Riomac Inc

Nonprofit profile at a glance

EIN
202213225
IRS 990 coverage
2018–2022
Forms available
Form 990 2022, Form 990-EZ 2010, Form 990-N 2017
Location
Harlingen, TX, USA
Phone
9565360389
Rating
43
Verdict
MIXED
Rating confidence
Moderate
Sector
Christianity
Affiliation
Christianity

Reported finances

Revenue
$6,519
Expenses
$0
Assets
$222,973
Liabilities
$0

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

Leadership & pay

4 people listed

Executive titles in this filing

  • DON HOEHNE (PRESIDENT)
  • PASTOR NATHAN WENDORF (VICE-PRESIDENT)

People named in this filing

  • DON HOEHNE (PRESIDENT)
  • JONI GILLIS (SECRETARY)
  • RYAN BUSSE (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

Riomac is a 501c3 non-profit organization created in 2004 as a means of assisting the rio grande valley's border mission ministries become increasingly self-sustaining. Riomac expanded and transformed into a missional network across the rio grande valley, Texas, and beyond.today, riomac is helping outreach efforts in the rgv for the at risk, the lost, the unchurched, and the fallen away by partnering with all 12 lcms churches in the rio grande valley, the Texas district, concordia university-Texas, upbring, thrivent, through mission teams across the u.s. That serve in the rgv, and through mission-minded individuals like you! Our hope and vision is "to inspire, develop, and equip: new and diverse leaders for new and innovative faith communities through powerful partnerships flowing across the rgv and beyond."

What it reported doing in 2022

Today, riomac is helping outreach efforts in the rgv for the at risk, the lost, the unchurched, and the fallen away by partnering with all 12 lcms churches in the rio grande valley, the Texas district, concordia university-Texas, upbring, thrivent, through mission teams across the u.s. That serve in the rgv, and through mission-minded individuals like you! Our hope and vision is "to inspire, develop, and equip: new and diverse leaders for new and innovative faith communities through powerful partnerships flowing across the rgv and beyond." we are thankful for the exciting opportunities that god has given riomac to serve here in the valley, and we cannot wait to see where he will lead us next!

Operating model

Revenue model
Donor-supported. 93% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 84
  • Accountability: 70
  • Sustainability: 8
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0; rating input score 70; 70th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -45.7% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: 1.5% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 10.4% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: 4 of 4 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 11 of 11 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 4 filing years from 2018 to 2022
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.