RUSSELL FAMILY FOUNDATION (EIN 814827883) - 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

2016

Legal Domicile

Principal Officer

RICHARD L DEVORE

Phone

3139616675

Tax Period

2023-01-01 to 2023-12-31

RUSSELL FAMILY FOUNDATION, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $328K in total revenue in fiscal year 2023. Expenses of $311K left a modest 5% surplus.

Mission

SUPPORTED CHARITABLE ORGANIZATIONS AND ACTIVITIES THROUGH THE AWARDING OF 8 GRANTS TO 8 DIFFERENT ORGANIZATIONS TOTALING $283,334, IMPACTING THE LOCAL 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 (2023)

Revenue Breakdown

Contributions & Grants $16

Program Service Revenue $0

Investment Income $327,893

Other Revenue $0

TOTAL REVENUE $327,909

Expense Breakdown

Grants Paid $283,334

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $283,334

Other Expenses $27,793

TOTAL EXPENSES $311,127

Year-over-Year Comparison

	2023	2022	Change
Revenue	$327,909	$327,193	+0.0%
Expenses	$311,127	$387,119	-0.2%
Net Income	$16,782	$-59,926	-1.3%

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

$969,485

Total Directors

$690,131

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD L DEVORE	PRESIDENT AND SECRETARY	0.50	Officer Director	$0	$51,905	$690,131
JOHN G RUSSELL	CHAIR	0.50	Officer Director	$0	$0	$0
KENNETH WHIPPLE	TREASURER	0.50	Officer Director	$0	$0	$0
MARGARET A RUSSELL	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DAVID B KORTE	DIRECTOR	0.50	Director	$0	$0	$0
MARK P RUSSELL	DIRECTOR	0.50	Director	$0	$0	$0
PAUL C HILLEGONDS	DIRECTOR	0.50	Director	$0	$0	$0
JENILYN NORMAN	VP, FINANCE AND ADMINISTRATION	0.50	Officer	$0	$34,646	$279,354

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	No data	No data	No data	No data
2023	$327,909	$311,127	$5,960,629	$16,782
2022	$327,193	$387,119	$5,295,643	$-59,926
2021	$196,791	$320,582	$6,643,849	$-123,791
2020	$-108,728	$222,635	$5,925,605	$-331,363

RUSSELL FAMILY FOUNDATION