Fremont-Rideout Foundation (EIN 237366330) - 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

John Weiler

Phone

5307514070

Tax Period

2023-01-01 to 2023-12-31

Fremont-Rideout Foundation, founded in 1973, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $694K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 106% operating deficit.

Mission

Promotes the philanthropic contributions that advance the mission of Adventist Health and Rideout.

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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 $600,158

Program Service Revenue $0

Investment Income $152,504

Other Revenue $-59,133

TOTAL REVENUE $693,529

Expense Breakdown

Grants Paid $973,927

Salaries & Benefits $351,129

Fundraising Expenses $15,200

Program Expenses $983,755

Other Expenses $91,518

TOTAL EXPENSES $1,431,774

Year-over-Year Comparison

	2023	2022	Change
Revenue	$693,529	$1,328,325	-0.5%
Expenses	$1,431,774	$1,052,582	+0.4%
Net Income	$-738,245	$275,743	-3.7%

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

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

$333,246

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Weiler John	Chair	1.00	Officer Director	$0	$0	$0
Johl Sarbit	Vice Chair	1.00	Officer Director	$0	$0	$0
Ten Haken Joyce	Treasurer	1.00	Officer Director	$0	$0	$0
Kang Jasbir	Secretary	1.00	Officer Director	$0	$0	$0
Dhadli Hardeep	Director	1.00	Director	$0	$0	$0
Drefke Julia	Director as of 03/23	1.00	Director	$0	$0	$0
Hudson Alan	Director	1.00	Director	$0	$0	$0
Langsdorf Mary	Director	1.00	Director	$0	$0	$0
Marsan Russ	Director	1.00	Director	$0	$0	$0
Pena Heather	Director as of 01/23	1.00	Director	$0	$0	$0
Sanchez Catalina	Director	1.00	Director	$0	$0	$0
Serna Adrian	Director	1.00	Director	$0	$0	$0
Tarke David	Director	1.00	Director	$0	$0	$0
Wright John	Director	1.00	Director	$0	$0	$0
Swanson Jeffery	Executive Director thru 11/23	40.00	Officer	$272,972	$60,274	$333,246
Champlin Christopher	President	2.00	Officer	$0	$0	$0
Thordarson Heidar	Finance Executive	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	No data	No data	No data	No data
2023	$693,529	$1,431,774	$6,098,092	$-738,245
2022	$1,328,325	$1,052,582	$6,545,150	$275,743
2021	$997,593	$527,604	$7,032,505	$469,989
2020	$913,135	$806,222	$6,458,926	$106,913
2019	$913,156	$216,216	$5,848,153	$696,940
2018	$3,351,131	$357,857	$5,449,894	$2,993,274

Fremont-Rideout Foundation