GREATER RANDOLPH AREA SERVICES PROGRAM INC (EIN 742353686) - 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

1983

Legal Domicile

Principal Officer

JAY HIGGINSON

Phone

2106586351

Tax Period

2024-07-01 to 2025-06-30

GREATER RANDOLPH AREA SERVICES PROGRAM INC, founded in 1983, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 10% surplus.

Mission

WE WILL PROVIDE HELP TO NEEDY INDIVIDUALS AND FAMILIES IMPROVING THEIR QUALITY OF LIFE AND PROMOTING SELF-SUFFICIENCY.

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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 $1,455,738

Program Service Revenue $6,085

Investment Income $26,461

Other Revenue $-8,685

TOTAL REVENUE $1,479,599

Expense Breakdown

Grants Paid $541,465

Salaries & Benefits $372,159

Fundraising Expenses $8,357

Program Expenses $1,252,372

Other Expenses $412,782

TOTAL EXPENSES $1,326,406

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,479,599	$1,300,387	+0.1%
Expenses	$1,326,406	$1,324,106	+0.0%
Net Income	$153,193	$-23,719	-7.5%

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

125

Independent Members

Employees

N/A

Volunteers

125

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

$123,138

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY HIGGINSON	EXECUTIVE DI	40.00	Officer	$123,138	$0	$123,138
SCOTT BARNARD	MEMBER	1.00	Director	$0	$0	$0
IVORY FREEMAN	MEMBER	1.00	Director	$0	$0	$0
JAMES FULFORD	TREASURER	1.00	Officer Director	$0	$0	$0
DEB HARGETT	MEMBER	1.00	Director	$0	$0	$0
JEFF HOLBROOK	PAST CHAIRMA	1.00	Director	$0	$0	$0
COL AL HOPPE	MEMBER	1.00	Director	$0	$0	$0
KAITLYN JOHN	MEMBER	1.00	Director	$0	$0	$0
DARON LOFTON	TREASURER	1.00	Officer Director	$0	$0	$0
BEVERLY OLIVER	SECRETARY	1.00	Officer Director	$0	$0	$0
EMILIO SILVAS	CHAIRMAN	1.00	Director	$0	$0	$0
CHARLES STUBBLEFIELD	MEMBER	1.00	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
2025	$1,479,599	$1,326,406	$1,369,425	$153,193
2024	$1,300,387	$1,324,106	$1,355,244	$-23,719
2023	$1,336,641	$1,363,290	$1,087,244	$-26,649
2022	$1,149,230	$1,179,132	$1,181,593	$-29,902
2021	$1,543,617	$1,409,580	$1,218,552	$134,037
2020	$1,384,010	$1,352,948	$1,216,657	$31,062
2019	$1,355,277	$1,318,504	$1,128,999	$36,773

GREATER RANDOLPH AREA SERVICES PROGRAM INC