RITES OF PASSAGE & EMPOWERMENT INC (EIN 874393361) - 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

2022

Legal Domicile

Principal Officer

SHIRLEY EDGERTON

Phone

4134964692

Tax Period

2024-01-01 to 2024-12-31

RITES OF PASSAGE & EMPOWERMENT INC, founded in 2022, is a small nonprofit in the Education sector that reported $543K in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $474K left a modest 13% surplus.

Mission

The mission of the ROPE is to celebrate and honor the entry of adolescents into adulthood and empower them to be successful, independent, and responsible 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $543,253

Program Service Revenue $0

Investment Income $16

Other Revenue $0

TOTAL REVENUE $543,269

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,411

Fundraising Expenses $7,180

Program Expenses $348,477

Other Expenses $393,584

TOTAL EXPENSES $473,995

Year-over-Year Comparison

	2024	2023	Change
Revenue	$543,269	$315,369	+0.7%
Expenses	$473,995	$354,750	+0.3%
Net Income	$69,274	$-39,381	-2.8%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

$56,908

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEIANA WEST	PRESIDENT	5	Director	$0	$0	$0
ANA MONSALVE	SECRETARY	2	Director	$0	$0	$0
FRAN ZARUBICK	TREASURER	10	Director	$0	$0	$0
GLORIA SAUNDERS	MEMBER	2	Director	$0	$0	$0
NATHAN ROGERS	MEMBER	3		$0	$0	$0
KIANA REID	SECRETARY	4	Officer	$0	$0	$0
SHIRLEY EDGERTON	EXCECUTIVE DIRECTOR	50	Director	$56,908	$0	$56,908

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	$543,269	$473,995	$170,040	$69,274
2023	$315,369	$354,750	$100,766	$-39,381
2022	$370,834	$234,731	$136,142	$136,103

RITES OF PASSAGE & EMPOWERMENT INC