RAY FREMONT MEMORIAL CHARITY

EIN: 932727231 501(c)(3) Public Safety

WEST CHESTER, PA

Total Revenue
$46,470
Total Expenses
$43,534
Total Assets
$2,936
Net Assets
$2,936
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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
2023
Legal Domicile
PA
Principal Officer
ALEXANDER FREMONT
Tax Period
2023-07-11 to 2023-12-31

RAY FREMONT MEMORIAL CHARITY, founded in 2023, is a micro nonprofit in the Public Safety sector that reported $46K in total revenue in fiscal year 2023. Expenses of $44K left a modest 6% surplus.

Mission

THE ORGANIZATION WILL PRIMARILY ENGAGE IN PROMOTING FIRE SAFETY AND EDUCATION, SUPPORTING BURN SURVIVORS, AND OTHER FIRE EFFECT RELATED CAUSES. THE ORGANIZATION WILL HOLD AN ANNUAL GOLF OUTING OF FAMILY, FRIENDS, AND BUSINESS PARTNERS COLLECTING DONATIONS TO BE DISTRIBUTED TO OTHER CHARITIES THAT RAY FREMONT WAS ASSOCIATED WITH THROUGH THE COURSE OF HIS LIFE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $45,906
Program Service Revenue $0
Investment Income $0
Other Revenue $564
TOTAL REVENUE $46,470

Expense Breakdown

Grants Paid $42,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $42,500
Other Expenses $1,034
TOTAL EXPENSES $43,534

Year-over-Year Comparison

2023 2022 Change
Revenue $46,470 N/A N/A
Expenses $43,534 N/A N/A
Net Income $2,936 N/A N/A
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID FREMONT PRESIDENT N/A
Officer
$0 $0 $0
RAYMOND FREMONT VICE PRESIDE N/A
Officer
$0 $0 $0
ALEXANDER FREMONT TREASURER N/A
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
2024 No data No data No data No data
2023 $46,470 $43,534 $2,936 $2,936
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