RUTHS HOUSE INC

EIN: 834522165 501(c)(3) Human Services

TRUMBULL, CT

Total Revenue
$214,765
Total Expenses
$171,939
Total Assets
$762,166
Net Assets
$762,166
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
CT
Principal Officer
Jeanne Korman
Phone
2032530053
Tax Period
2024-01-01 to 2024-12-31

RUTHS HOUSE INC, founded in 2020, is a small nonprofit in the Human Services sector that reported $215K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 20% operating margin.

Mission

Mission is to provide a safe home for young single mothers and their children where they can receive emotional, spiritual, and physical support; learn life skills that empower them to live their God-given purpose; and transition into a permanent, stable living environment.

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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 (2024)

Revenue Breakdown

Contributions & Grants $189,312
Program Service Revenue $0
Investment Income $0
Other Revenue $25,453
TOTAL REVENUE $214,765

Expense Breakdown

Grants Paid $0
Salaries & Benefits $38,908
Fundraising Expenses $4,552
Program Expenses $41,586
Other Expenses $133,031
TOTAL EXPENSES $171,939

Year-over-Year Comparison

2024 2023 Change
Revenue $214,765 $140,483 +0.5%
Expenses $171,939 $74,725 +1.3%
Net Income $42,826 $65,758 -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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
3
Volunteers
15

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
$13,200
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeanne Korman Founder/Pres. 30.00
Officer
$13,200 $0 $13,200
Lynn Proudfoot Secretary 15.00
Officer
$0 $0 $0
Vicar Centeno Treasurer 2.00
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 $214,765 $171,939 $762,166 $42,826
2023 $140,483 $74,725 $756,727 $65,758
2022 $458,570 $44,153 $650,489 $414,417
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