RICHARD D FRISBEE III FOUNDATION TRUST (EIN 223042108) - 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

1990

Legal Domicile

Principal Officer

RICHARD D FRISBEE JR

Phone

2039661960

Tax Period

2022-06-01 to 2023-05-31

RICHARD D FRISBEE III FOUNDATION TRUST, founded in 1990, is a micro nonprofit that reported $601 in total revenue in fiscal year 2022. Revenue surged 8486% from the prior year, signaling strong growth momentum. Expenses of $16K exceeded revenue, resulting in a 2619% operating deficit.

Mission

TO RAISE MONEY FOR MEDICAL RESEARCH

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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 (2022)

Revenue Breakdown

Contributions & Grants $559

Program Service Revenue $25

Investment Income $1

Other Revenue $16

TOTAL REVENUE $601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $16,340

TOTAL EXPENSES $16,340

Year-over-Year Comparison

	2022	2021	Change
Revenue	$601	$7	+84.9%
Expenses	$16,340	$10,414	+0.6%
Net Income	$-15,739	$-10,407	+0.5%

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

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
CHRISTINE K FRISBEE	CHAIRMAN TRUSTEE	6.00	Officer Director	$0	$0	$0
RICHARD D FRISBEE JR	TREASURER,TRUSTEE	4.00	Officer Director	$0	$0	$0
ALICE FAIR	TRUSTEE	0.00	Officer Director	$0	$0	$0
CORDELIA G KELLY	TRUSTEE	0.00	Officer Director	$0	$0	$0
LAURA T PELLEGRINO	TRUSTEE	0.00	Officer Director	$0	$0	$0
HARRISON PIERCE MD	TRUSTEE	0.00	Officer Director	$0	$0	$0
THOMAS PRINS	TRUSTEE	0.00	Officer Director	$0	$0	$0
BRIAN SMITH MD	TRUSTEE	0.00	Officer Director	$0	$0	$0
EDWARD SNYDER MD	TRUSTEE	0.00	Officer Director	$0	$0	$0
LYNNE WHEAT	TRUSTEE	0.00	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
2023	$601	$16,340	No data	$-15,739
2022	$7	$10,414	$15,739	$-10,407
2021	$42	$27,068	$26,146	$-27,026
2020	$16	$13,906	$81,897	$-13,890

RICHARD D FRISBEE III FOUNDATION TRUST