JAMES ROLLIN MEMORIAL FUND

EIN: 862014136 501(c)(3) Education

REDFORD, MI

Total Revenue
$64,737
Total Expenses
$170,445
Total Assets
$470,704
Net Assets
$470,704
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MI
Principal Officer
MICHAEL TAYLOR
Phone
3132424272
Tax Period
2024-01-01 to 2024-12-31

JAMES ROLLIN MEMORIAL FUND, founded in 2020, is a micro nonprofit in the Education sector that reported $65K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $170K exceeded revenue, resulting in a 163% operating deficit.

Mission

TO PROVIDE SCHOLARSHIPS TO HIGH SCHOOL STUDENTS, PAYMENTS FOR SPECIFIC CAPITAL IMPROVEMENTS AT REDFORD UNION HIGH SCHOOL, AND GENERAL SUPPORT OF THE HIGH SCHOOL AND STUDENT ACTIVITIES THAT WILL ENRICH THE LIVES OF THE STUDENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $59,443
Other Revenue $5,294
TOTAL REVENUE $64,737

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $159,156
Other Expenses $170,445
TOTAL EXPENSES $170,445

Year-over-Year Comparison

2024 2023 Change
Revenue $64,737 $44,699 +0.4%
Expenses $170,445 $118,413 +0.4%
Net Income $-105,708 $-73,714 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUDY NACHMAN SECRETARY 0.50
Officer Director
$0 $0 $0
MICHAEL TAYLOR PRESIDENT 0.50
Officer Director
$0 $0 $0
MILES TOMASAITIS TREASURER 0.50
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 $64,737 $170,445 $470,704 $-105,708
2023 $44,699 $118,413 $560,442 $-73,714
2022 $7,252 $23,042 $563,480 $-15,790
2021 $607,792 $36,929 $638,813 $570,863
Explore More Nonprofits
Top 100 Nonprofits in Michigan Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare JAMES ROLLIN MEMORIAL FUND with other nonprofits in Michigan and across the country.