FREDERICK L RAY TRUST

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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

1928

Legal Domicile

Principal Officer

SAME AS ABOVE

Phone

8888663275

Tax Period

2022-07-01 to 2023-06-30

FREDERICK L RAY TRUST, founded in 1928, is a micro nonprofit that reported $346K in total revenue in fiscal year 2022. Revenue fell 120% from the prior year — a significant decline worth monitoring.

Mission

TO BENEFIT THE INHABITANTS OF THE TOWN OF HADAAM, CT WITH VOCATIONAL TRAINING IN MANUAL TRAINING AND THE USEFUL ARTS

Program Service Accomplishments

Program 1

Expenses: $302,771

RAY SCHOOL CORPORATION

Program 2

Expenses: $47,140

BANK OF AMERICA, N.A.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-345,631

Other Revenue $0

TOTAL REVENUE $-345,631

Expense Breakdown

Grants Paid $302,771

Salaries & Benefits $78,567

Fundraising Expenses $0

Program Expenses $349,911

Other Expenses $14,754

TOTAL EXPENSES $396,092

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-345,631	$1,717,303	-1.2%
Expenses	$396,092	$398,992	0.0%
Net Income	$-741,723	$1,318,311	-1.6%

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

N/A

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BANK OF AMERICA N A	TRUSTEE	1.0		$78,567	$0	$78,567

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
2023	$-345,631	$396,092	$8,951,887	$-741,723
2022	$1,717,303	$398,992	$9,572,771	$1,318,311
2021	$554,813	$412,032	$9,372,578	$142,781