RHO OMEGA AND FRIENDS INCORPORATION (EIN 721287532) - 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

Phone

3184703890

Tax Period

2023-01-01 to 2023-12-31

RHO OMEGA AND FRIENDS INCORPORATION is a small nonprofit in the Human Services sector that reported $328K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $268K, a strong 82% operating margin.

Mission

WORKING WITHIN THE COMMUNITY ASSISTING THE UNDER PRIILEDGED WITH SCHOLARSHIPS AND MOTIVATING THROUGH MUSIC AND FESTIVALS

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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 $142,569

Program Service Revenue $185,663

Investment Income $0

Other Revenue $0

TOTAL REVENUE $328,232

Expense Breakdown

Grants Paid $35,462

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $288,516

Other Expenses $24,835

TOTAL EXPENSES $60,297

Year-over-Year Comparison

	2023	2022	Change
Revenue	$328,232	$290,672	+0.1%
Expenses	$60,297	$318,470	-0.8%
Net Income	$267,935	$-27,798	-10.6%

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

N/A

Employees

N/A

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
HENRY WESLEY	BOARD CHAIRMAN	020.00	Director	$0	$0	$0
MARLON HENDERSON	SECRETARY	010.00	Director	$0	$0	$0
KENNETH THOMAS	TREASURER	020.00	Director	$0	$0	$0
JAMES HAWKINS	VICE PRESIDENT	010.00	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	No data	No data	No data	No data
2023	$328,232	$60,297	$71,046	$267,935
2022	$290,672	$318,470	$23,965	$-27,798
2021	$6,075	$92,505	$46,313	$-86,430
2018	$226,299	$211,347	$32,980	$14,952

RHO OMEGA AND FRIENDS INCORPORATION