The Randwood Foundation Corp
Nonprofit profile at a glance
- EIN
- 472219338
- IRS 990-EZ coverage
- 2015–2019
- Forms available
- Form 990-EZ 2019
- Location
- Amherst, NY, USA
- Phone
- 7168031507
- Rating
- 95
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- International Relief
Reported finances
- Revenue
- $94,361
- Expenses
- $92,067
- Assets
- $19,153
Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
5 people listed
People named in this filing
- LISA BENSON MD (CHAIRMAN)
- LEE GUTERMAN PHD MD (VICE PRESIDE)
- EVE GUTERMAN MS (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To use collective knowledge in economic development, medicine, science and engineering to: create, implement, and fund sustainable solutions to common problems both domestically and abroad, and to promote, provide, and fund opportunities for intellectual advancement and increased welfare.
What it reported doing in 2019
Funding hospital operating expenses and construction of housing for on-site nurses in uganda. Foundation's team appealed to local healthcare professionals and hospital staff to identify priority assistance issues. Ongoing efforts target assistance. At 1/25/20, a donation of a microscope was received to be donated to a rwanda hospital to further the progress of a stroke unit.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 100
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.7%; rating input score 96
- Program expense ratio: 98%; rating input score 98
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 2.4%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 0.21; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 36.7% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: 49.2% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 65.4% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 95.7% of revenue deployed · 98% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $90K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2015 to 2019
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- Review — Sustainability: Operating margin scored 50/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.