THE NICHOLAS RAY FOUNDATION INC

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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

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

Program Service Accomplishments

Program 1

Expenses: $7,304 Revenue: $200

RESTORATION OF FILMS AND RELATED ITEMS OF AND ABOUT NICHOLAS RAY, AND PREPARATION OF ARCHIVED DOCUMENTS AND FILMS FOR SHOWS AND PRESENTATIONS; SCREENING OF FILM ARCHIVES OF NICHOLAS RAY'S WORK...

RESTORATION OF FILMS AND RELATED ITEMS OF AND ABOUT NICHOLAS RAY, AND PREPARATION OF ARCHIVED DOCUMENTS AND FILMS FOR SHOWS AND PRESENTATIONS; SCREENING OF FILM ARCHIVES OF NICHOLAS RAY'S WORK THROUGHOUT THE WORLD.

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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 (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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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