RSVL INC

EIN: 721190678 501(c)(3) Employment

MARRERO, LA

Total Revenue
$978,339
Total Expenses
$1,029,718
Total Assets
$855,202
Net Assets
$855,202
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
LA
Principal Officer
HERBERT READO
Tax Period
2023-01-01 to 2023-12-31

RSVL INC, founded in 1969, is a small nonprofit in the Employment sector that reported $978K in total revenue in fiscal year 2023. Revenue surged 85% from the prior year, signaling strong growth momentum.

Mission

TO ASSIST THE QUALIFIED VISUALLY IMPAIRED VENDORS IN BUSINESS OPERATIONS THAT INCLUDE VENDING STANDS AND/OR VENDING MACHINES. THE ORGANIZATION IS ALSO INVOLVED IN PUBLIC SPIRITED ACTIVITIES-COMMUNITY INVOLVEMENT, CONTRIBUTING TO TAX EXEMPT ORGANIZATIONS, TO NAME A FEW.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $129,713
Investment Income $2,594
Other Revenue $846,032
TOTAL REVENUE $978,339

Expense Breakdown

Grants Paid $0
Salaries & Benefits $614,530
Fundraising Expenses $0
Program Expenses $1,026,055
Other Expenses $415,188
TOTAL EXPENSES $1,029,718

Year-over-Year Comparison

2023 2022 Change
Revenue $978,339 $529,420 +0.8%
Expenses $1,029,718 $803,448 +0.3%
Net Income $-51,379 $-274,028 -0.8%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
32
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JESSICA SISTO SECRETARY 10.00
Officer
$0 $0 $0
KIMBLEY VENABLE TREASURER 10.00
Officer
$0 $0 $0
HERBERT READO PRESIDENT 20.00
Officer
$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 No data No data No data No data
2023 $978,339 $1,029,718 $855,202 $-51,379
2022 $529,420 $803,448 $453,494 $-274,028
2021 $920,931 $622,636 $896,168 $298,295
2020 $674,439 $525,305 $647,156 $149,134
2019 $801,856 $1,041,250 $498,022 $-239,394
2018 $956,522 $1,010,738 $612,090 $-54,216
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