HOWARD RASMUSSEN CHARITABLE TRUST DATED JANUARY 1 2023 (EIN 934718893) - 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

2023

Legal Domicile

Principal Officer

RICHARD C KELSEY

Phone

5076422800

Tax Period

2023-01-01 to 2023-12-31

HOWARD RASMUSSEN CHARITABLE TRUST DATED JANUARY 1 2023, founded in 2023, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $87K in total revenue in fiscal year 2023. The organization ran a surplus of $53K, a strong 61% operating margin.

Mission

THE TRUST WAS CREATED AND IT IS INTENDED THAT IT WILL BE OPERATED EXCLUSIVELY FOR THE CHARITABLE PURPOSES AS SET FORTH IN THE INTERNAL REVENUE CODE. THE TRUST SHALL MAKE GRANTS, OR OTHERWISE ACCOMPLISH ITS CHARITABLE PURPOSES, BY DISTRIBUTING THE NET INCOME OF THE TRUST PROPERTY TO CHARITABLE ORGANIZATIONS IN THE MADELIA AND LAKE CRYSTAL, MINNESOTA GEOGRAPHIC AREA.

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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 $0

Program Service Revenue $0

Investment Income $-33,024

Other Revenue $120,201

TOTAL REVENUE $87,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,000

Fundraising Expenses $0

Other Expenses $30,285

TOTAL EXPENSES $34,285

Year-over-Year Comparison

	2023	2022	Change
Revenue	$87,177	N/A	N/A
Expenses	$34,285	N/A	N/A
Net Income	$52,892	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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

$4,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD C KELSEY	TRUSTEE	1.00	Director	$2,500	$0	$2,500
STEVEN J SORENSON	TRUSTEE	0.25	Director	$1,500	$0	$1,500

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
2023	$87,177	$34,285	$3,710,651	$52,892

HOWARD RASMUSSEN CHARITABLE TRUST DATED JANUARY 1 2023