REFOUNDRY INC (EIN 473502776) - 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

2015

Legal Domicile

Phone

3475668562

Tax Period

2021-01-01 to 2021-12-31

REFOUNDRY INC, founded in 2015, is a small nonprofit that reported $548K in total revenue in fiscal year 2021. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $639K exceeded revenue, resulting in a 17% operating deficit.

Mission

Refoundry provides formerly incarcerated people with the skills and opportunity to achieve financial independence and become job creators, disrupting the forces that drive mass incarceration and generational poverty. Refoundry Maker Training program teaches high-level crafts skills, creates career pathways, and supports entrepreneurship. Refoundry Makers learn to repurpose discarded materials into home furnishings, sell their own products, and start their own businesses.

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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 (2021)

Revenue Breakdown

Contributions & Grants $512,864

Program Service Revenue $0

Investment Income $0

Other Revenue $35,154

TOTAL REVENUE $548,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $188,969

Fundraising Expenses $65,356

Program Expenses $363,746

Other Expenses $405,715

TOTAL EXPENSES $639,257

Year-over-Year Comparison

	2021	2020	Change
Revenue	$548,018	$708,042	-0.2%
Expenses	$639,257	$651,724	0.0%
Net Income	$-91,239	$56,318	-2.6%

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

Volunteers

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
Thomas Safian	Executive Director & Board Member	35.00		$39,686	$0	$39,686
Gbenga Akinnagbe	Chairman	7.00	Officer Director	$0	$0	$0
Noelle Cleary	Treasurer, Secr	20.00	Officer Director	$0	$0	$0
David Brazda	Director	7.00	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
2021	$548,018	$639,257	$505,163	$-91,239
2020	$916,244	$651,724	$565,196	$264,520
2019	$790,938	$567,036	$442,920	$223,902
2018	$386,525	$164,406	$229,548	$222,119

REFOUNDRY INC