Rusting Man Foundation (EIN 873655994) - 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

Tax Period

2023-01-01 to 2023-12-31

Rusting Man Foundation, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $332K in total revenue in fiscal year 2023. Revenue surged 98% from the prior year, signaling strong growth momentum. Expenses of $285K left a modest 14% surplus.

Mission

Rusting Man Foundation is established to promote art in rural Alaska communities, especially among young people and to build a Fishermen Memorial in Unalaska/Dutch Harbor to honor fishermen lost to the sea

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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 $330,654

Program Service Revenue $0

Investment Income $0

Other Revenue $1,713

TOTAL REVENUE $332,367

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $273,010

Other Expenses $285,495

TOTAL EXPENSES $285,495

Year-over-Year Comparison

	2023	2022	Change
Revenue	$332,367	$168,210	+1.0%
Expenses	$285,495	$38,627	+6.4%
Net Income	$46,872	$129,583	-0.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Barry Malpass	Board Member	0.00	Director	$0	$0	$0
Evie Dickerson	SecretaryTreasurer	0.00	Officer Director	$0	$0	$0
Karel Machalek	President	0.00	Officer Director	$0	$0	$0
Marie Machalek	Vice President	0.50	Officer Director	$0	$0	$0
Roberta Britain	Bookkeeper	5.00	Key Emp	$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
2023	$332,367	$285,495	$175,786	$46,872

Rusting Man Foundation