RITCHIE COUNTY FAMILY RESOURCE NET… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

PAM WARD

Tax Period

2023-07-01 to 2024-06-30

RITCHIE COUNTY FAMILY RESOURCE NETWORK INC, founded in 1992, is a small nonprofit in the Human Services sector that reported $534K in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. Expenses of $481K left a modest 10% surplus.

Mission

MOBILIZE THE COMMUNITY, ENGAGE IN NEEDED PROBLEM SOLVING ACTIVITIES, EVALUATE LOCAL SERVICE SYSTEM, REVIEW AND REVISE COMMUNITY PLAN FOR AREA, PLANNING AND COORDINATING.

Program Service Accomplishments

Program 1

Expenses: $447,770 Revenue: $534,309

MOBILIZE THE COMMUNITY, ENGAGE IN NEEDED PROBLEM SOLVING ACTIVITIES, EVALUATE LOCAL SERVICE SYSTEM, REVIEW AND REVISE COMMUNITY PLAN FOR AREA, PLANNING AND COORDINATING.

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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 $534,308

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $534,308

Expense Breakdown

Grants Paid $269,358

Salaries & Benefits $144,909

Fundraising Expenses $0

Program Expenses $447,770

Other Expenses $66,983

TOTAL EXPENSES $481,250

Year-over-Year Comparison

	2023	2022	Change
Revenue	$534,308	$313,240	+0.7%
Expenses	$481,250	$311,543	+0.5%
Net Income	$53,058	$1,697	+30.3%

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
SHERRY ADAMS	SECRETARY	3.00	Officer	$0	$0	$0
BONNIE CLINE	TREASURER	3.00	Officer	$0	$0	$0
OLIVIA PARSONS	VICE PRESIDENT	2.00	Officer	$0	$0	$0
PAM WARD	DIRECTOR	40.00	Officer	$0	$0	$0
SHERI BOND	PRESIDENT	5.00	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	$534,308	$481,250	$107,940	$53,058
2023	$313,240	$311,543	$54,882	$1,697
2022	$301,728	$279,139	$53,185	$22,589

RITCHIE COUNTY FAMILY RESOURCE NETWORK INC