JASON KENDALL RAY FOUNDATION (EIN 260689815) - 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

2007

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

JASON KENDALL RAY FOUNDATION, founded in 2007, is a micro nonprofit in the Education sector that reported $35K in total revenue in fiscal year 2023. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $113K exceeded revenue, resulting in a 221% operating deficit.

Mission

A MISSION OF EDUCATION, COMMUNITY SERVICE AND REACHING OUT TO PEOPLE TO SHARE THE WORD OF CHRIST, TO ENDOW EDUCATIONAL SCHOLARSHIPS & TRANSPLANT SURGERIES AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL.

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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 $35,139

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $35,139

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $0

Fundraising Expenses $12,344

Program Expenses $100,435

Other Expenses $12,779

TOTAL EXPENSES $112,779

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,139	$153,116	-0.8%
Expenses	$112,779	$101,174	+0.1%
Net Income	$-77,640	$51,942	-2.5%

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
BILLY CASSIDY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PORTER	DIRECTOR	0.00	Director	$0	$0	$0
TIMMY PORTER	DIRECTOR	0.00	Director	$0	$0	$0
CHARLOTTE RAY	PRESIDENT	10.00	Officer	$0	$0	$0
CHERYL SPIVEY	VICE PRESIDENT	1.00	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	$35,139	$112,779	$44,488	$-77,640
2022	$153,116	$101,174	$122,128	$51,942
2021	$86,865	$57,667	$70,186	$29,198
2020	$46,667	$81,608	$40,988	$-34,941

JASON KENDALL RAY FOUNDATION