RILITE FOUNDATION (EIN 472638830) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

Peter Lipsky

Phone

4342962675

Tax Period

2024-01-01 to 2024-12-31

Rilite Foundation, founded in 2014, is a small nonprofit in the Medical Research sector that reported $566K in total revenue in fiscal year 2021. Revenue surged 222% from the prior year, signaling strong growth momentum. Expenses of $518K left a modest 8% surplus.

Mission

Educational scientific research investigation and therapy

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $475,539

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $475,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $546,832

Other Expenses $92,881

TOTAL EXPENSES $546,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$475,539	$709,396	-0.3%
Expenses	$546,832	$674,880	-0.2%
Net Income	$-71,293	$34,516	-3.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peter Lipsky	CEO	10.00	Officer	$0	$0	$0
Amrie Grammer	Secretary	10.00	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	$475,539	$546,832	$10,729	$-71,293
2023	$709,396	$674,880	$1,994	$34,516
2022	$486,857	$518,703	$16,770	$-31,846
2021	$566,028	$518,149	$26,002	$47,879

RILITE FOUNDATION