Friends of Race Against Dementia

EIN: 933083895 501(c)(3) Medical Research

Newton Highlands, MA

Total Revenue
$263,650
Total Expenses
$267,725
Total Assets
$15,830
Net Assets
$15,330
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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
MA
Tax Period
2024-01-01 to 2024-12-31

Friends of Race Against Dementia, founded in 2023, is a small nonprofit in the Medical Research sector that reported $264K in total revenue in fiscal year 2024.

Mission

To provide grants to enable research of the science of dementia

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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 (2024)

Revenue Breakdown

Contributions & Grants $263,650
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $263,650

Expense Breakdown

Grants Paid $250,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $258,950
Other Expenses $17,725
TOTAL EXPENSES $267,725

Year-over-Year Comparison

2024 2023 Change
Revenue $263,650 $270,000 0.0%
Expenses $267,725 $250,595 +0.1%
Net Income $-4,075 $19,405 -1.2%
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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Warren D Cooper President 2.00
Officer Director
$0 $0 $0
Ian D Hay Treasurer 1.00
Officer Director
$0 $0 $0
Adrian Reynard Secretary 1.00
Officer 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 $263,650 $267,725 $15,830 $-4,075
2023 $270,000 $250,595 $19,905 $19,405
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