REAL ESTATE CHARITABLE FOUNDATION (EIN 431912033) - 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

2004

Legal Domicile

Phone

8168420944

Tax Period

2024-01-01 to 2024-12-31

REAL ESTATE CHARITABLE FOUNDATION, founded in 2004, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $294K in total revenue in fiscal year 2024. Expenses of $3.4M exceeded revenue, resulting in a 1058% operating deficit.

Mission

A SUPPORTING ORGANIZATION OF THE GREATER KANSAS CITY COMMUNITY FOUNDATION, ESTABLISHED TO FACILITATE AND ACCEPT DONORS' CHARITABLE GIFTS OF REAL PROPERTY.

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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 $293,396

Investment Income $959

Other Revenue $0

TOTAL REVENUE $294,355

Expense Breakdown

Grants Paid $1,649,101

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,400,032

Other Expenses $1,758,267

TOTAL EXPENSES $3,407,368

Year-over-Year Comparison

	2024	2023	Change
Revenue	$294,355	$-928,843	-1.3%
Expenses	$3,407,368	$1,933,127	+0.8%
Net Income	$-3,113,013	$-2,861,970	+0.1%

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

$627,042

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BRAIN	DIRECTOR / VICE CHAIR	1.0	Officer Director	$0	$0	$0
WHITNEY KERR SR	DIRECTOR / CHAIR	1.0	Officer Director	$0	$0	$0
CATHERINE M HAUBER	DIRECTOR	1.0	Director	$0	$0	$0
DAVID HARRISON	DIRECTOR	1.0	Director	$0	$0	$0
COREY ZIEGLER	SECRETARY/TREASURER	1.0	Officer	$0	$23,599	$290,990
KATIE GRAY	EXECUTIVE DIRECTOR	1.0	Officer	$0	$38,697	$336,052

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	$294,355	$3,407,368	$34,300,544	$-3,113,013
2023	$-928,843	$1,933,127	$37,566,450	$-2,861,970
2022	$308,737	$8,631,561	$40,630,228	$-8,322,824
2021	$8,046,902	$2,540,901	$49,152,736	$5,506,001
2020	$4,204,580	$3,196,988	$43,935,265	$1,007,592
2019	$510,263	$13,207,808	$42,704,759	$-12,697,545
2018	$17,819,104	$5,726,752	$55,564,275	$12,092,352

REAL ESTATE CHARITABLE FOUNDATION