Richland #44 School Foundation (EIN 842368359) - 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

Legal Domicile

Principal Officer

Megan Kummer

Phone

7013883549

Tax Period

2023-01-01 to 2023-12-31

Richland #44 School Foundation, founded in 2019, is a small nonprofit in the Education sector that reported $534K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $604K exceeded revenue, resulting in a 13% operating deficit.

Mission

To support the Richland Public School District for scholarships and special projects.

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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 $441,630

Program Service Revenue $0

Investment Income $-9,707

Other Revenue $102,073

TOTAL REVENUE $533,996

Expense Breakdown

Grants Paid $532,140

Salaries & Benefits $0

Fundraising Expenses $3,165

Program Expenses $546,439

Other Expenses $71,484

TOTAL EXPENSES $603,624

Year-over-Year Comparison

	2023	2022	Change
Revenue	$533,996	$3,374,654	-0.8%
Expenses	$603,624	$218,388	+1.8%
Net Income	$-69,628	$3,156,266	-1.0%

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

$216,714

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Megan Kummer	President	2.00	Officer Director	$0	$0	$0
Scott Johnson	Secretary - Treasurer	2.00	Officer Director	$0	$0	$0
Chad Ulven	Vice President	2.00	Officer Director	$0	$0	$0
Nicole Holdman	Director	2.00	Director	$0	$0	$0
Mary Jo Schmid	Director	1.00	Director	$0	$0	$0
Jenny Schmitt	Director	1.00	Director	$0	$0	$0
Britney Ghandi	Director	2.00	Director	$0	$73,660	$216,714

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	No data	No data	No data	No data
2023	$533,996	$603,624	$5,724,454	$-69,628
2022	$3,374,654	$218,388	$5,157,866	$3,156,266
2021	$2,439,422	$193,644	$2,293,619	$2,245,778

Richland #44 School Foundation