RAIR INC (EIN 272857282) - 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

2010

Legal Domicile

Principal Officer

FERN GOOKIN

Phone

2153336505

Tax Period

2024-07-01 to 2025-06-30

RAIR INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $396K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $602K exceeded revenue, resulting in a 52% operating deficit.

Mission

RAIR'S MISSION IS TO CHALLENGE THE PERCEPTION OF WASTE CULTURE BY PROVIDING A UNIQUE PLATFORM AT THE INTERSECTION OF ART AND INDUSTRY, AND COMMUNITY. SITUATED INSIDE A CONSTRUCTION AND DEMOLITION WASTE RECYCLING COMPANY IN NORTHEAST PHILADELPHIA, RAIR CREATES AND PROVIDES ARTIST RESIDENCIES, FELLOWSHIPS, NEW PROJECT COMMISSIONS, INTERDISCIPLINARY PARTNERSHIPS, AND PUBLIC PROGRAMS.

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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 $305,016

Program Service Revenue $34,042

Investment Income $18,877

Other Revenue $37,715

TOTAL REVENUE $395,650

Expense Breakdown

Grants Paid $0

Salaries & Benefits $377,531

Fundraising Expenses $28,099

Program Expenses $450,374

Other Expenses $224,326

TOTAL EXPENSES $601,857

Year-over-Year Comparison

	2024	2023	Change
Revenue	$395,650	$673,107	-0.4%
Expenses	$601,857	$463,076	+0.3%
Net Income	$-206,207	$210,031	-2.0%

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

$147,769

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILLY DUFALA	CREATIVE DIR	40.00	Officer	$76,385	$0	$76,385
THERESA ROSE	MANAGING DIR	40.00	Officer	$71,384	$0	$71,384
FERN GOOKIN	TREASURER	2.00	Officer Director	$0	$0	$0
MELISSA KAISER	SECRETARY	2.00	Officer Director	$0	$0	$0
KARYN OLIVIER	BOARD MEMBER	2.00	Director	$0	$0	$0
LIZA TEDESCHI	BOARD MEMBER	2.00	Director	$0	$0	$0
MAX TUTTLEMAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
SARAH WORKNEH	VICE CHAIR	2.00	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
2025	$395,650	$601,857	$531,462	$-206,207
2024	$673,107	$463,076	$761,055	$210,031
2023	$615,241	$373,303	$527,638	$241,938
2022	$353,079	$231,390	$288,462	$121,689
2021	$181,672	$136,248	$201,452	$45,424
2020	$180,754	$137,101	$182,621	$43,653
2019	$179,719	$177,963	$141,727	$1,756
2018	$250,127	$197,319	$139,022	$52,808

RAIR INC