RYDER ASSISTED CARE III INC (EIN 660550405) - 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

1997

Legal Domicile

Principal Officer

JOSE R FELICIANO

Phone

7878520768

Tax Period

2023-10-01 to 2024-09-30

RYDER ASSISTED CARE III INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $231K in total revenue in fiscal year 2023. Expenses of $283K exceeded revenue, resulting in a 22% operating deficit.

Mission

To provide housing for low income individuals with disabilities (20 units)

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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 $192,611

Program Service Revenue $35,914

Investment Income $837

Other Revenue $1,499

TOTAL REVENUE $230,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,092

Fundraising Expenses $0

Program Expenses $222,235

Other Expenses $244,517

TOTAL EXPENSES $282,609

Year-over-Year Comparison

	2023	2022	Change
Revenue	$230,861	$230,699	+0.0%
Expenses	$282,609	$254,430	+0.1%
Net Income	$-51,748	$-23,731	+1.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Benjamin Berrios	Director	2	Director	$0	$0	$0
Carmen Albino	Director	2	Director	$0	$0	$0
Carlos Lopez	Director	2	Director	$0	$0	$0
Adelia Izchel Acevedo	Director	2	Director	$0	$0	$0
Miriam Alicea	Director	2	Director	$0	$0	$0
Elba L Santana	Director	2	Director	$0	$0	$0
Jesus M Reina	Director	2	Director	$0	$0	$0
Jesus Jusino	Director	2	Director	$0	$0	$0
Esther Aleman	Secretary	4	Director	$0	$0	$0
Carmen Sara Garcia	Vice President	4	Director	$0	$0	$0
Pedro Diaz	Treasurer	4	Director	$0	$0	$0
Juan Mendez	President	4	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
2024	$230,861	$282,609	$1,298,627	$-51,748
2023	$230,699	$254,430	$1,256,622	$-23,731
2022	$213,769	$240,520	$1,284,499	$-26,751
2021	$217,457	$236,574	$1,323,370	$-19,117
2020	$214,772	$276,430	$1,340,805	$-61,658
2019	$223,878	$265,340	$1,419,614	$-41,462
2018	$192,641	$253,173	$1,560,906	$-60,532

RYDER ASSISTED CARE III INC