Royal Corporation (EIN 205594193) - 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

2006

Legal Domicile

Principal Officer

BRANDON HEIDEMANN

Phone

3036215342

Tax Period

2023-10-01 to 2024-09-30

Royal Corporation, founded in 2006, is a small nonprofit in the Religion sector that reported $591K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $137K, a strong 23% operating margin.

Mission

To provide the best action sports training available while reaching youth with Gospel and live as children of God

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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 $528,836

Program Service Revenue $61,724

Investment Income $0

Other Revenue $0

TOTAL REVENUE $590,560

Expense Breakdown

Grants Paid $0

Salaries & Benefits $290,914

Fundraising Expenses $0

Program Expenses $51,695

Other Expenses $162,923

TOTAL EXPENSES $453,837

Year-over-Year Comparison

	2023	2022	Change
Revenue	$590,560	$962,937	-0.4%
Expenses	$453,837	$939,325	-0.5%
Net Income	$136,723	$23,612	+4.8%

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

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

$22,500

Total Directors

$22,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON HEIDEMANN	President	1.000	Officer Director	$22,500	$0	$22,500
COLE BANGERT	Member	1.000	Director	$0	$0	$0
TODD SANDEL	Member	1.000	Director	$0	$0	$0
ZACH BEARSS	Member	1.000	Director	$0	$0	$0
JOSHUA HALE	Secretary	1.000	Director	$0	$0	$0
JASON METZGAR	Member	1.000	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	$590,560	$453,837	$147,802	$136,723
2023	$760,852	$1,063,300	$139,333	$-302,448
2022	$962,937	$939,325	$293,884	$23,612
2021	$731,790	$770,143	$240,227	$-38,353
2020	$513,575	$550,339	$243,871	$-36,764
2019	$631,584	$468,823	$304,000	$162,761
2018	$472,402	$458,076	$113,587	$14,326

Royal Corporation