RUMSON ENDOWMENT FUND INC (EIN 223206309) - 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

1992

Legal Domicile

Principal Officer

MATT PALMER

Phone

7328423300

Tax Period

2024-01-01 to 2024-12-31

RUMSON ENDOWMENT FUND INC, founded in 1992, is a micro nonprofit in the Public & Societal Benefit sector that reported $89K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $18K, a strong 21% operating margin.

Mission

THE CORPORATION HAS AND WILL SEEK CONTRIBUTIONS FROM THE GENERAL PUBLIC IN ORDER TO PROVIDE CAPITAL IMPROVEMENTS AND/OR RECREATIONAL FACILITIES WITHIN THE BOROUGH OF RUMSON IN WAYS ACCEPTED BY THE MAYOR AND COUNCIL OF THE BOROUGH AS REQUIRED BY NEW JERSEY LAW.

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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 $81,821

Program Service Revenue $0

Investment Income $6,685

Other Revenue $0

TOTAL REVENUE $88,506

Expense Breakdown

Grants Paid $67,632

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $67,632

Other Expenses $2,397

TOTAL EXPENSES $70,029

Year-over-Year Comparison

	2024	2023	Change
Revenue	$88,506	$119,531	-0.3%
Expenses	$70,029	$56,779	+0.2%
Net Income	$18,477	$62,752	-0.7%

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
GREGORY GREENE	DIRECTOR	1.00	Director	$0	$0	$0
J CLAYTON KINGSBERY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CALDER	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW J PALMER	CHIEF FINANCIAL OFFICER	2.00	Officer	$0	$0	$0
JOSEPH K HEMPHILL	CHAIRMAN	5.00	Officer	$0	$0	$0
THOMAS S ROGERS	ADMINISTRATOR	2.00	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
2024	$88,506	$70,029	$245,262	$18,477
2023	$119,531	$56,779	$461,762	$62,752
2023	$119,531	$67,614	$226,786	$51,917
2022	$21,288	$14,522	$174,869	$6,766
2021	$377	$14,564	$168,103	$-14,187
2020	$7,374	$41,856	$182,290	$-34,482
2019	$12,270	$28,593	$216,772	$-16,323
2018	$77,029	$93,056	$233,094	$-16,027

RUMSON ENDOWMENT FUND INC