DON ROYSTER MEMORIAL FOUNDATION INC

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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

CHRISTINE HEPWORTH

Phone

2085315851

Tax Period

2024-01-01 to 2024-12-31

DON ROYSTER MEMORIAL FOUNDATION INC, founded in 2007, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $81K in total revenue in fiscal year 2024. Revenue surged 282% from the prior year, signaling strong growth momentum. Expenses of $98K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROVIDE SCHOLARSHIPS TO STUDENTS TO ENCOURAGE THEM TO CONTINUE THEIR MUSIC EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $80,000

The Foundation has provided donations to universitites to continue their musical education programs.

Program 2

Expenses: $8,083

THE FOUNDATION HAS PROVIDED MUSICAL INSTRUMENTS TO LOCAL SCHOOLS AND PROGRAMS

Program 3

Expenses: $1,900

THE FOUNDATION HAS PROVIDED SCHOLARSHIPS TO NUMEROUS STUDENTS TO CONTINUE THEIR MUSIC EDUCATION.

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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 $3

Program Service Revenue $0

Investment Income $80,893

Other Revenue $0

TOTAL REVENUE $80,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $89,983

Other Expenses $97,932

TOTAL EXPENSES $97,932

Year-over-Year Comparison

	2024	2023	Change
Revenue	$80,896	$21,192	+2.8%
Expenses	$97,932	$110,442	-0.1%
Net Income	$-17,036	$-89,250	-0.8%

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

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
SHANAN ASTON	President	1.00	Officer Director	$0	$0	$0
CHRISTINE HEPWORTH	Director	1.00	Director	$0	$0	$0
ANNETTE HANSEN	Director	1.00	Director	$0	$0	$0
SHELLEY COATS	Director	1.00	Director	$0	$0	$0
SUSAN NEIBAUR	Director	1.00	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	$80,896	$97,932	$509,698	$-17,036
2023	$21,192	$110,442	$544,989	$-89,250
2022	$102,970	$15,860	$575,289	$87,110
2021	$41,016	$23,194	$601,560	$17,822
2020	$24,201	$17,458	$533,597	$6,743