Rising Tide Partners (EIN 844895049) - 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

2020

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Rising Tide Partners, founded in 2020, is a community nonprofit in the Housing & Shelter sector that reported $2.1M in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 19% operating deficit.

Mission

Rising Tide Partners advances the revitalization of distressed neighborhoods in the Pittsburgh region by preserving and improving affordable housing, preventing the displacement of existing residents and addressing blighted properties.

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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 $1,748,926

Program Service Revenue $440,730

Investment Income $4,022

Other Revenue $-70,852

TOTAL REVENUE $2,122,826

Expense Breakdown

Grants Paid $0

Salaries & Benefits $809,116

Fundraising Expenses $4,258

Program Expenses $2,222,811

Other Expenses $1,714,626

TOTAL EXPENSES $2,523,742

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,122,826	$3,396,558	-0.4%
Expenses	$2,523,742	$1,266,561	+1.0%
Net Income	$-400,916	$2,129,997	-1.2%

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

Employees

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

$120,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kendall Pelling	Executive Director	40.00	Officer	$120,000	$0	$120,000
Maelene Myers	Member	1.00	Director	$0	$0	$0
Sarah Dieleman Perry	Member	1.00	Director	$0	$0	$0
Skip Schwab	Member	1.00	Director	$0	$0	$0
Thoman Yargo	Member	1.00	Director	$0	$0	$0
Ray Baum	Member	1.00	Director	$0	$0	$0
Irene Mcglaughlin Clark	Treasurer	1.00	Officer	$0	$0	$0
Tammy Thompson	President	2.00	Officer	$0	$0	$0
Fred Brown	Vice President	1.00	Officer	$0	$0	$0
William Krahe	Secretary	1.00	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	No data	No data	No data	No data
2023	$2,122,826	$2,523,742	$18,409,318	$-400,916
2022	$3,396,558	$1,266,561	$12,232,173	$2,129,997
2021	$848,265	$509,674	$4,263,211	$338,591
2020	$538,911	$163,640	$886,694	$375,271

Rising Tide Partners