REACH INC (EIN 611274340) - Form 990 Financial Analysis & Trantor Score

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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

1994

Legal Domicile

Principal Officer

ELISA COOLEY

Phone

8594558057

Tax Period

2024-04-01 to 2025-03-31

REACH INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $176K in total revenue in fiscal year 2024. Expenses of $211K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO FIRST-TIME HOMEOWNERS IN CENTRAL KENTUCKY

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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 (2024)

Revenue Breakdown

Contributions & Grants $108,162

Program Service Revenue $46,765

Investment Income $-243

Other Revenue $21,010

TOTAL REVENUE $175,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,140

Fundraising Expenses $0

Program Expenses $5,743

Other Expenses $75,453

TOTAL EXPENSES $210,593

Year-over-Year Comparison

	2024	2023	Change
Revenue	$175,694	$177,053	0.0%
Expenses	$210,593	$221,755	-0.1%
Net Income	$-34,899	$-44,702	-0.2%

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

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

$70,969

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELISA COOLEY	EXECUTIVE DIRECTOR	40.00	Director	$70,969	$0	$70,969
TYLER HAMILTON	CHAIR	1.00	Officer Director	$0	$0	$0
BRAEDEN FINCH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MIKE DUNN	SECRETARY	1.00	Officer Director	$0	$0	$0
CAMERON STEINER	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
LORA ARIA	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES BEACH III	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON EASON	DIRECTOR	1.00	Director	$0	$0	$0
ADAM HALL	DIRECTOR	1.00	Director	$0	$0	$0
LANCE LAWRENCE	DIRECTOR	1.00	Director	$0	$0	$0
TODD JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
HOUSTON HALL	DIRECTOR	1.00	Director	$0	$0	$0
DEREK SHAFFER	DIRECTOR	1.00	Director	$0	$0	$0
BILL STUTZENBERGER	DIRECTOR	1.00	Director	$0	$0	$0
CATHY TAYLOR	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	$175,694	$210,593	$315,624	$-34,899
2024	$177,053	$221,755	$366,908	$-44,702
2023	$289,446	$263,081	$414,089	$26,365
2022	$332,730	$260,765	$315,886	$71,965
2021	$285,338	$275,710	$259,788	$9,628
2020	$260,711	$271,621	$286,795	$-10,910
2019	$533,528	$503,226	$337,999	$30,302

REACH INC