ERIC'S RIDE INC

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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

2017

Legal Domicile

Principal Officer

MALCOLM S DORRIS

Phone

2126983519

Tax Period

2023-01-01 to 2023-12-31

ERIC'S RIDE INC, founded in 2017, is a small nonprofit in the Health Care sector that reported $351K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

Mission

TO RAISE FUNDS FOR MCLEAN HOSPITAL TO HELP ACCELERATE THE PROGRESS BEING MADE TO HELP THOSE WHO SUFFER FROM MENTAL ILLNESS

Program Service Accomplishments

Program 1

Expenses: $356,600 Revenue: $271,902

THE ORGANIZATION SPONSORS THE RIDE FOR MENTAL HEALTH TO SUPPORT MCLEAN HOSPITAL, A HARVARD MEDICAL SCHOOL AFFILIATE, FOR THE EDUCATION, RESEARCH AND TREATMENT OF MENTAL ILLNESS, INCLUDING ANXIETY...

THE ORGANIZATION SPONSORS THE RIDE FOR MENTAL HEALTH TO SUPPORT MCLEAN HOSPITAL, A HARVARD MEDICAL SCHOOL AFFILIATE, FOR THE EDUCATION, RESEARCH AND TREATMENT OF MENTAL ILLNESS, INCLUDING ANXIETY, BORDERLINE PERSONALITY DISORDER, DEPRESSION, EATING DISORDERS AND SUBSTANCE ABUSE.

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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 $75,389

Program Service Revenue $271,902

Investment Income $3,915

Other Revenue $0

TOTAL REVENUE $351,206

Expense Breakdown

Grants Paid $215,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $356,600

Other Expenses $147,769

TOTAL EXPENSES $362,769

Year-over-Year Comparison

	2023	2022	Change
Revenue	$351,206	$412,804	-0.1%
Expenses	$362,769	$409,122	-0.1%
Net Income	$-11,563	$3,682	-4.1%

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

125

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
MALCOLM S DORRIS	PRESIDENT & CEO	5.00	Officer	$0	$0	$0
R MONROE DORRIS	VICE PRESIDENT & COO	5.00	Officer	$0	$0	$0
VIRGINIA K DORRIS	SECRETARY & TREASURER	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	No data	No data	No data	No data
2023	$351,206	$362,769	$8,414	$-11,563
2022	$412,804	$409,122	$23,986	$3,682
2021	$392,362	$365,838	$28,458	$26,524
2020	$245,862	$256,986	$23,765	$-11,124
2019	$310,562	$281,353	$34,888	$29,209
2018	$197,972	$199,809	$5,678	$-1,837