FOUNDATION RWANDA INC (EIN 113837036) - 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

2007

Legal Domicile

Principal Officer

Jules Shell - care of Fdn Rwanda

Phone

3239297779

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION RWANDA INC, founded in 2007, is a micro nonprofit in the International Affairs sector that reported $50K in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $107K exceeded revenue, resulting in a 116% operating deficit.

Mission

Foundation Rwanda empowers second-generation survivors of the 1994 Rwandan genocide against the Tutsi and their mothers through holistic support, which includes educational opportunities, mental health counseling, and micro-loans to stimulate job creation.

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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 (2023)

Revenue Breakdown

Contributions & Grants $47,936

Program Service Revenue $0

Investment Income $1,637

Other Revenue $0

TOTAL REVENUE $49,573

Expense Breakdown

Grants Paid $43,198

Salaries & Benefits $39,430

Fundraising Expenses $10,486

Program Expenses $80,544

Other Expenses $24,386

TOTAL EXPENSES $107,014

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,573	$31,539	+0.6%
Expenses	$107,014	$174,145	-0.4%
Net Income	$-57,441	$-142,606	-0.6%

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

Independent Members

Employees

Volunteers

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

$36,400

Total Directors

$36,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jules Shell	Executive Director & Vice-President	10	Officer Director	$36,400	$0	$36,400
Jonathan Torgovnik	President	2	Officer Director	$0	$0	$0
Sara Solfanelli	Secretary	2	Officer Director	$0	$0	$0
Dan Kusnetz	Treasurer	2	Officer Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$49,573	$107,014	$136,074	$-57,441
2022	$31,539	$174,145	$191,006	$-142,606
2021	$405,778	$145,882	$325,537	$259,896
2020	$27,118	$11,987	$61,241	$15,131

FOUNDATION RWANDA INC