RAPIDES COUNCIL ON AGING INC (EIN 720650937) - 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

1964

Legal Domicile

Principal Officer

EDWARD RACHAL

Phone

3184457985

Tax Period

2023-07-01 to 2024-06-30

RAPIDES COUNCIL ON AGING INC, founded in 1964, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE TITLE III AND OTHER SERVICES TO THE AGE 60 AND OVER POPULATION OF RAPIDES PARISH

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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 $1,363,003

Program Service Revenue $0

Investment Income $0

Other Revenue $5,176

TOTAL REVENUE $1,368,179

Expense Breakdown

Grants Paid $93,212

Salaries & Benefits $663,363

Fundraising Expenses $0

Program Expenses $1,346,645

Other Expenses $730,897

TOTAL EXPENSES $1,487,472

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,368,179	$1,119,387	+0.2%
Expenses	$1,487,472	$876,357	+0.7%
Net Income	$-119,293	$243,030	-1.5%

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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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

$76,055

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMECHIA BEEMON	Executive Dir.	40.00	Director	$76,055	$0	$76,055
DENISE DIXON	Director	2.00	Director	$0	$0	$0
LATESSA MATTHEWS	Director	2.00	Director	$0	$0	$0
B J GALLENT	Director	2.00	Director	$0	$0	$0
SANDRA FRANKLIN	Secretary	2.00	Officer Director	$0	$0	$0
EDWARD RACHAL	President	2.00	Officer Director	$0	$0	$0
SALLY COWAN	Vice President	2.00	Officer Director	$0	$0	$0
STEVE BERRY	Director	2.00	Director	$0	$0	$0
JOHN MCBRIDE	Director	2.00	Director	$0	$0	$0
TAMEKIA FRAZIER	Director	2.00	Director	$0	$0	$0
WADE JENKINS	Director	2.00	Director	$0	$0	$0
CHADWICK GODFREY	Director	2.00	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
2024	$1,368,179	$1,487,472	$686,613	$-119,293
2024	No data	No data	No data	No data
2023	$1,119,387	$876,357	$811,689	$243,030
2022	$879,305	$802,342	$637,604	$76,963
2021	$1,066,368	$848,608	$586,520	$217,760

RAPIDES COUNCIL ON AGING INC