THE REDBONE INC (EIN 650180140) - 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

1989

Legal Domicile

Principal Officer

Susan Ellis

Phone

3056648452

Tax Period

2025-01-01 to 2025-12-31

THE REDBONE INC, founded in 1989, is a micro nonprofit that reported $51K in total revenue in fiscal year 2025. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $60K exceeded revenue, resulting in a 17% operating deficit.

Mission

All activities for research and treatment of Cystic Fibrosis.

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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 (2025)

Revenue Breakdown

Contributions & Grants $16,877

Program Service Revenue $34,566

Investment Income $32

Other Revenue $0

TOTAL REVENUE $51,475

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $8,247

Fundraising Expenses $3,215

Program Expenses $52,645

Other Expenses $31,880

TOTAL EXPENSES $60,127

Year-over-Year Comparison

	2025	2024	Change
Revenue	$51,475	$116,536	-0.6%
Expenses	$60,127	$88,891	-0.3%
Net Income	$-8,652	$27,645	-1.3%

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

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

$8,400

Total Directors

$8,400

Key Employees

$3,600

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William N Fox	Director Asst. Secretary	2	Officer Director	$4,800	$0	$4,800
Susan Ellis	Executive Director Secretary-Treasurer	20	Officer Director Key Emp	$3,600	$0	$3,600
Graig Brewer	President	0	Officer Director	$0	$0	$0
Mike Myatt	Vice-president	0	Officer Director	$0	$0	$0
Marie Montgomery	Director	0	Director	$0	$0	$0
Nelson Padron	Director	0	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	$51,475	$60,127	$294,507	$-8,652
2023	$66,176	$68,268	$301,317	$-2,092
2022	$169,868	$169,266	$317,208	$602
2021	$317,067	$275,939	$328,639	$41,128
2020	$211,354	$210,678	$299,763	$676

THE REDBONE INC