RASK MEMORIAL FUND (EIN 930736827) - 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

1979

Legal Domicile

Principal Officer

KAYLA AALBERG

Phone

5032270581

Tax Period

2024-01-01 to 2024-12-31

RASK MEMORIAL FUND, founded in 1979, is a small nonprofit that reported $141K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $57K, a strong 41% operating margin.

Mission

EDUCATION SCHOLARSHIPS AND ASSISTANCE TO THE NEEDY

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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 $3,020

Program Service Revenue $0

Investment Income $138,345

Other Revenue $0

TOTAL REVENUE $141,365

Expense Breakdown

Grants Paid $70,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $70,000

Other Expenses $13,937

TOTAL EXPENSES $83,937

Year-over-Year Comparison

	2024	2023	Change
Revenue	$141,365	$90,148	+0.6%
Expenses	$83,937	$73,147	+0.1%
Net Income	$57,428	$17,001	+2.4%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS ARENZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
KAYLA AALBERG	SECRETARY	1.00	Officer Director	$0	$0	$0
CASEY SCOTT	TRUSTEE	1.00	Director	$0	$0	$0
FATHER JACK MOSBRUCKER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL HEFFERNAN	TRUSTEE	1.00	Director	$0	$0	$0
DARIN ORESTE	TRUSTEE	1.00	Director	$0	$0	$0
ANGIE FOGG	TRUSTEE	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
2024	$141,365	$83,937	$1,521,022	$57,428
2023	$90,148	$73,147	$1,463,594	$17,001
2022	$100,071	$74,387	$1,446,593	$25,684
2021	$152,451	$73,209	$1,420,909	$79,242
2020	$76,918	$70,830	$1,341,667	$6,088
2019	$125,786	$77,518	$1,335,579	$48,268
2018	$119,016	$81,054	$1,287,311	$37,962

RASK MEMORIAL FUND