NATURAL REFRIGERATION FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

GARY SCHRIFT

Phone

7033124200

Tax Period

2023-07-01 to 2024-06-30

NATURAL REFRIGERATION FOUNDATION, founded in 2006, is a small nonprofit in the Education sector that reported $549K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $346K, a strong 63% 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.

Program Service Accomplishments

Program 1

Expenses: $90,941

THE NATURAL REFRIGERATION FOUNDATION SCHOLARSHIP PROGRAM IS DESIGNED TO ENCOURAGE AND ASSIST EDUCATION THROUGH GRANTING SCHOLARSHIPS AT THE UNDERGRADUATE LEVEL. THE PROGRAM ALSO SERVES THE PUBLIC...

THE NATURAL REFRIGERATION FOUNDATION SCHOLARSHIP PROGRAM IS DESIGNED TO ENCOURAGE AND ASSIST EDUCATION THROUGH GRANTING SCHOLARSHIPS AT THE UNDERGRADUATE LEVEL. THE PROGRAM ALSO SERVES THE PUBLIC INTEREST BY AIDING THE EDUCATION OF MEN AND WOMEN TO BECOME QUALIFIED ENGINEERS. THE SCHOLARSHIP PROGRAM PROVIDES INDIVIDUALS, FOUNDATIONS, TRUSTS, AND CORPORATIONS AN OPPORTUNITY TO ASSIST HIGH-ACHIEVING STUDENTS IN ENGINEERING EDUCATION THROUGH CONTRIBUTIONS, GRANTS, BEQUESTS, AND OTHER LEGAL MEANS.

Program 2

Expenses: $80,750

THE NRF PARTICIPATES IN THE ANNUAL IIAR CONFERENCE IN THE FOLLOWING WAYS. FIRST, THE FOUNDATION OPERATES THREE TOURNAMENTS - GOLF, CORNHOLE, AND PICKLEBALL - FOLLOWED BY AN NRF VIP RECEPTION. THESE EVENTS ACT AS BOTH A FUNDRAISER FOR THE NRF AS WELL AS A THANK-YOU FOR ALL THOSE WHO CONTRIBUTE. SECONDLY, THE NRF HOSTS ALL ITS COLLEGE SCHOLARSHIP RECIPIENTS AND PAYS FOR THEIR TRAVEL, LIVING, AND ATTENDANCE. AT THE CONFERENCE, THESE SCHOLARS ARE PROVIDED WITH DETAILS ABOUT THE NATURAL REFRIGERANT INDUSTRY, EXPOSED TO ALL ASPECTS OF THE INDUSTRY, ABLE TO MEET AND NETWORK WITH INDUSTRY EXPERTS, AND ABLE TO ATTEND ALL THE AVAILABLE TRAINING AND TECHNICAL SESSIONS. DURING THE CONFERENCE, NRF-FUNDED RESEARCH PROJECTS ARE PRESENTED THROUGH TECHNICAL PRESENTATIONS INCLUDING THE PURPOSE OF THE PROJECT, THE PROJECT RESULTS, AND HOW THOSE RESULTS WILL BENEFIT THE NATURAL REFRIGERANT INDUSTRY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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