Rudolph and Florence Nadbath Charitable Trust (EIN 016192565) - 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

1990

Legal Domicile

Principal Officer

Paul Katerndalh

Phone

9258991388

Tax Period

2024-01-01 to 2024-12-31

Rudolph and Florence Nadbath Charitable Trust, founded in 1990, is a small nonprofit in the Education sector that reported $290K in total revenue in fiscal year 2024. Revenue surged 170% from the prior year, signaling strong growth momentum. Expenses of $352K exceeded revenue, resulting in a 21% operating deficit.

Mission

The Trust is organized exclusively for the benefit of St Ignatius High School in Cleveland, Ohio. Grants are to be used to provide scholarships to students of the school who demonstrate financial need.

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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 $0

Program Service Revenue $0

Investment Income $289,684

Other Revenue $0

TOTAL REVENUE $289,684

Expense Breakdown

Grants Paid $307,076

Salaries & Benefits $25,815

Fundraising Expenses $0

Program Expenses $307,076

Other Expenses $18,954

TOTAL EXPENSES $351,845

Year-over-Year Comparison

	2024	2023	Change
Revenue	$289,684	$107,169	+1.7%
Expenses	$351,845	$231,664	+0.5%
Net Income	$-62,161	$-124,495	-0.5%

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

N/A

Volunteers

N/A

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

$25,815

Total Directors

$25,815

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Katerndalh	Trustee	2.00	Officer Director	$25,815	$0	$25,815

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	$289,684	$351,845	$4,037,598	$-62,161
2023	$107,169	$231,664	$3,995,186	$-124,495
2022	$4,679	$414,391	$3,831,134	$-409,712
2021	$174,349	$385,820	$4,630,079	$-211,471
2020	$156,703	$359,155	$4,515,846	$-202,452
2019	$313,692	$149,622	$4,541,915	$164,070
2018	$72,355	$99,925	$4,234,126	$-27,570

Rudolph and Florence Nadbath Charitable Trust