AGGIE REDROCK FOUNDATION (EIN 853580118) - 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

KRISTIAN J OLSEN

Phone

4357971146

Tax Period

2023-07-01 to 2024-06-30

AGGIE REDROCK FOUNDATION, founded in 2020, is a small nonprofit in the Education sector that reported $159K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $743K exceeded revenue, resulting in a 368% operating deficit.

Mission

TO ENTER INTO A GROUND & BUILDING LEASE, AND ADMIN SERVICES AGREEMENT WITH UTAH STATE UNIV.

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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 $0

Program Service Revenue $158,012

Investment Income $687

Other Revenue $0

TOTAL REVENUE $158,699

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $657,133

Other Expenses $743,489

TOTAL EXPENSES $743,489

Year-over-Year Comparison

	2023	2022	Change
Revenue	$158,699	$195,540	-0.2%
Expenses	$743,489	$639,593	+0.2%
Net Income	$-584,790	$-444,053	+0.3%

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

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

$370,049

Total Directors

$930,025

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERESA THEURER	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID COWLEY	TREASURER	1.00	Officer Director	$0	$72,397	$370,049
LAURENS SMITH	DIRECTOR (THRU 5/24)	1.00	Director	$0	$46,096	$317,721
THOMAS LEE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MECHAM	DIRECTOR	1.00	Director	$0	$0	$0
JAMES Y TAYLOR	DIRECTOR (FROM 5/24)	1.00	Director	$0	$36,586	$242,255
KRISTIAN J OLSEN	PRESIDENT	1.00	Officer	$0	$0	$0
TIFFANY ALLISON	SECRETARY	1.00	Officer	$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	$158,699	$743,489	$14,481,433	$-584,790
2023	$195,540	$639,593	$15,058,334	$-444,053
2022	$1,000,895	$4,500	$16,331,434	$996,395
2021	$522,479	$150	$14,967,361	$522,329

AGGIE REDROCK FOUNDATION