THE RICK HERREMA FOUNDATION INC (EIN 471633525) - 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

2014

Legal Domicile

Principal Officer

TRABUE BLAND

Phone

9104441743

Tax Period

2023-01-01 to 2023-12-31

THE RICK HERREMA FOUNDATION INC, founded in 2014, is a small nonprofit in the Health Care sector that reported $591K in total revenue in fiscal year 2023. Expenses of $521K left a modest 12% surplus.

Mission

OUR MISSION IS STRENGTHENING RELATIONSHIPS OF THE MILITARY FAMILY THROUGH FUN, QUALITY ACTIVITIES.

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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 $398,408

Program Service Revenue $178,231

Investment Income $14,525

Other Revenue $0

TOTAL REVENUE $591,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $266,234

Fundraising Expenses $0

Program Expenses $453,639

Other Expenses $255,140

TOTAL EXPENSES $521,374

Year-over-Year Comparison

	2023	2022	Change
Revenue	$591,164	$603,254	0.0%
Expenses	$521,374	$738,403	-0.3%
Net Income	$69,790	$-135,149	-1.5%

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

N/A

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
JOHN ANDERSON	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
SAM BARNETT	BOARD MEMBER	5.00	Director	$0	$0	$0
LANDON BENTHAM	SECRETARY	5.00	Officer Director	$0	$0	$0
TRABUE BLAND	PRESIDENT	10.00	Officer Director	$0	$0	$0
JOHN BORLAND	BOARD MEMEBE	5.00	Director	$0	$0	$0
MICHAEL ECKER	BOARD MEMBER	5.00	Director	$0	$0	$0
DICK HERREMA	BOARD MEMBER	5.00	Director	$0	$0	$0
DARREN JEFFREY	BOARD MEMBER	10.00	Director	$0	$0	$0
DIANE JUERGENS	BOARD MEMBER	5.00	Director	$0	$0	$0
RICH JUERGENS	BOARD MEMBER	10.00	Director	$0	$0	$0
SCOTT MARGOLIS	BOARD MEMBER	5.00	Director	$0	$0	$0
JOE SALINAS	BOARD MEMBER	5.00	Director	$0	$0	$0
CLAIRE WEBB	BOARD MEMBER	5.00	Director	$0	$0	$0
KIMBERLY WEIMER	TREASURER	15.00	Officer Director	$0	$0	$0
JOSHUA WOEHR	FOUNDER	15.00	Officer 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	$591,164	$521,374	$2,225,730	$69,790
2022	$603,254	$738,403	$2,061,995	$-135,149
2021	$726,607	$702,265	$2,354,137	$24,342
2020	$443,487	$495,320	$2,287,784	$-51,833
2019	$949,620	$550,138	$2,209,650	$399,482
2018	$1,083,028	$382,876	$1,762,712	$700,152

THE RICK HERREMA FOUNDATION INC