KATHERINE RAE IARUSSI FOUNDATION (EIN 824796617) - 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

2018

Legal Domicile

Principal Officer

BRENDA IARUSSI

Phone

3302565995

Tax Period

2020-01-01 to 2020-12-31

KATHERINE RAE IARUSSI FOUNDATION, founded in 2018, is a micro nonprofit in the Education sector that reported $8K in total revenue in fiscal year 2020. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $10K exceeded revenue, resulting in a 37% operating deficit.

Mission

TO FURTHER HIGHER EDUCATION THROUGH SCHOLARSHIPS

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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 $19,280

Program Service Revenue $0

Investment Income $74

Other Revenue $-11,690

TOTAL REVENUE $7,664

Expense Breakdown

Grants Paid $9,580

Salaries & Benefits $0

Fundraising Expenses $891

Program Expenses $9,550

Other Expenses $891

TOTAL EXPENSES $10,471

Year-over-Year Comparison

	2020	2019	Change
Revenue	$7,664	$10,207	-0.2%
Expenses	$10,471	$9,980	+0.0%
Net Income	$-2,807	$227	-13.4%

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

N/A

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA IARUSSI	VICE PRESIDENT AND TRUSTEE	5.00	Officer	$0	$0	$0
RALPH IARUSSI	TRUSTEE	5.00		$0	$0	$0
MCKENZIE IARUSSI	TRUSTEE	5.00		$0	$0	$0
KIRSTEN STONER	TRUSTEE	5.00		$0	$0	$0
MARK MOORE	PRESIDENT	3.00	Officer	$0	$0	$0
RYAN POLAND	CO TREASURER	3.00	Officer	$0	$0	$0
SHANA VARNER	CO TREASURER	5.00	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
2020	$7,664	$10,471	$37,211	$-2,807
2019	$10,207	$9,980	$40,018	$227
2018	$54,884	$15,093	$39,791	$39,791

KATHERINE RAE IARUSSI FOUNDATION