Refraction Inc (EIN 831426812) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

Rachael Stott

Phone

7037127565

Tax Period

2024-01-01 to 2024-12-31

Refraction Inc, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2019. The organization ran a surplus of $547K, a strong 42% operating margin.

Mission

Refraction is a nonprofit innovation hub, whose mission is to provide mentoring, programs, and workspace to startups and high-growth companies to help them grow and create jobs in the greater Washington, DC region.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,000

Program Service Revenue $616,894

Investment Income $24,749

Other Revenue $0

TOTAL REVENUE $646,643

Expense Breakdown

Grants Paid $0

Salaries & Benefits $297,939

Fundraising Expenses $4,687

Program Expenses $578,632

Other Expenses $372,987

TOTAL EXPENSES $670,926

Year-over-Year Comparison

	2024	2023	Change
Revenue	$646,643	$864,511	-0.3%
Expenses	$670,926	$927,011	-0.3%
Net Income	$-24,283	$-62,500	-0.6%

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

$183,476

Total Directors

$183,476

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rachael Stott	President & CEO	40.00	Officer Director	$100,360	$30,875	$131,235
Esther Lee	Treasurer	10.00	Officer Director	$42,613	$9,628	$52,241
James Quigley	Chairman	1.00	Officer Director	$0	$0	$0
Tien Wong	Secretary	1.00	Officer 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
2024	$646,643	$670,926	$1,035,622	$-24,283
2023	$864,511	$927,011	$1,062,855	$-62,500
2022	$1,160,860	$880,650	$1,150,126	$280,210
2021	$781,161	$675,217	$859,700	$105,944
2020	$321,943	$395,864	$765,515	$-73,921
2019	$1,310,035	$765,433	$556,923	$544,602
2019	$1,310,784	$763,678	$563,015	$547,106

Refraction Inc