NATURAL REFRIGERATION FOUNDATION (EIN 208044425) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

GARY SCHRIFT

Phone

7033124200

Tax Period

2023-07-01 to 2024-06-30

AMMONIA REFRIGERATION FOUNDATION, founded in 2006, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2018. Revenue surged 208% from the prior year, signaling strong growth momentum. The organization ran a surplus of $831K, a strong 67% operating margin.

Mission

THE NATURAL REFRIGERATION FOUNDATION PROMOTES THE CLIMATE-POSITIVE, SAFE, RELIABLE, AND EFFICIENT USE OF THE MOST EARTH-FRIENDLY NATURAL REFRIGERANTS THROUGH RESEARCH AND SCHOLARSHIPS TO DEVELOP INDUSTRY TALENT, ACADEMIC ALLIANCES, AND OUTREACH.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $359,825

Program Service Revenue $0

Investment Income $142,301

Other Revenue $46,375

TOTAL REVENUE $548,501

Expense Breakdown

Grants Paid $75,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $171,691

Other Expenses $127,368

TOTAL EXPENSES $202,368

Year-over-Year Comparison

	2023	2022	Change
Revenue	$548,501	$424,146	+0.3%
Expenses	$202,368	$167,453	+0.2%
Net Income	$346,133	$256,693	+0.3%

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

N/A

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

$335,287

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE MALINAUSKAS	CHAIR	2.00	Officer Director	$0	$0	$0
MIKE MCGINNIS	SECRETARY	1.00	Officer Director	$0	$0	$0
QUINN VO	TREASURER	0.50	Officer Director	$0	$0	$0
DON FETZER	DIRECTOR-AT-LARGE	0.50	Director	$0	$0	$0
WILLIAM GREULICH	RESEARCH COMMITTEE CHAIR	0.25	Director	$0	$0	$0
NICK NECHAY	DIRECTOR-AT-LARGE	0.25	Director	$0	$0	$0
JOHN FLYNN	EDUCATION COMMITTEE CHAIR	1.00	Director	$0	$0	$0
JEFF SUTTON	DIRECTOR-AT-LARGE	0.25	Director	$0	$0	$0
WALTER TEETER	DIRECTOR-AT-LARGE	0.25	Director	$0	$0	$0
GARY SCHRIFT	IIAR PRESIDENT	2.00	Officer	$0	$0	$335,287

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
2025	No data	No data	No data	No data
2024	$548,501	$202,368	$4,637,591	$346,133
2023	$424,146	$167,453	$4,083,389	$256,693
2022	$362,135	$232,003	$3,706,517	$130,132
2021	$352,806	$262,192	$4,147,786	$90,614
2020	$567,604	$165,355	$3,663,269	$402,249
2019	$1,247,669	$416,950	$3,306,447	$830,719

NATURAL REFRIGERATION FOUNDATION