Ruby Central 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

2002

Legal Domicile

Principal Officer

Adarsh Pandit

Phone

2133498435

Tax Period

2023-01-01 to 2023-12-31

Ruby Central Inc, founded in 2002, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

An organization advocating and encouraging the use of the open source Ruby programming language through international conferences and maintaining the software ecosystem. Ruby Central fosters both educational opportunities and key infrastructure for Ruby open source development.

Program Service Accomplishments

Program 1

Expenses: $1,353,976 Revenue: $790,637

Continuing our commitment to supporting the Ruby community of software developers, Ruby Central hosted two conferences, RailsConf23 and RubyConf23, bringing together 1,450 attendees from around the globe. We created an environment where developers could collaborate, learn, connect, and celebrate their work with the Ruby language.

Program 2

Expenses: $728,410

In 2023, Ruby Central's Open Source program provided over 5000 hours of ongoing development work and 24/7 monitoring for the free RubyGems.org service. We released 50 new versions of the Bundler and RubyGems programming tools and served 32 billion individual packages of open source software.

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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 $1,338,097

Program Service Revenue $790,637

Investment Income $-370

Other Revenue $367

TOTAL REVENUE $2,128,731

Expense Breakdown

Grants Paid $314

Salaries & Benefits $247,752

Fundraising Expenses $0

Program Expenses $2,082,386

Other Expenses $1,958,199

TOTAL EXPENSES $2,206,265

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,128,731	$2,558,278	-0.2%
Expenses	$2,206,265	$2,834,985	-0.2%
Net Income	$-77,534	$-276,707	-0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adarsh Pandit	Secretary	5.00	Officer Director	$0	$0	$0
Allison McMillan	President	5.00	Officer Director	$0	$0	$0
Jonan Scheffler	Director	5.00	Director	$0	$0	$0
Marty Haught	Treasurer	5.00	Officer Director	$0	$0	$0
Penelope Phippen	Vice President	5.00	Officer Director	$0	$0	$0
Neil McGovern	Executive Dir.	5.00	Officer	$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	$2,128,731	$2,206,265	$160,871	$-77,534
2022	$2,558,278	$2,848,995	$401,064	$-290,717
2021	$1,541,659	$1,300,301	$554,939	$241,358
2020	$334,530	$566,049	$342,497	$-231,519
2019	$1,820,459	$1,652,314	$490,098	$168,145
2018	$1,657,918	$1,738,457	$319,560	$-80,539