ricRack Inc (EIN 460782300) - 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

2012

Legal Domicile

Phone

5042185205

Tax Period

2023-01-01 to 2023-12-31

ricRack Inc, founded in 2012, is a small nonprofit in the Unknown sector that reported $211K in total revenue in fiscal year 2023. Expenses of $267K exceeded revenue, resulting in a 26% operating deficit.

Mission

ricRACK is a place for the New Orleans community. to learn how to sew, create, grow, imagine, re-use, sustain, and succeed.

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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 (2023)

Revenue Breakdown

Contributions & Grants $77,306

Program Service Revenue $78,130

Investment Income $2

Other Revenue $55,479

TOTAL REVENUE $210,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,669

Fundraising Expenses $18,570

Program Expenses $214,622

Other Expenses $146,906

TOTAL EXPENSES $266,575

Year-over-Year Comparison

	2023	2022	Change
Revenue	$210,917	$198,997	+0.1%
Expenses	$266,575	$210,427	+0.3%
Net Income	$-55,658	$-11,430	+3.9%

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

Employees

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

$56,719

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Freeman Current	Executive Dir.	40.00	Officer	$56,719	$0	$56,719
Darren Isabelle	Director	1.00	Director	$0	$0	$0
Rosane Archer McGowan	Treasurer	1.00	Officer Director	$0	$0	$0
Pamela Wood	Vice-Chairman	1.00	Officer Director	$0	$0	$0
Beth Burvant	Chairman	1.00	Officer Director	$0	$0	$0
Carole Frances Lung	Director	1.00	Director	$0	$0	$0
Elizabeth Townsend Gard	Director	1.00	Director	$0	$0	$0
Wendy Celeste	Secretary	0.00	Officer Director	$0	$0	$0
Natasha Wilson	Director	1.00	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	No data	No data	No data	No data
2023	$210,917	$266,575	$15,997	$-55,658
2022	$198,997	$210,427	$68,200	$-11,430
2021	$147,425	$134,248	$83,920	$13,177

ricRack Inc