REGIONAL SECTOR PARTNERSHIP CORPORATION

EIN: 823840319 501(c)(3) Community Improvement

MISHAWAKA, IN

Total Revenue
$31,246
Total Expenses
$75,753
Total Assets
$338
Net Assets
$-44,263
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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
2017
Legal Domicile
IN
Principal Officer
LARRY GARATONI
Phone
5742715145
Tax Period
2022-07-01 to 2023-06-30

REGIONAL SECTOR PARTNERSHIP CORPORATION, founded in 2017, is a micro nonprofit in the Community Improvement sector that reported $31K in total revenue in fiscal year 2022. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $76K exceeded revenue, resulting in a 142% operating deficit.

Mission

TO DEVELOP THROUGH SECTOR PARTNERSHIPS IN ELKHART AND ST. JOSEPH COUNTIES INDIANA TO STRENGTHEN IT EDUCATION IN THE REGION TO BENEFIT YOUNG PEOPLE

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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 $30,000
Program Service Revenue $0
Investment Income $0
Other Revenue $1,246
TOTAL REVENUE $31,246

Expense Breakdown

Grants Paid $0
Salaries & Benefits $43,887
Fundraising Expenses $0
Program Expenses $75,753
Other Expenses $31,866
TOTAL EXPENSES $75,753

Year-over-Year Comparison

2022 2021 Change
Revenue $31,246 $171,390 -0.8%
Expenses $75,753 $173,050 -0.6%
Net Income $-44,507 $-1,660 +25.8%
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
2
Independent Members
2
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY GARATONI BOARD MEMBER 2.00
Director
$0 $0 $0
CHARLES LOESER BOARD MEMBER 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
2023 $31,246 $75,753 $338 $-44,507
2022 $171,390 $173,050 $600 $-1,660
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