RHI Foundation Inc (EIN 351932349) - 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

1994

Legal Domicile

Phone

3173292000

Tax Period

2023-01-01 to 2023-12-31

RHI Foundation Inc, founded in 1994, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $973K in total revenue in fiscal year 2023. Revenue surged 118% from the prior year, signaling strong growth momentum. The organization ran a surplus of $286K, a strong 29% operating margin.

Mission

The RHI Foundation exists to identify and secure non-operational sources of public and private funding for cutting-edge medical research, other operational resources and programming, and facilities and equipment that further the mission of the Rehabilitation Hospital of Indiana.

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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 $537,580

Program Service Revenue $443,983

Investment Income $6,961

Other Revenue $-15,588

TOTAL REVENUE $972,936

Expense Breakdown

Grants Paid $7,062

Salaries & Benefits $240,973

Fundraising Expenses $66,704

Program Expenses $554,347

Other Expenses $438,466

TOTAL EXPENSES $686,501

Year-over-Year Comparison

	2023	2022	Change
Revenue	$972,936	$446,488	+1.2%
Expenses	$686,501	$535,570	+0.3%
Net Income	$286,435	$-89,082	-4.2%

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

175

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

$224,506

Total Directors

$450,974

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	BOARD CHAIR	1.0	Officer Director	$0	$0	$0
N/A	Vice Chair	1.0	Officer Director	$0	$0	$0
N/A	Treasurer	1.0	Officer Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	board member (from 1/18/2023)	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$46,851	$450,974
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	board member (from 11/15/2023)	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER (until 4/1/2023)	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER (until 7/1/2023)	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER (until 4/1/2023)	1.0	Director	$0	$0	$0
N/A	EXECUTIVE DIRECTOR	40.0	Officer	$198,096	$26,410	$224,506

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	$972,936	$686,501	$964,160	$286,435
2022	$446,488	$535,570	$662,126	$-89,082
2021	$771,227	$590,747	$1,113,598	$180,480
2020	$510,906	$464,408	$730,709	$46,498
2019	$381,883	$322,681	$421,957	$59,202
2018	$242,081	$391,852	$226,079	$-149,771

RHI Foundation Inc