RXH EMPLOYEES FIRST FUND

EIN: 850736919 501(c)(3) Arts, Culture & Humanities

METAIRIE, LA

Total Revenue
$15,571
Total Expenses
$21,510
Total Assets
$106,032
Net Assets
$106,032
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
LA
Principal Officer
THERESE HERNANDEZ
Phone
9143723156
Tax Period
2023-01-01 to 2023-12-31

RXH EMPLOYEES FIRST FUND, founded in 2020, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $16K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $22K exceeded revenue, resulting in a 38% operating deficit.

Mission

RXH EMPLOYEES FIRST FUND, INC. WAS FORMED TO PROVIDE RELIEF AND ASSISTANCE TO EMPLOYEES OF RESTORIX HEALTH, INC. AND ITS SUBSIDIARIES (WHICH USES THE ASSUMED NAME OF "RESTORIXHEALTH") AND THEIR IMMEDIATE FAMILY MEMBERS, WHO HAVE EXPERIENCED UNFORESEEN EMERGENCIES SUCH A MAJOR MEDICAL SITUATION, A CATASTROPHIC EVENT (SUCH AS THE COVID-19 PANDEMIC), OR OTHER CHALLENGES THAT CREATE AN EMERGENT FINANCIAL HARDSHIP.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $15,571
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $15,571

Expense Breakdown

Grants Paid $14,967
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $14,967
Other Expenses $6,543
TOTAL EXPENSES $21,510

Year-over-Year Comparison

2023 2022 Change
Revenue $15,571 $21,136 -0.3%
Expenses $21,510 $42,429 -0.5%
Net Income $-5,939 $-21,293 -0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN MCLAUGHLIN DIRECTOR, CEO, AND SECRETA 1.00
Officer Director
$0 $0 $0
DAVID WALZ DIRECTOR AND PRESIDENT 1.00
Officer Director
$0 $0 $0
PATRICK SEILER DIRECTOR, CEO, AND TREASUR 1.00
Officer Director
$0 $0 $0
THERESE HERNANDEZ DIRECTOR AND COO 1.00
Officer Director
$0 $0 $0
RABICA SIDDIQI CHAIR OF GRANT SELECTION C 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 No data No data No data No data
2023 $15,571 $21,510 $106,032 $-5,939
2022 $21,136 $42,429 $111,971 $-21,293
2021 $30,340 $83,768 $133,264 $-53,428
2020 $230,335 $43,643 $186,692 $186,692
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