Rich May Foundation (EIN 421735264) - 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

2006

Legal Domicile

Principal Officer

Frank Merrill

Phone

6502555721

Tax Period

2024-01-01 to 2024-12-31

Rich May Foundation, founded in 2006, is a small nonprofit in the Youth Development sector that reported $117K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $109K left a modest 7% surplus.

Mission

The Rich May Foundation is a non-profit quest to provide opportunities for youth living in the city of East Palo Alto, California while honoring the memory of East Palo Alto Officer Rich May, killed in the line of duty on January 7th, 2006.

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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 $90,971

Program Service Revenue $25,955

Investment Income $0

Other Revenue $0

TOTAL REVENUE $116,926

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $9,296

Program Expenses $93,928

Other Expenses $108,594

TOTAL EXPENSES $108,594

Year-over-Year Comparison

	2024	2023	Change
Revenue	$116,926	$162,631	-0.3%
Expenses	$108,594	$100,997	+0.1%
Net Income	$8,332	$61,634	-0.9%

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

N/A

Employees

N/A

Volunteers

N/A

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
Frank Merrill	President	5.00	Director	$0	$0	$0
Les Dewitt	Vice President	0.00	Director	$0	$0	$0
Bret McMillan	CFO	2.00	Director	$0	$0	$0
Tamara McMillan	Secretary	2.00	Director	$0	$0	$0
Anne Warner-Cribbs	Trustee	2.00	Director	$0	$0	$0
Sam Sinnott	Trustee	2.00	Director	$0	$0	$0
Paul Simko	Trustee	0.00	Director	$0	$0	$0
Dennis Burns	Trustee	0.00	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
2024	$116,926	$108,594	$93,001	$8,332
2023	$137,585	$100,997	$59,623	$36,588
2023	$162,631	$100,997	$84,669	$61,634
2022	$93,723	$102,534	$23,035	$-8,811
2021	$173,860	$169,867	$31,846	$3,993

Rich May Foundation