RUNNING ELEMENTS FOUNDATION INC

EIN: 821610406 501(c)(3)

NEW SMYRNA BEACH, FL

Total Revenue
$976
Total Expenses
$1,220
Total Assets
$1,233
Net Assets
$1,233
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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
Principal Officer
KENNETH BOHANNON ESQUIRE
Phone
8134809189
Tax Period
2022-01-01 to 2022-12-31

RUNNING ELEMENTS FOUNDATION INC, founded in 2017, is a micro nonprofit that reported $976 in total revenue in fiscal year 2022. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $1K exceeded revenue, resulting in a 25% operating deficit.

Mission

PROMOTE ACTIVE LIVING OPPORTUNITIES FOR THE COMMUNITY THROUGH EVENTS, EDUCATION, AND PARTNERSHIPS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $976
Investment Income $0
Other Revenue $0
TOTAL REVENUE $976

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,220
Other Expenses $1,220
TOTAL EXPENSES $1,220

Year-over-Year Comparison

2022 2021 Change
Revenue $976 $644 +0.5%
Expenses $1,220 $547 +1.2%
Net Income $-244 $97 -3.5%
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
2
Independent Members
2
Employees
N/A
Volunteers
2

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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG RUFFIN PRESIDENT N/A
Officer
$0 $0 $0
MICHAEL BERARD VICE PRESIDE N/A
Officer
$0 $0 $0
DR LENORA FORSYTHE SECRETARY N/A
Officer
$0 $0 $0
KENNETH BOHANNON ESQUIRE ATTORNEY N/A
Officer
$0 $0 $0
KATRINA GUEVARA ADMINISTRATO N/A
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
2022 $976 $1,220 $1,233 $-244
2021 $644 $547 $1,477 $97
2020 $4,836 $3,888 $1,380 $948
2019 $38,491 $39,091 $432 $-600
2018 $50,108 $50,508 $1,032 $-400
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