ARRL FOUNDATION INC (EIN 237325472) - 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

1973

Legal Domicile

Principal Officer

CHRISTINA LESSARD

Phone

8605940200

Tax Period

2024-07-01 to 2025-06-30

ARRL FOUNDATION INC, founded in 1973, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.2M in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 58% operating margin.

Mission

TO ADMINISTER PROGRAMS THAT SUPPORT THE AMATEUR RADIO COMMUNITY.

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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 $2,829,795

Program Service Revenue $0

Investment Income $362,467

Other Revenue $0

TOTAL REVENUE $3,192,262

Expense Breakdown

Grants Paid $1,239,257

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,239,257

Other Expenses $105,846

TOTAL EXPENSES $1,345,103

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,192,262	$1,901,119	+0.7%
Expenses	$1,345,103	$696,539	+0.9%
Net Income	$1,847,159	$1,204,580	+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

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

$435,112

Total Directors

$350,582

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID NORRIS	PRESIDENT	0.50	Officer Director	$0	$0	$0
DAVID MINSTER	VICE PRESIDENT	0.50	Officer Director	$0	$41,087	$350,582
KERMIT CARLSON	DIRECTOR	0.50	Director	$0	$0	$0
TOM FRENAYE	DIRECTOR	0.50	Director	$0	$0	$0
CARL LEUTZELSCHWAB	OUTGOING DIRECTOR	0.50	Director	$0	$0	$0
BILL LIPPERT	DIRECTOR	0.50	Director	$0	$0	$0
ED SNYDER	DIRECTOR	0.50	Director	$0	$0	$0
MARK J THARP	DIRECTOR	0.50	Director	$0	$0	$0
CRAIG THOMPSON	DIRECTOR	0.50	Director	$0	$0	$0
ART ZYGIELBAUM	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTINA LESSARD	SECRETARY	0.50	Officer	$0	$4,780	$84,530
RICK NISWANDER	TREASURER	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
2025	$3,192,262	$1,345,103	$12,465,817	$1,847,159
2024	$1,901,119	$696,539	$9,901,512	$1,204,580
2023	$1,065,923	$1,555,104	$7,982,253	$-489,181
2022	$1,644,806	$682,690	$7,970,671	$962,116
2021	$1,210,769	$432,699	$7,908,611	$778,070
2020	$1,039,174	$152,639	$6,343,520	$886,535
2019	$538,881	$165,245	$5,468,775	$373,636

ARRL FOUNDATION INC