THE NICHOLAS RAY FOUNDATION INC

EIN: 261756712 501(c)(3) Arts, Culture & Humanities

RHINECLIFF, NY

Total Revenue
$1,571
Total Expenses
$9,464
Total Assets
$555,061
Net Assets
$408,298
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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
NY
Principal Officer
SUSAN RAY
Phone
8458767788
Tax Period
2021-01-01 to 2021-12-31

THE NICHOLAS RAY FOUNDATION INC, founded in 2007, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $2K in total revenue in fiscal year 2021. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $9K exceeded revenue, resulting in a 502% operating deficit.

Mission

PROMOTE THE FILMWORK OF NICHOLAS RAY AS WRITER, PRODUCER, AND DIRECTOR

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $1,350
Program Service Revenue $200
Investment Income $0
Other Revenue $21
TOTAL REVENUE $1,571

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $686
Program Expenses $7,304
Other Expenses $9,464
TOTAL EXPENSES $9,464

Year-over-Year Comparison

2021 2020 Change
Revenue $1,571 $3,190 -0.5%
Expenses $9,464 $9,132 +0.0%
Net Income $-7,893 $-5,942 +0.3%
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

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Governance

Voting Members
4
Independent Members
4
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL CARON TREASURER N/A
Officer Director
$0 $0 $0
MYRON MEISEL SECRETARY N/A
Officer Director
$0 $0 $0
SUSAN RAY PRESIDENT N/A
Officer Director
$0 $0 $0
TIMOTHY RAY VICE PRESIDE N/A
Officer Director
$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
2021 $1,571 $9,464 $555,061 $-7,893
2020 $3,190 $9,132 $555,256 $-5,942
2019 $782 $14,313 $556,219 $-13,531
2018 $859 $13,809 $557,523 $-12,950
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