RUSH ENTERPRISES FOUNDATION

EIN: 814738117 501(c)(3) Philanthropy & Grantmaking

NEW BRAUNFELS, TX

Total Revenue
$180,066
Total Expenses
$176,150
Total Assets
$348,827
Net Assets
$348,827
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
TX
Principal Officer
JAY HASELWOOD
Phone
8306265305
Tax Period
2025-01-01 to 2025-12-31

RUSH ENTERPRISES FOUNDATION, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $180K in total revenue in fiscal year 2025. Revenue fell 76% from the prior year — a significant decline worth monitoring.

Mission

RUSH ENTERPRISES FOUNDATION WILL PROVIDE FINANCIAL SCHOLARSHIPS TO CHILDREN OF EMPLOYEES, MEDICAL, AND SIMILAR FINANCIAL SUPPORT TO EMPLOYEES OF RUSH ENTERPRISES, INC. WHO DEMONSTRATE FINANCIAL NEED BECAUSE OF AN UNFORSEEN HARDSHIP INCLUDING, WITHOUT LIMITATION, PROPERTY DAMAGE TO THE EMPLOYEE'S PRIMARY RESIDENCE FROM FIRE OR NATURAL DISASTER, DEATH OF AN IMMEDIATE FAMILY MEMBER, EXCESSIVE MEDICAL EXPENSES OR LOSS OF INCOME DUE TO ILLNESS OR INJURY. RUSH ENTERPRISES FOUNDATION WILL PROVIDE SCHOLARSHIPS TO CHILDREN OF EMPLOYEES WHO DOMONSTRATE FINANCIAL NEED IN ORDER TO CONTINUE THEIR EDUCATION.THE ORGANIZATION WILL COLLABORATE WITH, AND MAY DONATE FUNDS TO, OTHER NON-PROFIT ORGANIZATIONS THAT ARE OPERATED EXCLUSIVELY FOR CHARITABLE AND SCHOLARSHIP PURPOSES.

Program Service Accomplishments

Program 1
Expenses: $175,150

THE FOUNDATION PROVIDES SUPPORT TO EMPLOYEES OF RUSH ENTERPRISES, INC. WHO DEMONSTRATE FINANCIAL NEED BECAUSE OF AN UNFORESEEN HARDSHIP INCLUDING, WITHOUT LIMITATION, PROPERTY DAMAGE TO THE...

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THE FOUNDATION PROVIDES SUPPORT TO EMPLOYEES OF RUSH ENTERPRISES, INC. WHO DEMONSTRATE FINANCIAL NEED BECAUSE OF AN UNFORESEEN HARDSHIP INCLUDING, WITHOUT LIMITATION, PROPERTY DAMAGE TO THE EMPLOYEE'S PRIMARY RESIDENCE FROM FIRE OR NATURAL DISASTER, DEATH OF AN IMMEDIATE FAMILY MEMBER, EXCESSIVE MEDICAL EXPENSES OR LOSS OF INCOME DUE TO ILLNESS OR INJURY. THE FOUNDATION ALSO PROVIDES SCHOLARSHIPS TO CHILDREN OF EMPLOYEES WHO DEMONSTRATE FINANCIAL NEED IN ORDER TO CONTINUE THEIR EDUCATION.

Program 2
Expenses: $1,000

THE FOUNDATION MAY PROVIDE SUPPORT TO OTHER 501C3 ORGANIZATIONS WHO DEMONSTRATE FINANCIAL NEED AND HAVE MISSIONS THAT ARE SIMILAR TO THOSE OF THIS ORGANIZATION.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $180,066
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $180,066

Expense Breakdown

Grants Paid $176,150
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $176,150
Other Expenses $0
TOTAL EXPENSES $176,150

Year-over-Year Comparison

2025 2024 Change
Revenue $180,066 $749,452 -0.8%
Expenses $176,150 $731,195 -0.8%
Net Income $3,916 $18,257 -0.8%
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

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Governance

Voting Members
5
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
5
$4,356,378
Total Directors
5
$4,356,378
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN L KELLER PRESIDENT 1.00
Officer Director
$0 $0 $1,208,318
MICHAEL GOLDSTONE SECRETARY 1.00
Officer Director
$0 $0 $802,697
JAY HASELWOOD TREASURER 1.00
Officer Director
$0 $0 $525,978
JASON WILDER DIRECTOR 1.00
Officer Director
$0 $0 $1,171,867
ROBERT MCLEMORE DIRECTOR 1.00
Officer Director
$0 $0 $647,518
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 $180,066 $176,150 $348,827 $3,916
2024 $749,452 $731,195 $344,911 $18,257
2023 $295,731 $169,993 $326,654 $125,738
2022 $187,481 $130,517 $200,916 $56,964
2021 $134,542 $88,750 $143,952 $45,792
2020 $106,066 $85,128 $98,160 $20,938
2019 $118,755 $148,754 $77,222 $-29,999
2018 $108,551 $77,105 $107,222 $31,446
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