Kent J Riley Charitable Fund Inc

EIN: 472242119 501(c)(3) Education

Beverly, MA

Total Revenue
$25,990
Total Expenses
$24,613
Total Assets
$261,411
Net Assets
$261,411
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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
MA
Principal Officer
Heather Multhaupt
Tax Period
2024-01-01 to 2024-12-31

Kent J Riley Charitable Fund Inc, founded in 2014, is a micro nonprofit in the Education sector that reported $26K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $25K left a modest 5% surplus.

Mission

Provide college scholarships for future STEM and health professionals and to support local hospice organizations.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $314
Program Service Revenue $0
Investment Income $3,863
Other Revenue $21,813
TOTAL REVENUE $25,990

Expense Breakdown

Grants Paid $22,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $22,500
Other Expenses $2,113
TOTAL EXPENSES $24,613

Year-over-Year Comparison

2024 2023 Change
Revenue $25,990 $40,158 -0.4%
Expenses $24,613 $25,110 0.0%
Net Income $1,377 $15,048 -0.9%
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

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Governance

Voting Members
6
Independent Members
3
Employees
N/A
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Curt Colarullo Director N/A
Director
$0 $0 $0
Tom Bryant Director N/A
Director
$0 $0 $0
Bill Benjes Director N/A
Director
$0 $0 $0
Heather Multhaupt President 002.00
Officer
$0 $0 $0
Linda Shpliner Secretary 007.00
Officer
$0 $0 $0
Mark Sutton Treasurer 001.00
Officer
$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 $25,990 $24,613 $261,411 $1,377
2023 $40,158 $25,110 $230,427 $15,048
2022 $27,580 $29,543 $179,325 $-1,963
2021 $45,003 $41,112 $216,167 $3,891
2020 $38,971 $44,429 $178,288 $-5,458
2019 $32,488 $21,480 $161,299 $11,008
2018 $36,872 $17,755 $135,169 $19,117
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