RITE OF PASSAGE ADOLESCENT TREATMENT CENTERS AND S (EIN 680038804) - 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

1986

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

RITE OF PASSAGE ADOLESCENT TREATMENT CENTERS AND S, founded in 1986, is a mid-sized nonprofit that reported $32.5M in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum.

Mission

RITE OF PASSAGE IS AN EDUCATIONAL AND ATHLETIC ACADEMY DEDICATED TO PROVIDING THE BEST LEVEL OF CARE AND THE MOST EFFECTIVE TREATMENT PROCESS FOR DISADVANTAGED YOUTH WHO WOULD OTHERWISE BE DENIED THE OPPORTUNITY FOR REHABILITATION.

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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 $31,689,216

Program Service Revenue $275,272

Investment Income $507,621

Other Revenue $0

TOTAL REVENUE $32,472,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,461,858

Fundraising Expenses $0

Program Expenses $26,547,290

Other Expenses $14,931,654

TOTAL EXPENSES $32,393,512

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,472,109	$20,553,767	+0.6%
Expenses	$32,393,512	$22,773,635	+0.4%
Net Income	$78,597	$-2,219,868	-1.0%

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

586

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

$18,450

Total Directors

$35,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN SUTTON	CHAIR	5.00	Officer Director	$6,450	$0	$6,450
VICKIE SAUER-LAMB	TREASURER	5.00	Officer Director	$6,150	$0	$6,150
KIMBERLY ANASTASSATOS-WELKER	SECRETARY	4.00	Officer Director	$5,850	$0	$5,850
STEFPHON JEFFERSON	MEMBER	4.00	Director	$5,600	$0	$5,600
DEBRA LIBERMAN	DIRECTOR	4.00	Director	$5,600	$0	$5,600
REGINA END	MEMBER	4.00	Director	$5,350	$0	$5,350

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	No data	No data	No data	No data
2023	$32,472,109	$32,393,512	$17,614,344	$78,597
2022	$20,553,767	$22,773,635	$16,496,763	$-2,219,868
2021	$21,115,596	$22,074,759	$17,178,418	$-959,163
2020	$22,640,887	$24,044,663	$20,319,577	$-1,403,776
2019	$17,791,952	$21,426,337	$22,279,848	$-3,634,385
2018	$23,180,768	$21,052,483	$25,293,643	$2,128,285

RITE OF PASSAGE ADOLESCENT TREATMENT CENTERS AND S