RITECARE OF WASHINGTON (EIN 911239678) - 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

1984

Legal Domicile

Principal Officer

SCOT SAGESER

Tax Period

2023-01-01 to 2023-12-31

RITECARE OF WASHINGTON, founded in 1984, is a small nonprofit in the Health Care sector that reported $634K in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $559K left a modest 12% surplus.

Mission

EARLY LIFE SPEECH & LANGUAGE PROVIDES INTENSIVE SPEECH THERAPY FOR CHILDREN AGE 2-7 STRUGGLING WITH SPEECH DELAYS, AT NO COST TO FAMILIES.

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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 $452,628

Program Service Revenue $0

Investment Income $184,171

Other Revenue $-2,318

TOTAL REVENUE $634,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $367,672

Fundraising Expenses $8,114

Program Expenses $400,548

Other Expenses $191,277

TOTAL EXPENSES $558,949

Year-over-Year Comparison

	2023	2022	Change
Revenue	$634,481	$1,340,563	-0.5%
Expenses	$558,949	$565,405	0.0%
Net Income	$75,532	$775,158	-0.9%

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

$2,860

Total Directors

$2,860

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GENE ULRICH	TREASURER	4.00	Officer Director	$2,860	$0	$2,860
JOHN LAWSON	MEMBER	1.00	Director	$0	$0	$0
ROGER B NELSON	MEMBER	2.00	Director	$0	$0	$0
DAVID WILKIE	MEMBER	1.00	Director	$0	$0	$0
JOHN LUNT	MEMBER	2.00	Director	$0	$0	$0
KURT SCHMID	MEMBER	1.00	Director	$0	$0	$0
PAUL WAADEVIG	MEMBER	1.00	Director	$0	$0	$0
RONALD GRAHAM	MEMBER	1.00	Director	$0	$0	$0
JOHN BRETT	MEMBER	1.00	Director	$0	$0	$0
LESLI CLEVELAND	MEMBER	1.00	Director	$0	$0	$0
AL JORGENSEN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
SCOT SAGESER	PRESIDENT	4.00	Officer Director	$0	$0	$0
W DOUGLAS WARNOCK	SECRETARY	4.00	Officer 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
2024	No data	No data	No data	No data
2023	$634,481	$558,949	$6,140,420	$75,532
2022	$1,340,563	$565,405	$5,822,147	$775,158
2021	$617,058	$521,949	$5,561,376	$95,109
2020	$1,172,990	$467,838	$5,093,394	$705,152

RITECARE OF WASHINGTON