REALMS OF INQUIRY (EIN 742384140) - 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

1972

Legal Domicile

Principal Officer

PETER WESTMAN

Phone

8014675911

Tax Period

2024-07-01 to 2025-06-30

REALMS OF INQUIRY, founded in 1972, is a small nonprofit in the Education sector that reported $300K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $388K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO OPERATE A SCHOOL FOR BRIGHT AND GIFTED STUDENTS BY SUPPORTING STUDENTS COGNITIVE, PHYSICAL, EMOTIONAL AND SPIRITUAL GROWTH. THE SCHOOL IS A NINE-MONTH PROGRAM ON VARIOUS SCHEDULES WITH CLASSES HELD MONDAY THROUGH FRIDAY.

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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 $12,097

Program Service Revenue $256,376

Investment Income $1,281

Other Revenue $30,038

TOTAL REVENUE $299,792

Expense Breakdown

Grants Paid $0

Salaries & Benefits $166,665

Fundraising Expenses $17,398

Program Expenses $326,829

Other Expenses $221,112

TOTAL EXPENSES $387,777

Year-over-Year Comparison

	2024	2023	Change
Revenue	$299,792	$448,232	-0.3%
Expenses	$387,777	$385,460	+0.0%
Net Income	$-87,985	$62,772	-2.4%

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

$72,472

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER WESTMAN	EXECUTIVE DI	40.00	Officer	$64,975	$0	$64,975
KARRI VAN TONGEREN	SECRETARY/TR	5.00	Officer	$7,497	$0	$7,497
SHIRLENE BASTAR	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS EDWARDS	TREASURER	1.00	Officer Director	$0	$0	$0
NICHOLAS JACKSON	CHAIR	1.00	Officer Director	$0	$0	$0
ANTONIA SEARS	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEX SPEARS	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON WEAVER	BOARD MEMBER	1.00	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	$299,792	$387,777	$129,361	$-87,985
2024	$448,232	$385,460	$245,519	$62,772
2023	$299,222	$346,859	$162,742	$-47,637
2022	$424,324	$416,940	$196,579	$7,384
2021	$492,072	$451,332	$193,317	$40,740
2020	$296,154	$417,820	$177,105	$-121,666
2019	$578,053	$479,229	$249,116	$98,824
2018	$481,681	$422,760	$147,938	$58,921

REALMS OF INQUIRY