RACINE VOCATIONAL MINISTRY INC (EIN 710894219) - 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

2002

Legal Domicile

Principal Officer

MARKUS WATTS

Phone

2626338660

Tax Period

2024-01-01 to 2024-12-31

RACINE VOCATIONAL MINISTRY INC, founded in 2002, is a small nonprofit in the Education sector that reported $679K in total revenue in fiscal year 2024.

Mission

RACINE VOCATIONAL MINISTRY EMPOWERS THE UNEMPLOYED AND UNDEREMPLOYED OF RACINE AND KENOSHA TO BECOME PRODUCTIVE IN THEIR COMMUNITY.

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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 $614,473

Program Service Revenue $53,520

Investment Income $10,642

Other Revenue $15

TOTAL REVENUE $678,650

Expense Breakdown

Grants Paid $0

Salaries & Benefits $528,476

Fundraising Expenses $3,761

Program Expenses $631,453

Other Expenses $186,281

TOTAL EXPENSES $714,757

Year-over-Year Comparison

	2024	2023	Change
Revenue	$678,650	$713,245	0.0%
Expenses	$714,757	$630,473	+0.1%
Net Income	$-36,107	$82,772	-1.4%

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

$111,247

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRETCHEN HERRMANN	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEITH BELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BARBARA EDWARDS	SECRETARY	1.00	Officer Director	$0	$0	$0
THOMAS BUHLER	TREASURER	1.00	Officer Director	$0	$0	$0
RONALD TATUM	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BLACK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID REBEY	DIRECTOR	1.00	Director	$0	$0	$0
NEAL NOTTLESON	DIRECTOR	1.00	Director	$0	$0	$0
ANGELIQUE SANTIAGO	DIRECTOR	1.00	Director	$0	$0	$0
KRISTAL ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
PAMALA HANDROW	DIRECTOR	1.00	Director	$0	$0	$0
JOHN KOETZ	DIRECTOR	1.00	Director	$0	$0	$0
AUBREY BUCHANAN	DIRECTOR	1.00	Director	$0	$0	$0
CASSANDRA GLENN	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES SCHATZMAN	EXECUTIVE DIRECTOR	40.00	Officer	$91,249	$9,421	$100,670
MARKUS WATTS	EXECUTIVE DIRECTOR	40.00	Officer	$10,577	$0	$10,577

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	$678,650	$714,757	$443,531	$-36,107
2023	$713,245	$630,473	$429,859	$82,772
2022	$525,837	$479,103	$342,896	$46,734
2021	$684,268	$507,315	$286,505	$176,953
2020	$486,609	$478,067	$110,059	$8,542

RACINE VOCATIONAL MINISTRY INC