RED RIVER TECHNOLOGY FOUNDATION DBA RED RIVER CHARITABLE FOUNDATION (EIN 263579377) - 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

2008

Legal Domicile

Principal Officer

RICHARD BOLDUC

Phone

6036677826

Tax Period

2023-01-01 to 2023-12-31

RED RIVER TECHNOLOGY FOUNDATION DBA RED RIVER CHARITABLE FOUNDATION, founded in 2008, is a small nonprofit in the Education sector that reported $234K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Net assets of $1.8M represent 91 months of operating reserves.

Mission

PROMOTE AND ENCOURAGE STUDENTS TO CONTINUE THEIR STUDIES IN THE FIELDS OF SCIENCE AND TECHNOLOGY AS WELL AS SUPPORTING US MILITARY VETERANS TRANSITIONING TO CIVILIAN LIFE.

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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 $214,989

Program Service Revenue $0

Investment Income $42,646

Other Revenue $-23,478

TOTAL REVENUE $234,157

Expense Breakdown

Grants Paid $162,249

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $242,267

Other Expenses $90,613

TOTAL EXPENSES $252,862

Year-over-Year Comparison

	2023	2022	Change
Revenue	$234,157	$567,038	-0.6%
Expenses	$252,862	$226,702	+0.1%
Net Income	$-18,705	$340,336	-1.1%

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

300

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
RICHARD BOLDUC	PRESIDENT	1.00	Officer Director	$0	$0	$0
KIMBERLY VACCA	SECRETARY	1.00	Officer Director	$0	$0	$0
DANIEL MCGEE	TREASURER	1.00	Officer Director	$0	$0	$0
GINA BURKE	BOARD MEMBER	1.00	Director	$0	$0	$0
KUSH KUMAR	BOARD MEMBER	1.00	Director	$0	$0	$0
ED LEVENS	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY MERRILL	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAWN MONTY	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2023	$234,157	$252,862	$1,775,956	$-18,705
2022	$567,038	$226,702	$1,682,123	$340,336
2021	$492,970	$269,374	$1,490,536	$223,596
2020	$453,116	$185,971	$1,219,353	$267,145
2019	$433,512	$112,278	$889,510	$321,234
2018	$264,608	$42,383	$558,008	$222,225

RED RIVER TECHNOLOGY FOUNDATION DBA RED RIVER CHARITABLE FOUNDATION