Romance Writers of America Inc

EIN: 760033577

Houston, TX

Total Revenue
$495,122
Total Expenses
$891,242
Total Assets
$507,950
Net Assets
$208,366
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
TX
Principal Officer
Clair Brett
Phone
8327175200
Tax Period
2022-09-01 to 2023-08-31

Romance Writers of America Inc, founded in 1981, is a small nonprofit that reported $495K in total revenue in fiscal year 2022. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $891K exceeded revenue, resulting in a 80% operating deficit.

Mission

Romance Writers of America (RWA) advances the profession of romance writing by advocating for fair business practices for romance writers, sponsoring industry awards, an annual conference for networking and education, and publishing a monthly magazine.

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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 (2022)

Revenue Breakdown

Contributions & Grants $24,141
Program Service Revenue $399,655
Investment Income $3,746
Other Revenue $67,580
TOTAL REVENUE $495,122

Expense Breakdown

Grants Paid $43,932
Salaries & Benefits $319,015
Fundraising Expenses $0
Other Expenses $528,295
TOTAL EXPENSES $891,242

Year-over-Year Comparison

2022 2021 Change
Revenue $495,122 $655,631 -0.2%
Expenses $891,242 $962,340 -0.1%
Net Income $-396,120 $-306,709 +0.3%
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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Governance

Voting Members
9
Independent Members
9
Employees
3
Volunteers
80

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
4
$126,882
Total Directors
9
$500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Clair Brett President 20.00
Officer Director
$0 $0 $0
Jacki Renee Secretary 20.00
Officer Director
$0 $0 $0
Brooke Wills Treasurer 20.00
Officer Director
$500 $0 $500
Louisa Cornell Director at Large 20.00
Director
$0 $0 $0
Marian Griffin Director at Large 20.00
Director
$0 $0 $0
Mary Karlik Director at Large 20.00
Director
$0 $0 $0
Anita Learned Director at Large 20.00
Director
$0 $0 $0
Ursula Renee Director at Large 20.00
Director
$0 $0 $0
Laina Turner Director at Large 20.00
Director
$0 $0 $0
Leslie Scantlebury Executive Director 40.00
Officer
$125,000 $1,382 $126,382
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
2023 $495,122 $891,242 $507,950 $-396,120
2022 $655,631 $962,340 $1,009,398 $-306,709
2021 $1,058,959 $1,067,024 $1,434,387 $-8,065
2020 $1,211,941 $1,851,634 $1,464,411 $-639,693
2018 $2,682,791 $2,316,564 $2,115,437 $366,227
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