RESOURCE HEALTHCARE OF AMERICA INC GROU

EIN: 582016603 501(c)(3)

ATLANTA, GA

Total Revenue
$51,606
Total Expenses
$685,175
Total Assets
$452,322
Net Assets
$-454,998
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
TN
Principal Officer
NATHAN FARMER
Phone
4043642900
Tax Period
2024-07-01 to 2025-06-30

RESOURCE HEALTHCARE OF AMERICA INC GROU, founded in 1988, is a micro nonprofit that reported $52K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $685K exceeded revenue, resulting in a 1228% operating deficit.

Mission

PROVISION OF RESIDENTIAL AND HEALTH CARE SERVICES TO DEVELOPMENTALLYDISABLED, ELDERLY AND INFIRM PERSONS, INCLUDING THE MENTALLY ILL ANDDEVELOPMENT AND OPERATION OF LOW-INCOME HOUSING

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $51,436
Investment Income $170
Other Revenue $0
TOTAL REVENUE $51,606

Expense Breakdown

Grants Paid $577,983
Salaries & Benefits $25,163
Fundraising Expenses $0
Program Expenses $685,175
Other Expenses $82,029
TOTAL EXPENSES $685,175

Year-over-Year Comparison

2024 2023 Change
Revenue $51,606 $68,030 -0.2%
Expenses $685,175 $504,881 +0.4%
Net Income $-633,569 $-436,851 +0.5%
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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Governance

Voting Members
9
Independent Members
7
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
5
$5,302,041
Total Directors
10
$4,206,371
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRYANT G COATS CO-CEO/DIRECTOR 0.10
Officer Director
$0 $55,404 $2,241,349
JAMES D LOFTIN JR DIRECTOR 0.00
Director
$0 $0 $40,762
CHARLES NORTHCUTT III DIRECTOR 0.00
Director
$0 $0 $43,214
WILLIAM H OAKES DIRECTOR 0.00
Director
$0 $0 $39,456
WILLIAM P WALKER DIRECTOR 0.00
Director
$0 $0 $34,811
ALISON DRUMMOND DIRECTOR 0.00
Director
$0 $0 $30,000
JOHN WEST DIRECTOR 0.00
Director
$0 $0 $90,000
JOHN HAMILTON DIRECTOR 0.00
Director
$0 $0 $43,256
CHASE NORTHCUTT CO-CEO/DIRECTOR 0.00
Officer Director
$0 $78,814 $1,597,603
BRUCE STREET DIRECTOR 0.00
Director
$0 $0 $45,920
SAMIT PATEL VICE PRESIDENT 0.00
Officer
$0 $53,195 $424,695
NATHAN FARMER CFO 0.10
Officer
$0 $53,195 $691,795
SAMUEL COATS VICE PRESIDENT 0.00
Officer
$0 $55,099 $346,599
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 $51,606 $685,175 $452,322 $-633,569
2024 No data No data No data No data
2023 $-3,137 $709,682 $1,324,348 $-712,819
2022 $1,225,320 $1,406,744 $1,855,677 $-181,424
2021 $369,660 $1,497,582 $3,325,403 $-1,127,922
2018 $5 $158,900 No data $-158,895
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