REDF (EIN 542132153) - 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

2003

Legal Domicile

Principal Officer

MARIA KIM

Phone

4155616677

Tax Period

2024-01-01 to 2024-12-31

REDF, founded in 2003, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $21.7M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $28.5M exceeded revenue, resulting in a 31% operating deficit.

Mission

REDF IS A NON-PROFIT ORGANIZATION THAT SUPPORTS EMPLOYMENT SOCIAL ENTERPRISES (ESES): BUSINESSES THAT SEEK NOT ONLY FINANCIAL RESULTS, BUT ALSO TO CREATE JOBS, STABILITY, AND ECONOMIC MOBILITY FOR PEOPLE OVERCOMING THE TOUGHEST BARRIERS TO EMPLOYMENT.REDF'S SUPPORT FOR ESES IS LARGELY IN THREE FORMS: (I) CAPITAL (INCLUDING GRANTS, LOANS, AND ACCESS TO PUBLIC CONTRACTS); (II) CAPACITY BUILDING (TARGETED TECHNICAL ASSISTANCE IN KEY CAPABILITIES SUCH AS BUSINESS MODELING, PROGRAM DESIGN, OPERATIONS, TALENT, AND FUNDRAISING); AND (III) COMMUNITY PEER-TO-PEER LEARNING AND ENGAGEMENT.BY ADVANCING BUSINESSES THAT HIRE THOSE WHO FACE SIGNIFICANT HURDLES FOR EMPLOYMENT, REDF UTILIZES AN EVIDENCE-BASED SOLUTION THAT HELPS INDIVIDUALS OVERCOME TOUGH BARRIERS AND RETURN TO WORK, INCREASING HOUSING STABILITY AND REDUCING UTILIZATION OF GOVERNMENT BENEFITS AS THEY BUILD ECONOMIC POWER.

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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 $20,734,451

Program Service Revenue $578,333

Investment Income $405,220

Other Revenue $5,600

TOTAL REVENUE $21,723,604

Expense Breakdown

Grants Paid $5,649,379

Salaries & Benefits $13,840,860

Fundraising Expenses $1,438,730

Program Expenses $22,744,960

Other Expenses $9,007,124

TOTAL EXPENSES $28,497,363

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,723,604	$28,015,674	-0.2%
Expenses	$28,497,363	$24,534,021	+0.2%
Net Income	$-6,773,759	$3,481,653	-2.9%

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

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

$1,001,348

Total Directors

$106,825

Key Employees

$278,722

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE R ROBERTS	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
STUART DAVIDSON	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
PHILLIP ESTES	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
DAN ROSE	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
HARRIS BARTON	BOARD MEMBER	1.00	Director	$0	$0	$0
BONNIE BOSWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH YA FERGUSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHET P HEWITT	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLA JAVITS	BOARD MEMBER / SENIOR ADVISOR	16.00	Director	$102,716	$4,109	$106,825
CHIEF MACK JENKINS RET	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTIN LAUBER	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN NOLAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS ODONNELL	BOARD MEMBER	1.00	Director	$0	$0	$0
ELENA QUINTANA	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSE ROGERS	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
COURTNEY WELTON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIA KIM	PRESIDENT & CEO	40.00	Officer	$351,125	$27,955	$379,080
DAVID SAMUELS	CHIEF FINANCIAL & ADMIN OFFICER	40.00	Officer	$272,752	$36,864	$309,616
CARRIE MCKELLOGG	CHIEF PROGRAM OFFICER	16.00	Officer	$264,857	$47,795	$312,652
JO'VION GREER	VP, DEVELOPMENT & MARKETING & COMMS	40.00	Key Emp	$251,725	$26,997	$278,722
PETER LIPPMAN	SR. DIRECTOR, FINANCE & ACCOUNTING	16.00	Highest	$224,654	$32,049	$256,703
KAREN CHERN ZANGLE	SENIOR DIRECTOR, PROGRAMS	40.00	Highest	$194,165	$8,615	$202,780
BRIAN WILLIAMS	DIRECTOR, HUMAN RESOURCES	40.00	Highest	$192,871	$42,890	$235,761
GREGORY ERICKSEN	DIRECTOR, GOVT PARTNERSHIPS & POLICY	40.00	Highest	$192,694	$41,003	$233,697
EMILIE LINICK	SENIOR DIRECTOR, IMPACT LENDING	40.00	Highest	$212,814	$26,614	$239,428

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	$21,723,604	$28,497,363	$40,181,020	$-6,773,759
2023	$28,015,674	$24,534,021	$46,675,536	$3,481,653
2022	$17,800,426	$19,077,367	$42,983,739	$-1,276,941
2021	$11,565,051	$14,009,216	$41,522,686	$-2,444,165
2020	$81,494,048	$62,293,612	$44,875,220	$19,200,436
2019	$11,604,138	$15,998,993	$24,134,231	$-4,394,855
2018	$10,068,536	$13,242,578	$29,183,580	$-3,174,042

REDF