REFRESH COLLECTIVE (EIN 473138601) - 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

2016

Legal Domicile

Principal Officer

David Harrill

Phone

2162699208

Tax Period

2024-10-01 to 2025-09-30

REFRESH COLLECTIVE, founded in 2016, is a small nonprofit in the Youth Development sector that reported $889K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $167K, a strong 19% operating margin.

Mission

Refresh Collective cultivates tomorrow's change-makers through creative self-expression and skill building rooted in hip-hop arts and culture.

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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 $377,949

Program Service Revenue $491,652

Investment Income $19,179

Other Revenue $0

TOTAL REVENUE $888,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $443,985

Fundraising Expenses $34,581

Program Expenses $603,740

Other Expenses $277,785

TOTAL EXPENSES $721,770

Year-over-Year Comparison

	2024	2023	Change
Revenue	$888,780	$1,123,349	-0.2%
Expenses	$721,770	$1,137,689	-0.4%
Net Income	$167,010	$-14,340	-12.6%

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

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

$94,710

Total Directors

$5,610

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lee Harrill	Chief Operating Officer	40	Officer	$54,230	$0	$54,230
David Harrill	Executive Director	40	Officer	$40,480	$0	$40,480
Robert Daugherty	Secretary	10	Director	$5,610	$0	$5,610
Joeseph Black	Director	2	Director	$0	$0	$0
Lisa Froehlich	Director	2	Director	$0	$0	$0
Mike Gustafon	President	2	Director	$0	$0	$0
Josh Wade	Director	2	Director	$0	$0	$0
Diana Ross	Director	2	Director	$0	$0	$0
Morrighan Mackinnon	Director	5	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
2025	$888,780	$721,770	$319,953	$167,010
2024	No data	No data	No data	No data
2023	$1,092,889	$1,104,316	$189,484	$-11,427
2022	$727,173	$688,964	$200,276	$38,209
2021	$319,583	$336,721	$118,235	$-17,138
2020	$295,774	$285,309	$153,783	$10,465
2018	$206,573	$234,730	$82,502	$-28,157

REFRESH COLLECTIVE