RICHARDSON, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)RICHARDSON EAST ROTARY FOUNDATION, founded in 2003, is a small nonprofit in the Education sector that reported $311K in total revenue in fiscal year 2018. Revenue surged 179% from the prior year, signaling strong growth momentum. Expenses of $406K exceeded revenue, resulting in a 31% operating deficit.
Providing scholarships to local high school students who are planning to pursue a college degree; partner with the city of Richardson, TX to provide funding for an inclusive playground.
Community Service was provided to the Richardson TX community by providing continuing financial support to the City of Richardson (COR) to build a new all-inclusive playground for its residents and...
Community Service was provided to the Richardson TX community by providing continuing financial support to the City of Richardson (COR) to build a new all-inclusive playground for its residents and to members of the larger community. In previous fiscal years, the Foundation and its sponsor organization, the Richardson East Rotary Club (RERC), agreed to raise $250,000 toward the construction and equipping of the park. During the current fiscal year, the Foundation raised $367,013 for the project. In addition, the Foundation provided $14,750 of scholarship payments to current and prior year recipients and approximately $9,403 of funding for other COR public events including $1,503 provided to fund the cost of a community picnic at a COR public park and $7,500 to provide garden landscaping at the park adjacent to the inclusive playground. Other expenses benefitting the community included $2,398 to support the Richardson Chamber of Commerce and $1,000 to support the City of Dallas Veterans Day parade.
The Foundation partnered with the Rotary Foundation (RF), an affiliated 501(c)(3) organization located in Chicago, IL by providing $7,917 in support of its philanthropic programs. The RF operates...
The Foundation partnered with the Rotary Foundation (RF), an affiliated 501(c)(3) organization located in Chicago, IL by providing $7,917 in support of its philanthropic programs. The RF operates world-wide and supports a number of humanitarian projects such as literacy, polio eradication, world peace and water and sanitation projects in developing countries. In keeping with support of humanitarian projects, the Richardson East Rotary Foundation gave $1,000 toward dental service projects in underprivileged areas.
The Foundation provided $1,350 in scholarships to high school seniors to attend a youth leadership camp sponsored by an affiliated organization, Rotary Youth Leadership Award. The goal of the week...
The Foundation provided $1,350 in scholarships to high school seniors to attend a youth leadership camp sponsored by an affiliated organization, Rotary Youth Leadership Award. The goal of the week long camp is to help high school students who have completed their junior year to become leaders among their peers by teaching team building, communication and problem solving skills - all while engaged in dynamic camp activities. The Foundation also provided $1,125 to show appreciation for local teachers and students.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2018 | 2017 | Change | |
|---|---|---|---|
| Revenue | $310,558 | $111,393 | +1.8% |
| Expenses | $405,956 | $28,466 | +13.3% |
| Net Income | $-95,398 | $82,927 | -2.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Kenn Smith | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Tommie Wright | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Darryl Fourte | Director | 1.00 |
Director
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$0 | $0 | $0 |
| David Frazee | President | 1.00 |
Officer
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$0 | $0 | $0 |
| Tom Hummel | Treasurer | 5.00 |
Officer
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$0 | $0 | $0 |
| Laurie Garvie | Secretary | 1.00 |
Officer
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2019 | $310,558 | $405,956 | $127,194 | $-95,398 |
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