RICHELE SHERMAN FOUNDATION

EIN: 332407559 501(c)(3) Health Care

LUBBOCK, TX

Total Revenue
$28,595
Total Expenses
$26,850
Total Assets
$1,745
Net Assets
$1,745
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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
2024
Legal Domicile
TX
Principal Officer
SAMUEL SHERMAN
Phone
8065898023
Tax Period
2025-01-01 to 2025-12-31

RICHELE SHERMAN FOUNDATION, founded in 2024, is a micro nonprofit in the Health Care sector that reported $29K in total revenue in fiscal year 2025. Expenses of $27K left a modest 6% surplus.

Mission

Richele Sherman Foundations purpose is to award income replacement grants to individuals so that their family can continue to pay for everyday expenses while caring for ill family members.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $28,595
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $28,595

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $26,850
Other Expenses $26,850
TOTAL EXPENSES $26,850

Year-over-Year Comparison

2025 2024 Change
Revenue $28,595 N/A N/A
Expenses $26,850 N/A N/A
Net Income $1,745 $0 N/A
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
3

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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAMUEL SHERMAN PRESIDENT N/A
$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 $28,595 $26,850 $1,745 $1,745
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