Ria Charitable Investments Inc

Nonprofit profile at a glance

EIN
352466064
IRS 990 coverage
2013–2022
Forms available
Form 990 2022
Location
Dallas, TX, USA
Phone
9727087412
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution
Affiliation
Religious (unspecified)

Reported finances

Revenue
$1,500,338
Expenses
$2,251,387
Assets
$87,920,939
Liabilities
$90,611,543

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • John Krehely (President - Outgoing)
  • Curt Henderson (President - Incoming)

Highest reported compensation

  • John Krehely (President - Outgoing): $216,527 total reported compensation
  • Curt Henderson (President - Incoming): $143,160 total reported compensation
  • Dan Butler (Director - Outgoing): $71,629 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of this Corporation is to operate an investment pool for 501(c)(3) organizations, all of which engage in various aspects of Bible Translation and language development in minority languages.

What it reported doing in 2022

The Corporation operates two portfolios for the benefit of the participating organizations. The first is a short-term portfolio that invests funds in investment grade corporate bonds, government bonds, mortgage backed bonds and similar investment instruments. After paying expenses, this portfolio pays a fixed interest rate monthly to each supported organization based on the amount each deposited in this portfolio. The interest rate is established by the board of directors. The second is a long-term portfolio that invests funds in stock and alternative investment mutual funds with an objective of maximizing total return from capital appreciation and dividend income. Gains, losses, and expenses of operating the portfolio are allocated to each organization's account based on the amounts invested in the portfolio.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Affiliate network. The nonprofit sent 97% of its reported program spending through affiliated organizations.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 60
  • Accountability: 69
  • Sustainability: 37
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.4%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 71.4%; rating input score 71; 15th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -50.1%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 39.05; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 1.03; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 4.9%; rating input score 54; 54th percentile among comparable filings

Growth

  • Program expense growth: -1.7% per year; rating input score 0; 17th percentile among comparable filings
  • Revenue growth: -2.2% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: 0.9% per year; rating input score 100; 23rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99.4% of spending went to programs
  • Governance: 5 of 7 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2.2M in reported program spending
  • Leadership: top reported pay $217K · 10 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 18 of 18 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 10 filing years from 2013 to 2022
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • Review — Sustainability: Officer compensation ratio scored 54/100.