Ross Ade 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

1923

Legal Domicile

Phone

7655881061

Tax Period

2024-07-01 to 2025-06-30

Ross Ade Foundation, founded in 1923, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $3.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

Support and assist the educational purposes of Purdue University by obtaining, acquiring, constructing, or otherwise providing buildings, grounds, or other suitable facilities, improvements, or equipment by providing funds, property, or by assisting in any other manner or by any other means.

Program Service Accomplishments

Program 1

Expenses: $3,569,971 Revenue: $7,638

PROMOTE EDUCATIONAL PURPOSES IN CONNECTION WITH PURDUE UNIVERSITY BY OBTAINING, ACQUIRING, CONSTRUCTING, OR PROVIDING BUILDINGS, GROUNDS, OR OTHER SUITABLE PROPERTY FOR THE USE OR BENEFIT OF PURDUE...

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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 $0

Program Service Revenue $7,638

Investment Income $3,147,185

Other Revenue $0

TOTAL REVENUE $3,154,823

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,569,971

Other Expenses $3,588,406

TOTAL EXPENSES $3,588,406

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,154,823	$3,541,514	-0.1%
Expenses	$3,588,406	$3,613,321	0.0%
Net Income	$-433,583	$-71,807	+5.0%

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

N/A

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

$2,285,954

Total Directors

$2,798,560

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brandee Sommer	Assistant Secretary	1.0	Officer Director	$0	$0	$0
Brian Edelman	Secretary (THROUGH JAN 2025)	1.0	Officer Director	$0	$0	$0
Chad Pittman	Secretary (BEGAN FEB 2025)	1.0	Officer Director	$0	$0	$0
Eva Nodine	Vice President & Treasurer	1.0	Officer Director	$0	$55,127	$431,963
Mung Chiang	President	1.0	Officer Director	$0	$954,266	$1,853,991
Scott Seidle	Assistant Treasurer	1.0	Officer Director	$0	$0	$0
Chris Ruhl	Director	1.0	Director	$0	$60,653	$512,606
Malcolm DeKryger	Director	1.0	Director	$0	$0	$0
Michael Klipsch	Director	1.0	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	$3,154,823	$3,588,406	$142,988,635	$-433,583
2024	$3,541,514	$3,613,321	$157,723,408	$-71,807
2023	$3,897,624	$3,903,817	$171,857,687	$-6,193
2022	$4,230,686	$4,413,188	$185,779,035	$-182,502
2021	$3,154,582	$4,034,061	$186,942,514	$-879,479
2020	$4,558,159	$1,046,164	$188,086,708	$3,511,995
2019	$6,021,975	$6,651,176	$228,922,447	$-629,201
2018	$4,780,453	$6,665,135	$240,865,140	$-1,884,682