The Rackspace Foundation (EIN 263332818) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Phone

2103124688

Tax Period

2024-01-01 to 2024-12-31

The Rackspace Foundation, founded in 2008, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $149K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $298K exceeded revenue, resulting in a 100% operating deficit.

Mission

THE RACKSPACE FOUNDATION IS A 501(C )(3) NONPROFIT FUNDED ENTIRELY BY RACKSPACE EMPLOYEES, DEDICATED TO BUILDING STRONGER COMMUNITIES THROUGH EDUCATION - ESPECIALLY IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM). THE FOUNDATION BELIEVES EVERY STUDENT DESERVES ACCESS TO HIGH-QUALITY LEARNING EXPERIENCES THAT INSPIRE CURIOSITY AND UNLOCK POTENTIAL. THE FOUNDATION INVESTS IN PROGRAMS THAT MEET BASIC NEEDS WHILE ALSO OPENING DOORS TO MENTORSHIP, CREATIVITY, AND HANDS-ON STEM LEARNING. THE FOUNDATION TAKES A COMMUNITY-BASED, HOLISTIC APPROACH TO GIVING. WE PARTNER WITH LOCAL ORGANIZATIONS TO PROVIDE DONATION MATCHING, SKILLS-BASED VOLUNTEERISM, AND STRATEGIC SUPPORT WHERE IT'S NEEDED MOST. BY SUPPORTING STEM IN OUR COMMUNITIES, WE HELP OVER 10,000 STUDENTS DISCOVER THEIR PASSIONS, BUILD CONFIDENCE, AND BELIEVE IN WHAT IS POSSIBLE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $149,093

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $149,093

Expense Breakdown

Grants Paid $233,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $297,549

Other Expenses $64,049

TOTAL EXPENSES $297,549

Year-over-Year Comparison

	2024	2023	Change
Revenue	$149,093	$189,004	-0.2%
Expenses	$297,549	$352,838	-0.2%
Net Income	$-148,456	$-163,834	-0.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Aimee Marroquin	Treasurer	1.0	Officer Director	$0	$0	$0
LINDSEY STICH	SECRETARY	1.0	Officer Director	$0	$0	$0
MICHELLE PETERSON	PRESIDENT	10.0	Officer Director	$0	$0	$0
SUMMER GAFFORD	BOARD MEMBER/SECRETARY (PART YEAR)	1.0	Officer Director	$0	$0	$0
JACKIE MARASHI	BOARD MEMBER	1.0	Director	$0	$0	$0
JASON WICKER	BOARD MEMBER	1.0	Director	$0	$0	$0
KELLIE TEAL-GUESS	BOARD MEMBER	1.0	Director	$0	$0	$0
Kristen Shubilla	Board Member	1.0	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
2024	$149,093	$297,549	$509,342	$-148,456
2023	$189,004	$352,838	$657,798	$-163,834
2022	$235,383	$494,586	$821,632	$-259,203
2021	$480,124	$483,229	$1,080,835	$-3,105
2020	$533,267	$516,879	$1,083,940	$16,388
2019	$582,257	$486,940	$1,067,578	$95,317
2018	$661,042	$647,578	$972,261	$13,464

The Rackspace Foundation