REDEMPTION FOUNDATION (EIN 852148960) - 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

2020

Legal Domicile

Principal Officer

RYAN BASORE

Phone

3132685455

Tax Period

2023-01-01 to 2023-12-31

REDEMPTION FOUNDATION, founded in 2020, is a small nonprofit in the Education sector that reported $288K in total revenue in fiscal year 2023. Revenue surged 91% from the prior year, signaling strong growth momentum.

Mission

SUPPORTING INDIVIDUALS IMPACTED BY THE JUSTICE SYSTEM BY PROVIDING MUTUAL AID AND PROGRAMMING THAT HELPS THEM REINTEGRATE INTO SOCIETY, SEEK REDEMPTION, AND IMPROVE THEIR QUALITY OF LIFE.

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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 $288,142

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $288,142

Expense Breakdown

Grants Paid $98,000

Salaries & Benefits $122,710

Fundraising Expenses $0

Program Expenses $200,871

Other Expenses $70,966

TOTAL EXPENSES $291,676

Year-over-Year Comparison

	2023	2022	Change
Revenue	$288,142	$150,587	+0.9%
Expenses	$291,676	$137,314	+1.1%
Net Income	$-3,534	$13,273	-1.3%

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

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

$47,755

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL PELL	TRESURER	6.00	Officer Director	$0	$0	$0
JESSICA JACKSON	SECRETARY	0.50	Officer Director	$0	$0	$0
KATIE LYNCH	COMMUNICATIONS	0.50	Officer Director	$0	$0	$0
MARK PASSERINI	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
RYAN BASORE	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOSEY SCOGGIN	EXECUTIVE DIRECTOR	40.00	Officer	$38,000	$9,755	$47,755

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	$288,142	$291,676	$16,006	$-3,534

REDEMPTION FOUNDATION