REDEEMED FOUNDATION (EIN 843904852) - 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

Principal Officer

LORI VANBOXEL

Phone

2316383748

Tax Period

2023-01-01 to 2023-12-31

REDEEMED FOUNDATION is a small nonprofit in the Religion sector that reported $350K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $129K, a strong 37% operating margin.

Mission

THE REDEEMED FOUNDATION IS A TENNESSEE NONPROFIT CORPORATION THAT EXISTS TO COMMUNICATE THE GOSPEL OF JESUS CHRIST BY MOBILIZING, EQUIPPING AND FUNDING ROAD CREWS, PRODUCTION PERSONNEL AND NEEDS INVOLVED IN ARTISTIC AND EVANGELISTIC, INTERDENOMINATIONAL CHRISTIAN MUSIC MINISTRIES.

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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 $350,127

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $350,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $221,095

Other Expenses $221,095

TOTAL EXPENSES $221,095

Year-over-Year Comparison

	2023	2022	Change
Revenue	$350,127	$248,249	+0.4%
Expenses	$221,095	$256,368	-0.1%
Net Income	$129,032	$-8,119	-16.9%

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
RICHARD RHOADS	PRESIDENT	N/A	Officer Director	$0	$0	$0
NATHAN SMITH	SECRETART/TR	N/A	Officer Director	$0	$0	$0
LORI VANBOXEL	VICE PRESIDE	N/A	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	No data	No data	No data	No data
2023	$350,127	$221,095	$191,225	$129,032
2022	$248,249	$256,368	$62,193	$-8,119
2020	$245,317	$242,128	$4,135	$3,189

REDEEMED FOUNDATION