Ray Corollary Initiative (EIN 880906192) - 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

Chris Heagarty

Phone

9106015285

Tax Period

2025-01-01 to 2025-12-31

Ray Corollary Initiative, founded in 2021, is a small nonprofit in the Crime & Legal sector that reported $394K in total revenue in fiscal year 2025. Revenue surged 210% from the prior year, signaling strong growth momentum. The organization ran a surplus of $212K, a strong 54% operating margin.

Mission

The mission of the Ray Corollary Initiative Inc. RCI is to encourage ADR providers and selectors to increase the utilization of neutrals with wide-ranging work and life experiences while maintaining the parties autonomy to make the selection decision.

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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 (2025)

Revenue Breakdown

Contributions & Grants $391,252

Program Service Revenue $0

Investment Income $0

Other Revenue $2,988

TOTAL REVENUE $394,240

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,048

Fundraising Expenses $26,948

Program Expenses $102,318

Other Expenses $36,979

TOTAL EXPENSES $182,027

Year-over-Year Comparison

	2025	2024	Change
Revenue	$394,240	$127,350	+2.1%
Expenses	$182,027	$107,207	+0.7%
Net Income	$212,213	$20,143	+9.5%

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

Total Directors

Key Employees

$134,615

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Christopher Heagarty	CEO	40.00	Key Emp	$134,615	$0	$134,615
Homer C La Rue	Chair	15.00	Director	$0	$0	$0
Haydee Rosario	Vice Chair	2.00	Director	$0	$0	$0
David Allen Larson	Secretary	2.00	Director	$0	$0	$0
Alan Symonette	Treasurer	2.00	Director	$0	$0	$0
Sasha Carbone	Executive Committee	2.00	Director	$0	$0	$0
Sarah Espinosa	Director	1.00	Director	$0	$0	$0
Michael Gan	Director	1.00	Director	$0	$0	$0
Christopher Kowk	Director	1.00	Director	$0	$0	$0
Rebekah Ratliff	Director	1.00	Director	$0	$0	$0
Joanne Saint Louis	Director	1.00	Director	$0	$0	$0
Ellen Waldman	Director	1.00	Director	$0	$0	$0
Keisha Williams	Director	1.00	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
2025	$394,240	$182,027	$239,000	$212,213

Ray Corollary Initiative