RETHINK CHARITY

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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

SOON KHEN OW YONG

Phone

4242428810

Tax Period

2023-01-01 to 2023-12-31

RETHINK CHARITY, founded in 2018, is a micro nonprofit that reported $43K in total revenue in fiscal year 2023. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 2832% operating deficit.

Mission

RETHINK CHARITY'S MISSION IS TO ENCOURAGE EFFECTIVE ALTRUISM BY CREATING INITIATIVES THAT FACILITATE INTERPERSONAL ENGAGEMENT WITH THE OBJECTIVE OF EXPOSING THE WIDER PUBLIC TO ALTRUISM PROJECTS AND ENERGIZING THOSE ALREADY INVOLVED.

Program Service Accomplishments

Program 1

Expenses: $556,688

FISCALLY SPONSORING 2 PROJECTS IN 2023 TO FURTHER RETHINK CHARITY'S MISSION IN THE US AND ABROAD. PROCESSING GRANTS AND INDIVIDUAL CONTRIBUTIONS TO OUR MOSTLY MODEL C FISCAL SPONSEES.

Program 2

Expenses: $712,252

OUR REGRANTING PROGRAM AGGREGATES DONATIONS FROM FUNDRAISING CHARITIES (RETHINK CHARITY FOUNDATION IN CANADA) AND DISTRIBUTES THEM TO OTHER 501(C)(3) ORGANIZATIONS.

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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 $43,327

Program Service Revenue $23

Investment Income $0

Other Revenue $0

TOTAL REVENUE $43,350

Expense Breakdown

Grants Paid $1,232,267

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,268,940

Other Expenses $38,886

TOTAL EXPENSES $1,271,153

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,350	$7,614,193	-1.0%
Expenses	$1,271,153	$7,200,417	-0.8%
Net Income	$-1,227,803	$413,776	-4.0%

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

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
SOON KHEN OW YONG	EXECUTIVE DIRECTOR & PRESI	20.00	Officer Director	$0	$0	$0
BAXTER BULLOCK	TREASURER	20.00	Officer Director	$0	$0	$0
EDWARD PROKOP	SECRETARY	20.00	Officer Director	$0	$0	$0
THOMAS BARNETT	DIRECTOR	20.00	Director	$0	$0	$0
KALISTA BARTER	DIRECTOR	20.00	Director	$0	$0	$0
OZZIE GOOEN	DIRECTOR	20.00	Director	$0	$0	$0
ALEXANDER GORDON-BROWN	DIRECTOR	20.00	Director	$0	$0	$0
TRAVIS COOPER	DIRECTOR	20.00	Director	$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
2023	$43,350	$1,271,153	No data	$-1,227,803
2022	$7,614,193	$7,200,417	$1,207,505	$413,776
2021	$5,137,197	$5,195,050	$1,112,987	$-57,853
2020	$3,021,757	$3,415,499	$178,528	$-393,742
2019	$1,396,437	$976,126	$562,010	$420,311
2018	$246,221	$117,022	$131,699	$129,199