Rave Foundation

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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

Phone

2065121268

Tax Period

2024-01-01 to 2024-12-31

Rave Foundation, founded in 2013, is a community nonprofit in the Recreation & Sports sector that reported $2.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.8M left a modest 11% surplus.

Mission

TO BUILD SMALL FIELDS FOR FREE PLAY AND INVEST IN PROGRAMS THAT USE SOCCER AS A VEHICLE TO INSPIRE YOUTH AND STRENGTHEN COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $824,253 Revenue: $0

CONSTRUCT AND BUILD 52 TENNIS COURT SIZED SOCCER FIELDS BY 2026 IN COMMUNITIES IN SEATTLE TO PROVIDE A PLACE FOR KIDS TO PLAY FREELY, BE PHYSICALLY ACTIVE AND SAFE, AND TO BE INCLUSIVE STAKEHOLDERS...

Program 2

Expenses: $284,070 Revenue: $0

GOALS FOR ART, ADOPT-A-SCHOOL, SCIENCE OF SOCCER AND THE SPORTS MEDIA INSTITUTE.

Program 3

Expenses: $96,563 Revenue: $0

ONE BALL PROGRAM HAS THE GOAL OF PROVIDING 100,000 SOCCER BALLS TO KIDS IN NEED.

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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 $2,684,680

Program Service Revenue $0

Investment Income $0

Other Revenue $-622,599

TOTAL REVENUE $2,062,081

Expense Breakdown

Grants Paid $229,959

Salaries & Benefits $443,515

Fundraising Expenses $139,381

Program Expenses $1,287,190

Other Expenses $1,153,782

TOTAL EXPENSES $1,827,256

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,062,081	$1,850,484	+0.1%
Expenses	$1,827,256	$1,328,954	+0.4%
Net Income	$234,825	$521,530	-0.5%

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

130

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
CHRIS BAIRD	VICE CHAIR	2.0	Officer Director	$0	$0	$0
DAVID CHEN	TREASURER	2.0	Officer Director	$0	$0	$0
FRED MENDOZA	CHAIR	2.0	Officer Director	$0	$0	$0
MAYA MENDOZA-EXSTROM	SECRETARY	2.0	Officer Director	$0	$0	$0
ADRIAN HANAUER	MEMBER	1.0	Director	$0	$0	$0
ALYSSA MOIR	MEMBER	1.0	Director	$0	$0	$0
ANN YOO	MEMBER	1.0	Director	$0	$0	$0
ERIC OCHIENG	MEMBER	1.0	Director	$0	$0	$0
JAMES RILEY	MEMBER	1.0	Director	$0	$0	$0
JENNIFER MOLINA	MEMBER	1.0	Director	$0	$0	$0
JOSE VASQUEZ	MEMBER	1.0	Director	$0	$0	$0
JUSTIN GIGER	MEMBER	1.0	Director	$0	$0	$0
KATHERINE MEYERS	MEMBER	1.0	Director	$0	$0	$0
LAMAR NEAGLE	MEMBER	1.0	Director	$0	$0	$0
ROGER LEVESQUE	MEMBER	1.0	Director	$0	$0	$0
SHIVAAS GULATI	MEMBER	1.0	Director	$0	$0	$0
TODD COWLES	MEMBER	1.0	Director	$0	$0	$0
ZACH SCOTT	MEMBER	1.0	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	$2,062,081	$1,827,256	$1,059,889	$234,825
2023	$1,850,484	$1,328,954	$825,064	$521,530
2022	$1,260,364	$1,530,905	$303,534	$-270,541
2021	$1,049,128	$647,036	$574,075	$402,092
2020	$1,524,743	$1,519,897	$171,983	$4,846
2019	$423,658	$360,485	$167,137	$63,173
2018	$815,512	$763,665	$103,964	$51,847