XR ASSOCIATION (EIN 850836692) - 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

Phone

2027537585

Tax Period

2023-01-01 to 2023-12-31

XR ASSOCIATION, founded in 2019, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $3.7M exceeded revenue, resulting in a 84% operating deficit.

Mission

TO PROMOTE RESPONSIBLE DEVELOPMENT AND ADOPTION OF VIRTUAL AND AUGMENTED REALITY GLOBALLY WITH BEST PRACTICES, DIALOGUE ACROSS STAKEHOLDERS AND RESEARCH.

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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 $1,743,460

Program Service Revenue $51,300

Investment Income $142,987

Other Revenue $66,632

TOTAL REVENUE $2,004,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,942,417

Fundraising Expenses $0

Program Expenses $344,655

Other Expenses $1,739,579

TOTAL EXPENSES $3,681,996

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,004,379	$7,490,962	-0.7%
Expenses	$3,681,996	$3,894,951	-0.1%
Net Income	$-1,677,617	$3,596,011	-1.5%

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

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

$533,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH HYMAN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$533,000	$0	$533,000
HEIDI HOLMAN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
AARON KLEINER	SECRETARY	1.00	Officer Director	$0	$0	$0
DANIEL GUENTHER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES GREEN	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE GIROLAMO	DIRECTOR	1.00	Director	$0	$0	$0
MONIQUE RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE BURNS	TREASURER	1.00	Officer Director	$0	$0	$0
MARC METIS	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,004,379	$3,681,996	$4,035,371	$-1,677,617
2022	$7,490,962	$3,894,951	$5,621,963	$3,596,011
2021	$1,578,379	$2,540,433	$7,072,534	$-962,054
2020	$525,107	$784,522	$3,235,363	$-259,415

XR ASSOCIATION