XR ASSOCIATION (EIN 822433055) - 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

ELIZABETH HYMAN

Phone

2025779570

Tax Period

2020-01-01 to 2020-12-31

XR ASSOCIATION, founded in 2016, is a small nonprofit that reported $876K in total revenue in fiscal year 2020. Revenue fell 54% from the prior year — a significant decline worth monitoring.

Mission

TO PROMOTE RESPONSIBLE DEVELOPMENT AND ADOPTION OF VIRTUAL AND AUGMENTED REALITY GLOBALLY WITH BEST PRACTICES, DIALOGUE ACROSS STAKEHOLDERS, AND RESEARCH.

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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 (2020)

Revenue Breakdown

Contributions & Grants $875,000

Program Service Revenue $0

Investment Income $536

Other Revenue $0

TOTAL REVENUE $875,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $445,014

Fundraising Expenses $0

Other Expenses $483,390

TOTAL EXPENSES $928,404

Year-over-Year Comparison

	2020	2019	Change
Revenue	$875,536	$1,913,386	-0.5%
Expenses	$928,404	$630,845	+0.5%
Net Income	$-52,868	$1,282,541	-1.0%

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

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

$305,719

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBBIE GIROLAMO	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
MARC METIS	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$0	$0
RILEY R RUSSELL	TREASURER/DIRECTOR	1.00	Officer Director	$0	$0	$0
HEIDI HOLMAN	DIRECTOR	1.00	Director	$0	$0	$0
LUIS JIMENEZ	DIRECTOR	1.00	Director	$0	$0	$0
AMY FOX	PRESIDENT (FORMER)	1.00	Officer Director	$0	$0	$0
ELIZABETH HYMAN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$271,058	$34,661	$305,719

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
2020	$875,536	$928,404	No data	$-52,868
2019	$1,913,386	$630,845	$3,231,532	$1,282,541

XR ASSOCIATION