RPM FOUNDATION (EIN 202102643) - 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

2005

Legal Domicile

Principal Officer

Christina Hannan

Phone

8555374579

Tax Period

2024-01-01 to 2024-12-31

RPM FOUNDATION, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $221K in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $389K exceeded revenue, resulting in a 76% operating deficit.

Mission

The RPM Foundation supports restoration and preservation training programs for the next generation of automotive, motorcycle and marine craftsmen. As the educational arm of America's Automotive Trust, the services, resources and grants provided by the RPM Foundation safeguard the future of the collector vehicle industry by sustaining hands-on training for young adults. The RPM Foundation is based in Chicago, IL, and Ambassadors nationwide.

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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 $219,285

Program Service Revenue $1,319

Investment Income $0

Other Revenue $0

TOTAL REVENUE $220,604

Expense Breakdown

Grants Paid $100,771

Salaries & Benefits $232,917

Fundraising Expenses $40,646

Program Expenses $312,252

Other Expenses $54,894

TOTAL EXPENSES $388,582

Year-over-Year Comparison

	2024	2023	Change
Revenue	$220,604	$467,101	-0.5%
Expenses	$388,582	$376,304	+0.0%
Net Income	$-167,978	$90,797	-2.9%

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

$624,883

Total Directors

$624,883

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Madeira	Vice Chair & CEO,AAT	0.05	Officer Director	$0	$26,972	$365,722
Gary Yamamoto	Exec Director, ACM (left July 2024)	0.05	Officer Director	$0	$16,712	$143,221
Nick Ellis	Exec Director, RPM	0.05	Officer Director	$100,452	$15,488	$115,940
TG Mittler	Board Member	0.05	Director	$0	$0	$0
Sam Baker Jr	Secretary	0.05	Officer Director	$0	$0	$0
B Corry McFarland	Past Chairman (Emeritus)	0.05	Officer Director	$0	$0	$0
William Weyerhaeuser	Vice Chair	0.05	Officer Director	$0	$0	$0
James Gary May	Board Member	0.05	Director	$0	$0	$0
Michael Towers	Chairman	0.05	Officer Director	$0	$0	$0
Gerald Greenfield	Board Member	0.05	Director	$0	$0	$0
Trevor Cobb	Treasurer	0.05	Officer Director	$0	$0	$0
Michael Holmes	Board Member	0.05	Director	$0	$0	$0
Alan Granberg	Board Member	0.05	Director	$0	$0	$0
Keith Flickinger	Board Member	0.05	Director	$0	$0	$0
John Barline	Board Member (Emeritus)	0.05	Director	$0	$0	$0
Gary Gartner	Vice Chair (retired Sept 2024)	0.05	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	$220,604	$388,582	$599,127	$-167,978
2023	$467,101	$376,304	$656,157	$90,797
2022	$282,480	$469,781	$595,180	$-187,301
2021	$453,412	$430,115	$749,647	$23,297
2020	$165,778	$378,706	$652,906	$-212,928
2018	$898,973	$783,180	$811,894	$115,793

RPM FOUNDATION