RHETT SULLIVAN FOUNDATION (EIN 831464512) - 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

TYLER SULLIVAN

Phone

9402421095

Tax Period

2024-01-01 to 2024-12-31

RHETT SULLIVAN FOUNDATION, founded in 2018, is a small nonprofit in the Human Services sector that reported $296K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $211K, a strong 72% operating margin.

Mission

THE RHETT SULLIVAN FOUNDATION IS A NON PROFIT FOUNDATION THAT AIDS FAMILIES WHO EXPERIENCE UNEXPECTED EARLY CHILD LOSS, WITH FINANCIAL ASSISTANCE, GRIEF SUPPORT AND RESOURCES. THE LOSS OF A YOUNG CHILD IS TRAUMATIC AND TOUCHES MANY FAMILIES WITHIN OUR COMMUNITY. OUR GOAL IS TO PROVIDE RELIEF IN THEIR TIME OF NEED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $288,352

Program Service Revenue $0

Investment Income $7,337

Other Revenue $0

TOTAL REVENUE $295,689

Expense Breakdown

Grants Paid $74,434

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $78,373

Other Expenses $9,790

TOTAL EXPENSES $84,224

Year-over-Year Comparison

	2024	2023	Change
Revenue	$295,689	$188,541	+0.6%
Expenses	$84,224	$142,325	-0.4%
Net Income	$211,465	$46,216	+3.6%

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

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
SABLE GOYNEA	BOARD MEMBER	5.00	Director	$0	$0	$0
JULIE FISCHER	BOARD MEMBER	5.00	Director	$0	$0	$0
LORI SANDERS	SECRETARY	10.00	Officer Director	$0	$0	$0
JONATHAN RYAN SULLIVAN	VICE PRESIDENT/TREASURER	10.00	Officer Director	$0	$0	$0
TYLER SULLIVAN	EXECUTIVE DIRECTOR/PRESIDENT	20.00	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	$295,689	$84,224	$613,988	$211,465
2023	$188,541	$142,325	$404,295	$46,216
2022	$206,005	$104,252	$358,079	$101,753
2021	$229,069	$112,410	$256,326	$116,659

RHETT SULLIVAN FOUNDATION