Rotary Club of Forked River Charitable Foundation (EIN 223079950) - 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

Tax Period

2023-07-01 to 2024-06-30

Rotary Club of Forked River Charitable Foundation, founded in 1990, is a micro nonprofit that reported $41K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $98K exceeded revenue, resulting in a 142% operating deficit.

Mission

The organizations primary exempt purpose is to donate money to local, national and international charities and individuals in need, both affiliated with Rotary International and other unrelated organizations within its own community and abroad.

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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 $23,919

Program Service Revenue $9,044

Investment Income $7,583

Other Revenue $0

TOTAL REVENUE $40,546

Expense Breakdown

Grants Paid $23,669

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $97,468

Other Expenses $74,599

TOTAL EXPENSES $98,268

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,546	$55,990	-0.3%
Expenses	$98,268	$52,867	+0.9%
Net Income	$-57,722	$3,123	-19.5%

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

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
Tim Petrin	Trustee	2.00	Director	$0	$0	$0
Tony Angona	Trustee	2.00	Director	$0	$0	$0
Drew Ritchie	Club President	5.00	Officer	$0	$0	$0
Mike DiBella	Club Past President	2.00	Officer	$0	$0	$0
Paul Stephens	Treaurer	5.00	Officer	$0	$0	$0
William Recuvoto	Club President Elect	5.00	Officer	$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
2025	No data	No data	No data	No data
2024	$40,546	$98,268	$238,634	$-57,722
2023	$55,990	$52,867	$275,097	$3,123
2022	$84,906	$53,011	$270,724	$31,895
2021	$44,821	$44,422	$242,744	$399
2020	$35,897	$45,329	$231,712	$-9,432

Rotary Club of Forked River Charitable Foundation