RIGGS EMPLOYEE'S FUND

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

JASON MCDONALD

Phone

5015703519

Tax Period

2024-01-01 to 2024-12-31

RIGGS EMPLOYEE'S FUND, founded in 1986, is a small nonprofit that reported $343K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

MAKE CHARITABLE DONATIONS, PROVIDE SCHOLARSHIPS AND OTHER DONATIONS AS WELL AS PROVIDE EMPLOYEE HARDSHIP ASSISTANCE.

Program Service Accomplishments

Program 1

Expenses: $275,285

CHARITABLE CONTRIBUTIONS ARE MADE TO OTHER CHARITABLE ORGANIZATIONS AND CAUSES

Program 2

Expenses: $29,108

EMPLOYEE ASSISTANCE

Program 3

Expenses: $38,805

GRANTED EDUCATIONAL SCHOLARSHIPS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $341,094

Program Service Revenue $0

Investment Income $2,078

Other Revenue $0

TOTAL REVENUE $343,172

Expense Breakdown

Grants Paid $343,198

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $343,198

Other Expenses $1,860

TOTAL EXPENSES $345,058

Year-over-Year Comparison

	2024	2023	Change
Revenue	$343,172	$291,546	+0.2%
Expenses	$345,058	$275,198	+0.3%
Net Income	$-1,886	$16,348	-1.1%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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	Role	Reportable Comp	Other Comp	Total
MICHAEL BURKS	TRUSTEE	Director	$0	$0	$0
JASON MCDONALD	CHAIRMAN	Officer Director	$0	$0	$0
JUSTIN MONROE	TRUSTEE	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	No data	No data	No data	No data
2024	$343,172	$345,058	$234,277	$-1,886
2023	$291,546	$275,198	$236,163	$16,348
2022	$213,001	$238,494	$219,815	$-25,493
2021	$190,961	$203,317	$245,308	$-12,356
2020	$193,651	$238,083	$257,664	$-44,432
2019	$201,909	$193,265	$302,096	$8,644
2018	$214,368	$191,709	$293,452	$22,659