RIDEBACK RISE INC (EIN 872142080) - 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

2021

Legal Domicile

Principal Officer

DIANA MOGOLLON

Phone

3105031166

Tax Period

2024-01-01 to 2024-12-31

RIDEBACK RISE INC, founded in 2021, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 28% operating deficit.

Mission

RIDEBACK RISE IS AN ACCELERATOR - OF TALENT, OF COMMUNITY, OF OPPORTUNITY, OF CHANGE. RISE SUPPORTS AND EMPOWERS MID-CAREER POC CREATORS AND ARTISTS TO MAKE COMMERCIAL FILM AND TELEVISION ACROSS GENRES THAT REFLECT OUR MULTICULTURAL SOCIETY: TO PROPEL NARRATIVE CHANGE, ADVANCE EQUITY, AND CREATE CULTURAL IMPACT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,305,773

Program Service Revenue $4,364

Investment Income $7,127

Other Revenue $-43,311

TOTAL REVENUE $1,273,953

Expense Breakdown

Grants Paid $217,778

Salaries & Benefits $363,610

Fundraising Expenses $168,183

Program Expenses $1,277,531

Other Expenses $1,055,451

TOTAL EXPENSES $1,636,839

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,273,953	$805,813	+0.6%
Expenses	$1,636,839	$1,229,530	+0.3%
Net Income	$-362,886	$-423,717	-0.1%

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

$81,250

Total Directors

Key Employees

$197,577

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANA MOGOLLON	CEO	60	Key Emp	$197,577	$0	$197,577
APRIL CHANG	MANAGER	40	Officer	$81,250	$0	$81,250
DAN LIN	CHAIRMAN	2	Officer Director	$0	$0	$0
MICHAEL LOFASO	BOARD MEMBER	2	Director	$0	$0	$0
ALICE RHEE	BOARD MEMBER	1	Director	$0	$0	$0
ANDREA CHERNG	BOARD MEMBER	1	Director	$0	$0	$0
STRAUSS ZELNICK	BOARD MEMBER	1	Director	$0	$0	$0
BRICKSON DIAMOND	BOARD MEMBER	1	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	$1,273,953	$1,636,839	$2,728,013	$-362,886
2023	$805,813	$1,229,530	$3,356,212	$-423,717
2022	$3,049,003	$63	$3,048,940	$3,048,940

RIDEBACK RISE INC