THE RACKHAM ENGINEERING FOUNDATION (EIN 386078727) - 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

1936

Legal Domicile

Principal Officer

KOUHAILA HAMMER

Phone

3139658264

Tax Period

2024-01-01 to 2024-12-31

THE RACKHAM ENGINEERING FOUNDATION, founded in 1936, is a small nonprofit that reported $906K in total revenue in fiscal year 2024. Revenue surged 93% from the prior year, signaling strong growth momentum. Expenses of $856K left a modest 6% surplus.

Mission

TO MANAGE FUNDS AND PROPERTY IN SUPPORT OF THE ENGINEERING SOCIETY OF DETROIT.

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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 $839,690

Investment Income $66,780

Other Revenue $0

TOTAL REVENUE $906,470

Expense Breakdown

Grants Paid $797,748

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $57,801

TOTAL EXPENSES $855,549

Year-over-Year Comparison

	2024	2023	Change
Revenue	$906,470	$469,057	+0.9%
Expenses	$855,549	$833,088	+0.0%
Net Income	$50,921	$-364,031	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIRK STEUDLE	TRUSTEE	0.50	Director	$0	$0	$0
DONALD J SMOLENSKI	TRUSTEE	0.50	Director	$0	$0	$0
ROBERT RICHARD	TRUSTEE	0.50	Director	$0	$0	$0
TERRY J WOYCHOWSKI	TRUSTEE	0.50	Director	$0	$0	$0
KOUHAILA KI HAMMER	PRESIDENT	0.50	Officer Director	$0	$0	$0
DONALD GOODWIN	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ROY H LINK	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
DUANE L TARNACKI	ASST. SECTY./ASST. TREAS.	0.50	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	$906,470	$855,549	$14,456,424	$50,921
2023	$469,057	$833,088	$13,691,151	$-364,031
2022	$793,540	$715,694	$12,921,705	$77,846
2021	$1,273,546	$669,877	$16,055,937	$603,669
2020	$181,312	$585,374	$14,888,098	$-404,062
2019	$552,087	$542,078	$13,668,327	$10,009
2018	$5,772,624	$540,383	$12,012,944	$5,232,241

THE RACKHAM ENGINEERING FOUNDATION