Recreation Enhances Community Foundation REC Foundation (EIN 770537083) - 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

Kathleen O'Connor

Phone

8052383940

Tax Period

2024-01-01 to 2024-12-31

Recreation Enhances Community Foundation REC Foundation, founded in 2000, is a small nonprofit in the Recreation & Sports sector that reported $553K in total revenue in fiscal year 2024. Revenue surged 110% from the prior year, signaling strong growth momentum. Expenses of $733K exceeded revenue, resulting in a 32% operating deficit.

Mission

REC Foundation is a non-profit, fundraising corporation committed to creating enhanced programs, places and open spaces for quality recreational experiences in Paso Robles.

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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 $8,680

Program Service Revenue $128,353

Investment Income $416,394

Other Revenue $0

TOTAL REVENUE $553,427

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $724,400

Other Expenses $733,211

TOTAL EXPENSES $733,211

Year-over-Year Comparison

	2024	2023	Change
Revenue	$553,427	$263,062	+1.1%
Expenses	$733,211	$162,586	+3.5%
Net Income	$-179,784	$100,476	-2.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brandon Medeiros	Honorary	0.50	Director	$0	$0	$0
VERONICA KRAL	Director	0.50	Director	$0	$0	$0
DANNA STROUD	Director	0.50	Director	$0	$0	$0
MIKE RUNDSTROM	Director	0.50	Director	$0	$0	$0
ROSE O SULLIVAN	VICE CHAIRIMAN	0.50	Director	$0	$0	$0
Kathleen O'Connor	Treasurer	1.50	Officer	$0	$0	$0
Pat Bland	Secretary	0.50	Officer	$0	$0	$0
CINDY PAUP	vice Chair	0.50	Officer	$0	$0	$0
CHRISTOPHER TARANTO	Chairman	2.00	Officer	$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
2024	$553,427	$733,211	$1,937,170	$-179,784
2023	$263,062	$162,586	$2,116,954	$100,476
2022	$238,953	$187,575	$2,016,478	$51,378
2021	$192,312	$66,683	$1,965,100	$125,629
2020	$158,049	$267,364	$1,839,471	$-109,315
2019	$232,044	$254,219	$1,948,786	$-22,175
2018	$214,837	$216,569	$1,970,961	$-1,732

Recreation Enhances Community Foundation REC Foundation