REFUGE FOUNDATION

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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

Brian Carpenter

Phone

9095595584

Tax Period

2024-01-01 to 2024-12-31

REFUGE FOUNDATION, founded in 2007, is a community nonprofit in the Religion sector that reported $5.8M in total revenue in fiscal year 2024.

Mission

REFUGE FOUNDATION SEEKS TO REFRESH AND REFUEL LEADERS BY BRINGING THEM TO MONTANA, WYOMING, AND OTHER LOCATIONS TO PROVIDE RECREATIONAL ACTIVITIES ON A PERIODIC BASIS TO EDUCATE THEM ABOUT LEADERSHIP BURNOUT IN ORDER TO CREATE HEALTHY LEADERS.

Program Service Accomplishments

Program 1

Expenses: $4,685,223 Revenue: $0

EDUCATION OF LEADERS TO PREVENT AND AVOID LEADERSHIP BURNOUT AND TO LEAD HEALTHIER LIVES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,757,690

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $5,757,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,842,549

Fundraising Expenses $146,561

Program Expenses $4,685,223

Other Expenses $3,090,098

TOTAL EXPENSES $5,932,647

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,757,692	$5,750,610	+0.0%
Expenses	$5,932,647	$5,232,256	+0.1%
Net Income	$-174,955	$518,354	-1.3%

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

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

$380,238

Total Directors

$212,934

Key Employees

$254,934

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN CARPENTER	EXECUTIVE DIRECTOR	40	Officer Director Key Emp	$212,934	$0	$212,934
FRED GRAY	Chief Operating Officer	40	Officer	$167,304	$0	$167,304
DAVID MCCARTHY	CHIEF FINANCIAL OFFICER	10	Key Emp	$42,000	$0	$42,000
SKYLER SMITH	DIRECTOR	2	Director	$0	$0	$0
ARMANDO FULLWOOD	DIRECTOR	2	Director	$0	$0	$0
LANCE WITT	DIRECTOR	2	Director	$0	$0	$0
CRULL CHAMBLISS	DIRECTOR	2	Director	$0	$0	$0
MATT SMITH	DIRECTOR	2	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	$5,757,692	$5,932,647	$6,451,548	$-174,955
2023	$5,750,610	$5,232,256	$4,690,245	$518,354
2022	$4,377,273	$4,612,325	$2,161,726	$-235,052
2021	$3,571,632	$3,210,672	$2,509,784	$360,960
2020	$2,293,724	$1,786,636	$2,026,200	$507,088
2019	$1,725,431	$1,353,978	$1,122,140	$371,453
2018	$1,269,832	$1,169,589	$709,742	$100,243