THE RICHMOND ERMET AID FOUNDATION (EIN 943232222) - 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

1994

Legal Domicile

Phone

4153628921

Tax Period

2023-01-01 to 2023-12-31

THE RICHMOND ERMET AID FOUNDATION, founded in 1994, is a small nonprofit in the Diseases & Disorders sector that reported $357K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $427K exceeded revenue, resulting in a 19% operating deficit.

Mission

The Richmond/Ermet Aid Foundation (REAF) is a non-profit 501(c)(3) Arts/Health organization dedicated to raising funds for AIDS services, hunger programs and programs for underserved youth in the Bay Area through the production of quality entertainment programs.

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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 $356,982

Program Service Revenue $0

Investment Income $247

Other Revenue $0

TOTAL REVENUE $357,229

Expense Breakdown

Grants Paid $231,848

Salaries & Benefits $64,702

Fundraising Expenses $0

Program Expenses $426,864

Other Expenses $130,314

TOTAL EXPENSES $426,864

Year-over-Year Comparison

	2023	2022	Change
Revenue	$357,229	$330,696	+0.1%
Expenses	$426,864	$325,301	+0.3%
Net Income	$-69,635	$5,395	-13.9%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK GALLINEAUX	Director	6.00	Director	$0	$0	$0
CAMERON STIEHL	Director	6.00	Director	$0	$0	$0
SOPHIE AZOAOU	Director	6.00	Director	$0	$0	$0
KATHLEEN BRENNEN	HUMAN RESOURCES	6.00	Director	$0	$0	$0
GREGORY HAMMER	MEMBER	3.00	Director	$0	$0	$0
GARY THACKERAY	Director	6.00	Director	$0	$0	$0
BETH SCHNITZER	Director	6.00	Director	$0	$0	$0
BRENT MAREK	Director	6.00	Director	$0	$0	$0
CECIL RUSSELL	Director	6.00	Director	$0	$0	$0
JEFFREY DONEY	Director	6.00	Director	$0	$0	$0
JOSEPH SEILER	President	10.00	Officer	$0	$0	$0
KENNETH HENDERSON	Executive Direc	40.00	Officer	$0	$0	$0
EMMANUEL SANTOS	CFO	6.00	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	$357,229	$426,864	$80,211	$-69,635
2022	$330,696	$325,301	$151,737	$5,395
2019	$482,480	$479,632	$133,395	$2,848
2018	$473,188	$422,394	$129,521	$50,794

THE RICHMOND ERMET AID FOUNDATION