Civic Intelligence

R T Industries Inc.

990 • Fiscal year 2023 • EIN 31-0855035

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

110 Foss WayTroy, OH 45373

(937) 335-5784

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.04x

Higher debt load relative to assets than 43% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

42nd percentile

0.05x

Higher debt load relative to revenue than 42% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

43rd percentile

1.3%

Higher net margin than 43% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

68th percentile

$102,506

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

54th percentile

6.0%

Faster asset growth than 54% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

53rd percentile

8.9%

Faster revenue growth than 53% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$4,469,845

Up $254,102 (+6.0%) from 2022

Net Assets

Up

$4,305,251

Up $251,059 (+6.2%) from 2022

Liabilities

Up

$164,594

Up $3,043 (+1.9%) from 2022

Revenue

Up

$3,316,330

Up $270,354 (+8.9%) from 2022

Expenses

Up

$3,274,664

Up $291,732 (+9.8%) from 2022

Net Income

Down

$41,666

Down $21,378 (-34%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $2,762,195Liabilities 2011: $81,866Net Assets 2011: $2,680,3292011Assets 2012: $2,833,213Liabilities 2012: $74,916Net Assets 2012: $2,758,2972012Assets 2013: $2,982,956Liabilities 2013: $67,315Net Assets 2013: $2,915,6412013Assets 2014: $3,130,985Liabilities 2014: $81,665Net Assets 2014: $3,049,3202014Assets 2015: $3,051,694Liabilities 2015: $140,284Net Assets 2015: $2,911,4102015Assets 2016: $3,317,908Liabilities 2016: $145,590Net Assets 2016: $3,172,3182016Assets 2017: $3,446,277Liabilities 2017: $208,770Net Assets 2017: $3,237,5072017Assets 2018: $3,299,064Liabilities 2018: $86,976Net Assets 2018: $3,212,0882018Assets 2019: $3,534,602Liabilities 2019: $85,374Net Assets 2019: $3,449,2282019Assets 2020: $3,920,591Liabilities 2020: $44,885Net Assets 2020: $3,875,7062020Assets 2021: $4,429,438Liabilities 2021: $36,381Net Assets 2021: $4,393,0572021Assets 2022: $4,215,743Liabilities 2022: $161,551Net Assets 2022: $4,054,1922022Assets 2023: $4,469,845Liabilities 2023: $164,594Net Assets 2023: $4,305,2512023Assets 2024: $4,737,901Liabilities 2024: $55,105Net Assets 2024: $4,682,7962024

Highlighted filing

2023

Assets$4,469,845
Liabilities$164,594
Net Assets$4,305,251

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,007,7052011Expenses 2012: $1,156,9242012Revenue 2013: $1,451,495Expenses 2013: $1,336,803Net Income 2013: $114,6922013Revenue 2014: $1,514,416Expenses 2014: $1,442,036Net Income 2014: $72,3802014Revenue 2015: $2,318,769Expenses 2015: $2,350,653Net Income 2015: -$31,8842015Revenue 2016: $3,475,908Expenses 2016: $3,314,784Net Income 2016: $161,1242016Revenue 2017: $4,372,235Expenses 2017: $4,330,669Net Income 2017: $41,5662017Revenue 2018: $4,067,799Expenses 2018: $3,959,983Net Income 2018: $107,8162018Revenue 2019: $3,846,000Expenses 2019: $3,853,751Net Income 2019: -$7,7512019Revenue 2020: $3,742,688Expenses 2020: $3,435,521Net Income 2020: $307,1672020Revenue 2021: $3,563,525Expenses 2021: $3,266,418Net Income 2021: $297,1072021Revenue 2022: $3,045,976Expenses 2022: $2,982,932Net Income 2022: $63,0442022Revenue 2023: $3,316,330Expenses 2023: $3,274,664Net Income 2023: $41,6662023Revenue 2024: $4,729,367Expenses 2024: $4,250,846Net Income 2024: $478,5212024

Highlighted filing

2023

Revenue$3,316,330
Expenses$3,274,664
Net Income$41,666
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.0
Gross Receipts
$3,730,466
Mission and Program Overview

Mission

Sheltered workshop for individuals with developmental disabilities.

Helping people achieve personal success by developing skills to confidently work, interact and thrive in the community

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,227,498$2,446,938▲ $219,440
Land, Buildings, and Equipment, Net$964,688$929,523▼ $35,165
Savings and Temporary Cash Investments$406,454$415,792▲ $9,338
Accounts Receivable$309,471$354,563▲ $45,092
Cash and Non-Interest-Bearing Accounts$287,223$307,788▲ $20,565
Inventories for Sale or Use$4,213$2,756▼ $1,457
Prepaid Expenses and Deferred Charges$540$540→ $0
Total Assets$4,215,743$4,469,845▲ $254,102
Other Assets Total$15,656$11,945▼ $3,711
Liabilities
Accounts Payable and Accrued Expenses$105,844$151,718▲ $45,874
Other Liabilities$15,656$11,945▼ $3,711
Deferred Revenue$40,051$931▼ $39,120
Total Liabilities$161,551$164,594▲ $3,043
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,045,960$4,295,658▲ $249,698
Net Assets With Donor Restrictions$8,232$9,593▲ $1,361
Total Net Assets Fund Balance$4,054,192$4,305,251▲ $251,059
Total Liabilities and Net Assets / Fund Balance$4,215,743$4,469,845▲ $254,102

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$762,401$1,697,385$2,459,786
Equipment$37,929$679,219$717,148
Land$130,000-$130,000
Other Land Buildings$-807$86,869$86,062
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ashley BrociousExecutive DiFT$102,506$102,506

Board Members and Trustees

NameTitle
Kirby WarrenPresident
Chris ClarkBoard Member
Janet DaltonBoard Member
John ReynoldsBoard Member
Lisa HeidBoard Member
Cynamyn ClemSecretary
Carol JacksonTreasurer
Joe HoskinsVice Pres.
Revenue and Support

Revenue Composition

Contributions and Grants
$79,453
Program Service Revenue
$3,209,241
Investment Income
$27,636
Other Revenue
$0
All Other Contributions
$69,453
Change in Net Assets
$41,666

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,316,330
Total Revenue per Audited Statements
$3,316,330
Total Revenue per Form 990
$3,316,330
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,452,874
Other Expenses$821,790
Total Fundraising Expense$14,006
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,080,252$14,910$6,469$2,101,631
Insurance$206,988--$206,988
Payroll Taxes$200,838$2,255$1,132$204,225
Depreciation Depletion$106,232--$106,232
Current Officers, Directors, Trustees, and Key Employees$86,105$10,251$6,150$102,506
Travel$77,625--$77,625
All Other Expenses$74,112--$74,112
Occupancy$42,650--$42,650
Other Expenses$34,134--$34,134
Office Expenses$25,407--$25,407
Other Employee Benefits$22,536$262$131$22,929
Pension Plan Contributions$21,213$246$124$21,583
Advertising$9,589--$9,589
Interest$557--$557
Total Functional Expenses$3,232,734$27,924$14,006$3,274,664

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,274,664
Total Expenses per Audited Statements$3,274,664
Total Expenses per Form 990$3,274,664
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$11,945
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy is provided to each board member in the annual report package.

Form 990, Page 6, Part VI, Line 12C

Board members must discluse any credible knowledge of any conflicts of interest when it arises.

Form 990, Page 6, Part VI, Line 19

The availability is made upon request to access to the documents. Availibility is made in accordance with the organizations adopted policies.

Filing and Contact Details

Filer

Filer Name
Rt Industries Inc
EIN
31-0855035
Phone
9373355784
Address
110 FOSS WAY, TROY, OH 45373

Signing Officer

Name
Ashley Brocious
Title
Executive Director
Phone
9373355784
Signed
2024-11-12

Organization Details

Principal Officer
Ashley Brocious
Formed
1974
Legal Domicile
Oh
Voting Board Members
8
Independent Board Members
8
Employees
149

Preparer

Firm
Sam Brown CPA Inc
Address
PO BOX 1027, TROY, OH 45373-8027
Preparer
Sam B Brown
Phone
9378759510
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

We were established in 1974 as a non-profit 501(c)3 organization as a sheltered workshop for adults with developmental disabilities. Through the years, rt has revolutionized, providing primarily community-based services. Our services have grown to pre-employment, employment maintenance, transportation, adult day services to people with disabilities and community living for veterans. Rt's mission: helping people achieve personal success by developing skills to confidently work, interact and thrive in the community this mission was adopted in march of 2019 with seven core values: safety, collaboration, camaraderie, growth, integrity, excellence and innovation. Our strategic plan 2023-2026 focuses on getting funding for our services to increase wages for employees, continue providing supports within our community around employment and adult day as well as building good rapport with our employees. Rt has increased our community-based services for adult day supports from five (5) groups to seven (7). These services are meant to promote community living to connect and explore the greater community. We are also transporting over 70 people receiving services in adult day supports. Rt was able to obtain five (5) new 14-passenger minibuses through the 5310 grant with the state of ohio. These vehicles should be built and ready to given to rt by late 2025. Vehicles through the grant are paid by rt at 20% of the cost. In total, rt's employment services department assisted thirty-two (32) people in gaining employment in the community. We raised 18,453 in donations and fundraisers which was utilized in purchasing additional mini vans. Rt received grants from piqua community foundation (20,000), miami county foundation (8,000), and the troy foundation (30,000) in the total amount of 58,000 to purchase three additional mini vans for our fleet.

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IRS990/Desc0WE WERE ESTABLISHED IN 1974 AS A NON-PROFIT 501(C)3 ORGANIZATION AS A SHELTERED WORKSHOP FOR ADULTS WITH DEVELOPMENTAL DISABILITIES. THROUGH THE YEARS, RT HAS REVOLUTIONIZED, PROVIDING PRIMARILY COMMUNITY-BASED SERVICES. OUR SERVICES HAVE GROWN TO PRE-EMPLOYMENT, EMPLOYMENT MAINTENANCE, TRANSPORTATION, ADULT DAY SERVICES TO PEOPLE WITH DISABILITIES AND COMMUNITY LIVING FOR VETERANS. RT'S MISSION: HELPING PEOPLE ACHIEVE PERSONAL SUCCESS BY DEVELOPING SKILLS TO CONFIDENTLY WORK, INTERACT AND THRIVE IN THE COMMUNITY THIS MISSION WAS ADOPTED IN MARCH OF 2019 WITH SEVEN CORE VALUES: SAFETY, COLLABORATION, CAMARADERIE, GROWTH, INTEGRITY, EXCELLENCE AND INNOVATION. OUR STRATEGIC PLAN 2023-2026 FOCUSES ON GETTING FUNDING FOR OUR SERVICES TO INCREASE WAGES FOR EMPLOYEES, CONTINUE PROVIDING SUPPORTS WITHIN OUR COMMUNITY AROUND EMPLOYMENT AND ADULT DAY AS WELL AS BUILDING GOOD RAPPORT WITH OUR EMPLOYEES. RT HAS INCREASED OUR COMMUNITY-BASED SERVICES FOR ADULT DAY SUPPORTS FROM FIVE (5) GROUPS TO SEVEN (7). THESE SERVICES ARE MEANT TO PROMOTE COMMUNITY LIVING TO CONNECT AND EXPLORE THE GREATER COMMUNITY. WE ARE ALSO TRANSPORTING OVER 70 PEOPLE RECEIVING SERVICES IN ADULT DAY SUPPORTS. RT WAS ABLE TO OBTAIN FIVE (5) NEW 14-PASSENGER MINIBUSES THROUGH THE 5310 GRANT WITH THE STATE OF OHIO. THESE VEHICLES SHOULD BE BUILT AND READY TO GIVEN TO RT BY LATE 2025. VEHICLES THROUGH THE GRANT ARE PAID BY RT AT 20% OF THE COST. IN TOTAL, RT'S EMPLOYMENT SERVICES DEPARTMENT ASSISTED THIRTY-TWO (32) PEOPLE IN GAINING EMPLOYMENT IN THE COMMUNITY. WE RAISED 18,453 IN DONATIONS AND FUNDRAISERS WHICH WAS UTILIZED IN PURCHASING ADDITIONAL MINI VANS. RT RECEIVED GRANTS FROM PIQUA COMMUNITY FOUNDATION (20,000), MIAMI COUNTY FOUNDATION (8,000), AND THE TROY FOUNDATION (30,000) IN THE TOTAL AMOUNT OF 58,000 TO PURCHASE THREE ADDITIONAL MINI VANS FOR OUR FLEET.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WE WERE ESTABLISHED IN 1974 AS A NON-PROFIT 501(C)3 ORGANIZATION AS A SHELTERED WORKSHOP FOR ADULTS WITH DEVELOPMENTAL DISABILITIES. THROUGH THE YEARS, RT HAS REVOLUTIONIZED, PROVIDING PRIMARILY COMMUNITY-BASED SERVICES. OUR SERVICES HAVE GROWN TO PRE-EMPLOYMENT, EMPLOYMENT MAINTENANCE, TRANSPORTATION, ADULT DAY SERVICES TO PEOPLE WITH DISABILITIES AND COMMUNITY LIVING FOR VETERANS. RT'S MISSION: HELPING PEOPLE ACHIEVE PERSONAL SUCCESS BY DEVELOPING SKILLS TO CONFIDENTLY WORK, INTERACT AND THRIVE IN THE COMMUNITY THIS MISSION WAS ADOPTED IN MARCH OF 2019 WITH SEVEN CORE VALUES: SAFETY, COLLABORATION, CAMARADERIE, GROWTH, INTEGRITY, EXCELLENCE AND INNOVATION. OUR STRATEGIC PLAN 2023-2026 FOCUSES ON GETTING FUNDING FOR OUR SERVICES TO INCREASE WAGES FOR EMPLOYEES, CONTINUE PROVIDING SUPPORTS WITHIN OUR COMMUNITY AROUND EMPLOYMENT AND ADULT DAY AS WELL AS BUILDING GOOD RAPPORT WITH OUR EMPLOYEES. RT HAS INCREASED OUR COMMUNITY-BASED SERVICES FOR ADULT DAY SUPPORTS FROM FIVE (5) GROUPS TO SEVEN (7). THESE SERVICES ARE MEANT TO PROMOTE COMMUNITY LIVING TO CONNECT AND EXPLORE THE GREATER COMMUNITY. WE ARE ALSO TRANSPORTING OVER 70 PEOPLE RECEIVING SERVICES IN ADULT DAY SUPPORTS. RT WAS ABLE TO OBTAIN FIVE (5) NEW 14-PASSENGER MINIBUSES THROUGH THE 5310 GRANT WITH THE STATE OF OHIO. THESE VEHICLES SHOULD BE BUILT AND READY TO GIVEN TO RT BY LATE 2025. VEHICLES THROUGH THE GRANT ARE PAID BY RT AT 20% OF THE COST. IN TOTAL, RT'S EMPLOYMENT SERVICES DEPARTMENT ASSISTED THIRTY-TWO (32) PEOPLE IN GAINING EMPLOYMENT IN THE COMMUNITY. WE RAISED 18,453 IN DONATIONS AND FUNDRAISERS WHICH WAS UTILIZED IN PURCHASING ADDITIONAL MINI VANS. RT RECEIVED GRANTS FROM PIQUA COMMUNITY FOUNDATION (20,000), MIAMI COUNTY FOUNDATION (8,000), AND THE TROY FOUNDATION (30,000) IN THE TOTAL AMOUNT OF 58,000 TO PURCHASE THREE ADDITIONAL MINI VANS FOR OUR FLEET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY IS PROVIDED TO EACH BOARD MEMBER IN THE ANNUAL REPORT PACKAGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS MUST DISCLUSE ANY CREDIBLE KNOWLEDGE OF ANY CONFLICTS OF INTEREST WHEN IT ARISES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE AVAILABILITY IS MADE UPON REQUEST TO ACCESS TO THE DOCUMENTS. AVAILIBILITY IS MADE IN ACCORDANCE WITH THE ORGANIZATIONS ADOPTED POLICIES.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.74$0.06$4.68$4.73$4.25$0.48
2023Detailed filing. Detailed filing data is available for this year.$4.47$0.16$4.31$3.32$3.27$0.04
2022Detailed filing. Detailed filing data is available for this year.$4.22$0.16$4.05$3.05$2.98$0.06
2021Detailed filing. Detailed filing data is available for this year.$4.43$0.04$4.39$3.56$3.27$0.30
2020Detailed filing. Detailed filing data is available for this year.$3.92$0.04$3.88$3.74$3.44$0.31
2019Detailed filing. Detailed filing data is available for this year.$3.53$0.09$3.45$3.85$3.85$0.01
2018Detailed filing. Detailed filing data is available for this year.$3.30$0.09$3.21$4.07$3.96$0.11
2017Detailed filing. Detailed filing data is available for this year.$3.45$0.21$3.24$4.37$4.33$0.04
2016Detailed filing. Detailed filing data is available for this year.$3.32$0.15$3.17$3.48$3.31$0.16
2015Detailed filing. Detailed filing data is available for this year.$3.05$0.14$2.91$2.32$2.35$0.03
2014Detailed filing. Detailed filing data is available for this year.$3.13$0.08$3.05$1.51$1.44$0.07
2013Detailed filing. Detailed filing data is available for this year.$2.98$0.07$2.92$1.45$1.34$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.83$0.07$2.76$1.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$0.08$2.68$1.01