ASSOCIATION OF RUG CARE SPECIALISTS (EIN 273554594) - 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

2000

Legal Domicile

Principal Officer

JENIFER COLACO

Phone

2089776577

Tax Period

2022-01-01 to 2022-12-31

ASSOCIATION OF RUG CARE SPECIALISTS, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $227K in total revenue in fiscal year 2022. Revenue surged 112% from the prior year, signaling strong growth momentum.

Mission

RUG CARE TRADE ASSOCIATION DEDICATED TO EDUCATION IN THE INDUSTRY]

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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 (2022)

Revenue Breakdown

Contributions & Grants $226,741

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $226,741

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,080

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2022	2021	Change
Revenue	$226,741	$106,794	+1.1%
Expenses	N/A	$96,256	-1.0%
Net Income	N/A	$10,538	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

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
JENIFER COLACO	PRESIDENT	5.00	Officer	$0	$0	$0
ANDRIJA MALBASA	VICE PRESIDENT	5.00	Officer	$0	$0	$0
MEG WALKER	PAST PRESIDENT	0.00	Officer	$0	$0	$0
TRENT WOODS	SECRETARY	5.00	Officer	$0	$0	$0
AARON GLAZER	TREASURY	5.00	Officer	$0	$0	$0
MIKE JENSEN	DIRECTOR	5.00	Officer	$0	$0	$0
KATIE REUTHER	DIRECTOR	5.00	Officer	$0	$0	$0
TIM URBACK	DIRECTOR	5.00	Officer	$0	$0	$0
STEVEN DEMARCO	DIRECTOR	5.00	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
2022	$226,741	No data	No data	No data

ASSOCIATION OF RUG CARE SPECIALISTS