RAINDROP FOUNDATION INC (EIN 760664313) - 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

2000

Legal Domicile

Principal Officer

DAVID MERAL

Phone

7139741412

Tax Period

2024-01-01 to 2024-12-31

RAINDROP FOUNDATION INC, founded in 2000, is a community nonprofit in the Education sector that reported $4.8M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $927K, a strong 19% operating margin.

Mission

The Raindrop Foundation, Inc (the Foundation) is a non-profit 501(c)(3) educational, charitable, social and cultural organization founded in 2000. The Foundation aims to cultivate friendship and promote understanding of diverse cultures through its unique services to the community.

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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 $3,553,373

Program Service Revenue $924,710

Investment Income $0

Other Revenue $306,176

TOTAL REVENUE $4,784,259

Expense Breakdown

Grants Paid $399,700

Salaries & Benefits $1,015,470

Fundraising Expenses $38,304

Program Expenses $3,227,875

Other Expenses $2,442,224

TOTAL EXPENSES $3,857,394

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,784,259	$6,103,046	-0.2%
Expenses	$3,857,394	$3,890,727	0.0%
Net Income	$926,865	$2,212,319	-0.6%

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

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

$75,729

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ISHAK KARATAY	CHAIRMAN	0.50	Director	$0	$0	$0
ALPEREN TAS	SECRETARY	0.50	Director	$0	$0	$0
MUSTAFA ARSLAN	BOARD MEMBER	0.50	Director	$0	$0	$0
MUHSINE AYKAC	BOARD MEMBER	0.50	Director	$0	$0	$0
RAMAZAN OZCELIK	BOARD MEMBER	0.50	Director	$0	$0	$0
BEYZA AKIN	BOARD MEMBER	0.50	Director	$0	$0	$0
SEHER ALPASLAN	BOARD MEMBER	0.50	Director	$0	$0	$0
UFUK SEN	BOARD MEMBER	0.50	Director	$0	$0	$0
UKBE AYTAC	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID MERAL	CEO	40.00	Officer	$75,729	$0	$75,729

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	$4,784,259	$3,857,394	$15,635,961	$926,865
2023	$6,103,046	$3,890,727	$16,115,912	$2,212,319
2022	$5,959,747	$3,705,272	$13,876,309	$2,254,475
2021	$3,893,004	$2,676,518	$11,834,619	$1,216,486
2020	$2,130,496	$2,344,435	$11,714,066	$-213,939
2020	$2,130,496	$2,391,539	$11,714,066	$-261,043
2019	$1,937,401	$1,869,602	$8,475,490	$67,799
2018	$2,566,373	$2,384,932	$12,162,249	$181,441
2018	$2,414,628	$2,388,944	$11,375,016	$25,684
2017	$4,453,378	$4,116,047	$12,322,005	$337,331
2017	$3,554,216	$3,267,493	$12,945,810	$286,723

RAINDROP FOUNDATION INC