RITE AID HEALTHY FUTURES

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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

2001

Legal Domicile

Principal Officer

MATTHEW DECAMARA

Phone

7179723940

Tax Period

2023-01-01 to 2023-12-31

RITE AID HEALTHY FUTURES, founded in 2001, is a mid-sized nonprofit in the Human Services sector that reported $10.7M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $12.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE FOUNDATION RAISES FUNDS TO SUPPORT CHARITABLE ACTIVITIES IN THE VARIOUS COMMUNITIES THAT RITE AID SERVES, WITH A SHARPENED FOCUS ON ADDRESSING RACIAL INEQUITIES AND HEALTH DISPARITIES FOR KIDS WHILE DRIVING MEANINGFUL PROGRESS AND SUSTAINABLE CHANGE ON THESE KEY ISSUES.

Program Service Accomplishments

Program 1

Expenses: $11,457,410

THE FOUNDATION DISTRIBUTED GRANTS TO CHARITABLE ORGANIZATIONS IN THE VARIOUS COMMUNITIES IN WHICH THE RITE AID CORPORATION SERVES, AND TO ORGANIZATIONS AND INDIVIDUALS IN RESPONSE TO NATURAL...

THE FOUNDATION DISTRIBUTED GRANTS TO CHARITABLE ORGANIZATIONS IN THE VARIOUS COMMUNITIES IN WHICH THE RITE AID CORPORATION SERVES, AND TO ORGANIZATIONS AND INDIVIDUALS IN RESPONSE TO NATURAL DISASTERS.

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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 $10,289,978

Program Service Revenue $0

Investment Income $429,191

Other Revenue $0

TOTAL REVENUE $10,719,169

Expense Breakdown

Grants Paid $10,577,285

Salaries & Benefits $0

Fundraising Expenses $253,442

Program Expenses $11,457,410

Other Expenses $1,590,173

TOTAL EXPENSES $12,167,458

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,719,169	$14,142,848	-0.2%
Expenses	$12,167,458	$14,524,401	-0.2%
Net Income	$-1,448,289	$-381,553	+2.8%

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

N/A

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

$249,345

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA KAZMAIER	PRESIDENT	1.00	Officer Director	$0	$0	$0
BYRON PURCELL	TREASURER	1.00	Officer Director	$0	$0	$0
EMILY EDMUNDS	SECRETARY	1.00	Officer Director	$0	$0	$0
JOCELYN CONRAD	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS DUPAUL	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDRE PERSAUD	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL RENZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW SCHROEDER	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW DECAMARA	EXECUTIVE DIRECTOR	40.00	Officer	$220,548	$28,797	$249,345
LINDSAY MASON	DEPUTY DIRECTOR	40.00	Highest	$160,577	$8,841	$169,418
KYLE SMITH	SENIOR MANAGER	40.00	Highest	$120,608	$8,807	$129,415

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	$10,719,169	$12,167,458	$22,357,023	$-1,448,289
2022	$14,142,848	$14,524,401	$25,153,869	$-381,553
2021	$15,687,011	$8,277,715	$33,191,715	$7,409,296
2020	$13,693,834	$29,497,278	$30,682,995	$-15,803,444
2019	$16,580,430	$28,592,360	$43,289,440	$-12,011,930
2018	$14,744,607	$11,621,034	$46,085,600	$3,123,573