021	$182,810	$137,891	$368,809	$44,919
2020	$179,747	$143,009	$353,025	$36,738
2019	$169,419	$143,565	$342,537	$25,854