RIDE CINCINNATI FOUNDATION (EIN 204899800) - 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

MICHAEL RUDNICKI

Phone

5133617932

Tax Period

2024-01-01 to 2024-12-31

RIDE CINCINNATI FOUNDATION, founded in 2007, is a small nonprofit in the Medical Research sector that reported $768K in total revenue in fiscal year 2024. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 118% operating deficit.

Mission

OUR MISSION IS TO RAISE FUNDS IN SUPPORT OF THE UC BARRETT CANCER CENTER AT THE UNIVERSITY OF CINCINNATI HOSPITAL AND TO SUPPORT OTHER LOCAL BREAST CANCER CLINICAL TRANSITIONAL AND RESEARCH PROGRAMS.

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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 $413,099

Program Service Revenue $0

Investment Income $38

Other Revenue $354,604

TOTAL REVENUE $767,741

Expense Breakdown

Grants Paid $1,300,000

Salaries & Benefits $94,815

Fundraising Expenses $111,283

Program Expenses $1,381,597

Other Expenses $277,262

TOTAL EXPENSES $1,672,077

Year-over-Year Comparison

	2024	2023	Change
Revenue	$767,741	$2,159,415	-0.6%
Expenses	$1,672,077	$1,261,238	+0.3%
Net Income	$-904,336	$898,177	-2.0%

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

120

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
DR WILLIAM BARRETT	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN BARRETT	BOARD MEMBER	2.00	Director	$0	$0	$0
EILEEN BARRETT	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL RUDNICKI	TREASURER	2.00	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	$767,741	$1,672,077	$420,409	$-904,336
2023	$2,159,415	$1,261,238	$1,325,298	$898,177
2022	$1,033,243	$690,215	$426,293	$343,028
2021	$561,556	$494,967	$83,063	$66,589
2020	$713,385	$719,077	$16,358	$-5,692
2019	$302,060	$322,509	$22,050	$-20,449
2018	$425,663	$418,943	$42,499	$6,720

RIDE CINCINNATI FOUNDATION