THE R MICHAEL RHOADES FOUNDATION (EIN 481122054) - 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

1992

Legal Domicile

Principal Officer

RICHARD L MORROW CPA CGMA

Phone

3162632223

Tax Period

2024-01-01 to 2024-12-31

THE R MICHAEL RHOADES FOUNDATION, founded in 1992, is a small nonprofit that reported $266K in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $172K, a strong 65% operating margin.

Mission

FINANCIAL AID TO DESIGNATED 501(C)(3) BENEFICIARIES

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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 $0

Program Service Revenue $0

Investment Income $265,817

Other Revenue $0

TOTAL REVENUE $265,817

Expense Breakdown

Grants Paid $55,640

Salaries & Benefits $36,000

Fundraising Expenses $0

Program Expenses $55,640

Other Expenses $2,095

TOTAL EXPENSES $93,735

Year-over-Year Comparison

	2024	2023	Change
Revenue	$265,817	$159,384	+0.7%
Expenses	$93,735	$140,108	-0.3%
Net Income	$172,082	$19,276	+7.9%

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

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

$36,000

Total Directors

$36,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD L MORROW CPA CGMA	TRUSTEE	2.00	Officer Director	$12,000	$0	$12,000
JOSEPH ROBB	TRUSTEE	2.00	Officer Director	$12,000	$0	$12,000
MICHAEL SIZEMORE	TRUSTEE	2.00	Officer Director	$12,000	$0	$12,000

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	$265,817	$93,735	$3,102,726	$172,082
2023	$159,384	$140,108	$2,930,644	$19,276
2022	$153,279	$144,827	$2,911,368	$8,452
2021	$262,130	$71,214	$2,902,916	$190,916
2020	$103,149	$196,321	$2,712,000	$-93,172
2019	$156,910	$255,053	$2,805,172	$-98,143
2018	$396,166	$258,147	$2,903,315	$138,019

THE R MICHAEL RHOADES FOUNDATION