RHEDCLOUD FOUNDATION INC (EIN 833944102) - 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

2019

Principal Officer

JOHN E CONNERAT

Phone

4702030176

Tax Period

2022-09-01 to 2023-08-31

RHEDCLOUD FOUNDATION INC, founded in 2019, is a micro nonprofit that reported $247 in total revenue in fiscal year 2022. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $27K exceeded revenue, resulting in a 10837% operating deficit.

Mission

THE PRIMARY ACTIVITIES OF RHEDCLOUD FOUNDATION INC. (THE "FOUNDATION") ARE RESEARCH AND EDUCATION. THE "RHED" IN THE FOUNDATION'S NAME STANDS FOR RESEARCH, HEALTHCARE AND HIGHER EDUCATION. THE FOUNDATION'S ACTIVITIES ARE FOCUSED ON ADVANCING RESEARCH, HEALTHCARE AND HIGHER EDUCATION CLOUD COMPUTING WITH ENHANCED SECURITY, COMPLIANCE AND INTEGRATION. EVERY USER AND PROVIDER OF THE CLOUD HAS A NEED TO ASSESS RISK AND SPECIFY CONTROLS FOR SERVICES IN CLOUD PLATFORMS. THE FOUNDATION'S ACTIVITIES WILL ASSIST IN SOLVING THE COMMON ISSUES AMONGST CLOUD USERS AND PROVIDERS. SUCH ISSUES INCLUDE: (1) SECURITY MEASURES FOR VARIOUS COMPLIANCE REQUIREMENTS THROUGH RISK ASSESSMENTS AND COUNTERMEASURES; (2) COMMON IMPLEMENTATION OF SECURITY MEASURES IN AN EXTENSIBLE FRAMEWORK; AND (3) THE PROVISIONING, INTEGRATION, AND ADMINISTRATION OF SUCH SYSTEMS INTO THE FRAMEWORK OR STRUCTURE OF THE BUSINESS. THE FOUNDATION'S ACTIVITIES WILL BENEFIT A WIDE RANGE OF INDIVIDUALS AND ENTITIES, INCLUDING HIGHER EDUC

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $247

Other Revenue $0

TOTAL REVENUE $247

Expense Breakdown

Grants Paid $17,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,776

Other Expenses $10,015

TOTAL EXPENSES $27,015

Year-over-Year Comparison

	2022	2021	Change
Revenue	$247	$10,259	-1.0%
Expenses	$27,015	$10,743	+1.5%
Net Income	$-26,768	$-484	+54.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON ARMBRUSTER	DIRECTOR/ SE	0.40	Officer Director	$0	$0	$0
JAMIE BUTLER	DIRECTOR	0.10	Director	$0	$0	$0
BILL CAMPMAN	DIRECTOR	0.10	Director	$0	$0	$0
JAN CHEETHAM	DIRECTOR	0.10	Director	$0	$0	$0
JOHN E CONNERAT	DIRECTOR/ TR	4.50	Officer Director	$0	$0	$0
BRIAN DAY	DIRECTOR	0.10	Director	$0	$0	$0
JAY DOMINICK	DIRECTOR	0.10	Director	$0	$0	$0
HUNTER ELY	VICE PRES./	0.40	Officer Director	$0	$0	$0
DOUG FINLEY	DIRECTOR	0.10	Director	$0	$0	$0
COLIN GUNTER	DIRECTOR	0.10	Director	$0	$0	$0
MICHAEL HITES	DIRECTOR	0.10	Director	$0	$0	$0
KLARA JELINKOVA	VICE PRES./	0.40	Officer Director	$0	$0	$0
JOE JOHNSON	DIRECTOR	0.10	Director	$0	$0	$0
CHARLIE KNEIFEL	DIRECTOR	0.10	Director	$0	$0	$0
ERIC LUNDBERG	DIRECTOR	0.10	Director	$0	$0	$0
ANGELA MAZZOCCO	DIRECTOR	0.10	Director	$0	$0	$0
RICHARD A MENDOLA	PRESIDENT AN	3.00	Officer Director	$0	$0	$0
MARC MOFFETT	DIRECTOR	0.10	Director	$0	$0	$0
KEVIN MOROONEY	DIRECTOR	0.10	Director	$0	$0	$0
MORITZ ONKEN	DIRECTOR	0.10	Director	$0	$0	$0
JOSEPH ZHOU	DIRECTOR	0.10	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	$247	$27,015	$5,670	$-26,768
2023	$4	$5,674	No data	$-5,670
2022	$10,259	$10,743	$32,784	$-484
2021	$119,161	$51,863	$33,339	$67,298
2020	$388,375	$430,080	$134,340	$-41,705

RHEDCLOUD FOUNDATION INC