SCHOLARSHIP FUND FOR RAINIER SCHOLARS (EIN 463164286) - 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

2013

Legal Domicile

Principal Officer

MIKAL THOMSEN

Phone

2064072111

Tax Period

2024-01-01 to 2024-12-31

SCHOLARSHIP FUND FOR RAINIER SCHOLARS, founded in 2013, is a small nonprofit in the Education sector that reported $463K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $647K exceeded revenue, resulting in a 40% operating deficit.

Mission

SUPPORT ADDITIONAL FINANCIAL AID OPPORTUNITIES AT PARTICIPATING INDEPENDENT SCHOOLS FOR STUDENTS PREPARED THROUGH THE RAINIER SCHOLARS PROGRAM.

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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 $4,482

Program Service Revenue $0

Investment Income $458,312

Other Revenue $0

TOTAL REVENUE $462,794

Expense Breakdown

Grants Paid $608,838

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $608,838

Other Expenses $38,232

TOTAL EXPENSES $647,070

Year-over-Year Comparison

	2024	2023	Change
Revenue	$462,794	$312,456	+0.5%
Expenses	$647,070	$29,400	+21.0%
Net Income	$-184,276	$283,056	-1.7%

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

$132,403

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKAL THOMSEN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
RICKY KIMALAT	TREASURER, SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT STRONG	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN BAKER	TRUSTEE	1.00	Director	$0	$0	$0
MARY PUGH	TRUSTEE	1.00	Director	$0	$0	$0
ZANDER DOROSKI	TRUSTEE	1.00	Director	$0	$0	$0
MORGAN LARSEN	DIRECTOR OF FINANCE AND OPERATIONS	1.00	Officer	$126,865	$5,538	$132,403

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	$462,794	$647,070	$8,682,193	$-184,276
2023	$312,456	$29,400	$8,367,321	$283,056
2022	$315,053	$322,661	$7,236,576	$-7,608
2020	$312,215	$595,167	$7,973,916	$-282,952
2019	$301,640	$213,049	$7,782,560	$88,591
2018	$357,004	$135,377	$6,777,267	$221,627

SCHOLARSHIP FUND FOR RAINIER SCHOLARS