RHYTHM & BLUES FOUNDATION INC (EIN 521594184) - 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

1988

Legal Domicile

Principal Officer

DAMON WILLIAMS

Phone

8009805208

Tax Period

2024-06-01 to 2025-05-31

RHYTHM & BLUES FOUNDATION INC, founded in 1988, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $198K in total revenue in fiscal year 2024. Revenue surged 927% from the prior year, signaling strong growth momentum. The organization ran a surplus of $37K, a strong 19% operating margin.

Mission

THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES. THE FOUNDATION'S GOAL IS TO PROVIDE FINANCIAL AND MEDICAL ASSISTANCE, EDUCATIONAL OUTREACH, PERFORMANCE OPPORTUNITIES, AND ARCHIVAL ACTIVITIES TO LEGENDARY PERFORMERS. THE FOUNDATION AIMS TO FOSTER PUBLIC RECOGNITION AND APPRECIATION - THROUGH GRANTS AND OTHER APPROPRIATE MEANS - TO THOSE MUSICAL ARTISTS WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS TO THE DEVELOPMENT AND ADVANCEMENT OF THE FORM OF MUSIC KNOWN AS RHYTHM & BLUES.

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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 $79

Program Service Revenue $0

Investment Income $197,813

Other Revenue $0

TOTAL REVENUE $197,892

Expense Breakdown

Grants Paid $96,670

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $96,670

Other Expenses $64,475

TOTAL EXPENSES $161,145

Year-over-Year Comparison

	2024	2023	Change
Revenue	$197,892	$19,263	+9.3%
Expenses	$161,145	$24,278	+5.6%
Net Income	$36,747	$-5,015	-8.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IRIS GORDY	DIRECTOR	1.00	Director	$0	$0	$0
JEFF HARLESTON	DIRECTOR	1.00	Director	$0	$0	$0
STEVE PAMON	BOARD CHAIR	1.00	Director	$0	$0	$0
OCTAVIUS TED REID	DIRECTOR	2.00	Director	$0	$0	$0
BRUCE RESNIKOFF	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDETTE ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
DAMON WILLIAMS	TREASURER&SE	3.00	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
2025	$197,892	$161,145	$4,304,896	$36,747
2024	$19,263	$24,278	$4,079,627	$-5,015

RHYTHM & BLUES FOUNDATION INC