RAPID 5 PROJECT (EIN 874564973) - 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

2022

Legal Domicile

Principal Officer

LUKE MESSINGER

Phone

6143675254

Tax Period

2023-07-01 to 2024-06-30

RAPID 5 PROJECT, founded in 2022, is a small nonprofit in the Recreation & Sports sector that reported $253K in total revenue in fiscal year 2023. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $342K exceeded revenue, resulting in a 35% operating deficit.

Mission

OUR MISSION IS TO UNITE OUR REGIONS ASSETS, KNITTING MORE THAN 80 COMMUNITIES TOGETHER. ONE OF THE LARGEST INTERCONNECTED PARK SYSTEMS IN THE NATION.

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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 $250,421

Program Service Revenue $0

Investment Income $2,199

Other Revenue $0

TOTAL REVENUE $252,620

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,463

Fundraising Expenses $0

Program Expenses $238,562

Other Expenses $307,190

TOTAL EXPENSES $341,653

Year-over-Year Comparison

	2023	2022	Change
Revenue	$252,620	$1,213,505	-0.8%
Expenses	$341,653	$1,427,671	-0.8%
Net Income	$-89,033	$-214,166	-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

Employees

Volunteers

100

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
KERSTIN CARR	TREASURER	4.00	Officer Director	$0	$0	$0
KRISTEN ATHA	DIRECTOR	4.00	Director	$0	$0	$0
FREDERIC BERTLEY	DIRECTOR	4.00	Director	$0	$0	$0
MICHAEL BONGIORNO	DIRECTOR	4.00	Director	$0	$0	$0
MICHAEL COREY	DIRECTOR	4.00	Director	$0	$0	$0
MELANIE CORN	DIRECTOR	4.00	Director	$0	$0	$0
GREG DAVIES	DIRECTOR	4.00	Director	$0	$0	$0
BRIAN ELLIS	DIRECTOR	4.00	Director	$0	$0	$0
JONATHAN KASS	DIRECTOR	4.00	Director	$0	$0	$0
TOM KATZENMEYER	VICE CHAIR	4.00	Director	$0	$0	$0
TIM MOLONEY	DIRECTOR	4.00	Director	$0	$0	$0
KEITH MYERS	CHAIR	4.00	Officer Director	$0	$0	$0
JANICA PIERCE-TUCKER	DIRECTOR	4.00	Director	$0	$0	$0
BERNITA REESE	DIRECTOR	4.00	Director	$0	$0	$0
BILL STANLEY	DIRECTOR	4.00	Director	$0	$0	$0
ANDY THOMAS	DIRECTOR	4.00	Director	$0	$0	$0
MARK WAGENBRENNER	SECRETARY	4.00	Officer Director	$0	$0	$0
HANNA WEXNER	DIRECTOR	4.00	Director	$0	$0	$0
LUKE MESSINGER	PRESIDENT & CEO (BEGIN 5/2024)	40.00	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	$252,620	$341,653	$670,379	$-89,033
2023	$1,213,505	$1,427,671	$715,593	$-214,166
2022	$1,121,431	$212,291	$948,750	$909,140

RAPID 5 PROJECT