Resources for the Future Inc (EIN 530220900) - 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

1952

Legal Domicile

Principal Officer

William Pizer

Phone

2023285000

Tax Period

2023-10-01 to 2024-09-30

Resources for the Future Inc, founded in 1952, is a mid-sized nonprofit in the Environment sector that reported $16.9M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Net assets of $62.2M represent 44 months of operating reserves.

Mission

To improve environmental, energy, and natural resource decisions through impartial economic research and policy engagement.

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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 (2023)

Revenue Breakdown

Contributions & Grants $14,454,636

Program Service Revenue $0

Investment Income $2,686,248

Other Revenue $-265,669

TOTAL REVENUE $16,875,215

Expense Breakdown

Grants Paid $162,000

Salaries & Benefits $12,740,003

Fundraising Expenses $1,488,669

Program Expenses $13,414,309

Other Expenses $5,174,581

TOTAL EXPENSES $18,076,584

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,875,215	$13,736,994	+0.2%
Expenses	$18,076,584	$17,236,786	+0.0%
Net Income	$-1,201,369	$-3,499,792	-0.7%

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

$2,038,018

Total Directors

$951,216

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan F Tierney	Chair of the Board	1.00	Director	$0	$0	$0
Robert N Stavins	Vice Chair of the Board	1.00	Director	$0	$0	$0
Peter Kagan	Chair, Investment Cmte.	1.00	Director	$0	$0	$0
Kyung-Ah Park	Chair, Audit & Compliance Cmte.	1.00	Director	$0	$0	$0
W Bowman Cutter	Chair Emeriti	1.00	Director	$0	$0	$0
Richard Schmalensee	Chair Emeriti	1.00	Director	$0	$0	$0
Vicky A Bailey	Board Director	1.00	Director	$0	$0	$0
Jay Bartlett	Board Director	1.00	Director	$0	$0	$0
Janet Clark	Board Director	1.00	Director	$0	$0	$0
James Connaughton	Board Director	1.00	Director	$0	$0	$0
H Russell Frisby	Board Director	1.00	Director	$0	$0	$0
Jonathan Garfinkel	Board Director	1.00	Director	$0	$0	$0
Paula Glover	Board Director	1.00	Director	$0	$0	$0
Glenn Hubbard	Board Director	1.00	Director	$0	$0	$0
Barbara Kates-Garnick	Board Director	1.00	Director	$0	$0	$0
Jeff Luse	Board Director	1.00	Director	$0	$0	$0
Mary Landrieu	Board Director	1.00	Director	$0	$0	$0
William Pate	Board Director	1.00	Director	$0	$0	$0
Hilda Pinnix-Ragland	Board Director	1.00	Director	$0	$0	$0
Jonathan Silver	Board Director	1.00	Director	$0	$0	$0
Christopher Smith	Board Director	1.00	Director	$0	$0	$0
Ramya Swaminathan	Board Director	1.00	Director	$0	$0	$0
Laura Taylor	Board Director	1.00	Director	$0	$0	$0
Catherine Wolfram	Board Director	1.00	Director	$0	$0	$0
Richard G Newell	President & CEO (OCT-APR)	35.00	Officer Director	$431,901	$64,118	$496,019
William Pizer	President & CEO (MAY-SEPT)	35.00	Officer Director	$384,790	$70,407	$455,197
Thomas Wrenn	Chief of Staff	35.00	Officer	$170,801	$18,819	$189,620
Carolyn Mollen	VP, Fin. & Admin.	35.00	Officer	$281,550	$51,307	$332,857
Kristina Gawrgy	VP, Communications	35.00	Officer	$226,850	$35,944	$262,794
Shannon Wulf Tregar	VP, Dev. & Inst. Strategy	35.00	Officer	$263,137	$38,394	$301,531
Alan Krupnick	Senior Fellow	35.00	Highest	$299,851	$59,962	$359,813
Karen Palmer	Senior Fellow	35.00	Highest	$263,602	$63,783	$327,385
James Boyd	Senior Fellow	35.00	Highest	$268,370	$44,947	$313,317
Dennis Burtraw	Senior Fellow	35.00	Highest	$251,710	$58,269	$309,979
Margaret Walls	Senior Fellow	35.00	Highest	$257,727	$42,976	$300,703

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	$16,875,215	$18,076,584	$85,903,959	$-1,201,369
2023	$13,736,994	$17,236,786	$81,861,351	$-3,499,792
2022	$13,028,201	$16,004,588	$81,880,139	$-2,976,387
2022	$13,028,201	$16,004,588	$81,880,139	$-2,976,387
2021	$15,530,673	$15,342,319	$93,492,158	$188,354
2020	$15,471,020	$15,524,550	$87,643,116	$-53,530
2020	$15,471,020	$15,524,550	$87,643,116	$-53,530
2019	$9,153,096	$14,744,180	$83,427,208	$-5,591,084
2018	$12,736,264	$14,303,137	$87,405,036	$-1,566,873

Resources for the Future Inc