RAY OF LIGHT FARM INC

EIN: 300180645 501(c)(3) Human Services

EAST HADDAM, CT

Total Revenue
$434,039
Total Expenses
$504,134
Total Assets
$881,846
Net Assets
$-170,533
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
CT
Principal Officer
BONITA V BUONGIORNE
Phone
8608738120
Tax Period
2023-01-01 to 2023-12-31

RAY OF LIGHT FARM INC, founded in 2003, is a small nonprofit in the Human Services sector that reported $434K in total revenue in fiscal year 2023. Expenses of $504K exceeded revenue, resulting in a 16% operating deficit.

Mission

ANIMAL RESCUE AND ANIMAL-ASSISTED THERAPY CENTER.

Program Service Accomplishments

Program 1
Expenses: $484,695

RAY OF LIGHT RESCUES HORSES, DONKEYS AND OTHER ANIMALS AND PROVIDES SANCTUARY TO THOSE ANIMALS THAT WILL NEVER FIND A FOREVER HOME. THE FARM PROVIDES MEDICAL CARE, NUTRITIOUS FOOD AND TRAINING TO THE...

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RAY OF LIGHT RESCUES HORSES, DONKEYS AND OTHER ANIMALS AND PROVIDES SANCTUARY TO THOSE ANIMALS THAT WILL NEVER FIND A FOREVER HOME. THE FARM PROVIDES MEDICAL CARE, NUTRITIOUS FOOD AND TRAINING TO THE RESCUED ANIMALS. RAY OF LIGHT ALSO OFFERS ANIMAL ASSISTED THERAPY WHICH IS DEFINED AS THE PAIRING OF ANIMALS WITH CHILDREN, ADULTS AND VETERANS IN WAYS THAT IMPROVE THE PHYSICAL AND EMOTIONAL WELL BEING OF BOTH ANIMAL AND HUMAN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $204,902
Program Service Revenue $193,097
Investment Income $4,159
Other Revenue $31,881
TOTAL REVENUE $434,039

Expense Breakdown

Grants Paid $0
Salaries & Benefits $197,093
Fundraising Expenses $4,025
Program Expenses $484,695
Other Expenses $307,041
TOTAL EXPENSES $504,134

Year-over-Year Comparison

2023 2022 Change
Revenue $434,039 $446,849 0.0%
Expenses $504,134 $541,839 -0.1%
Net Income $-70,095 $-94,990 -0.3%
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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Governance

Voting Members
8
Independent Members
8
Employees
17
Volunteers
56

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
5
$14,900
Total Directors
8
$14,900
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BONITA V BUONGIORNE PRESIDENT 40.00
Officer Director
$14,900 $0 $14,900
GITA CARTER SECRETARY 1.00
Officer Director
$0 $0 $0
CHERILYN COTTER VOTING MEMBE 10.00
Director
$0 $0 $0
ALEXIS DEVLIN VOTING MEMBE 1.00
Director
$0 $0 $0
RONALD GROSS VOTING MEMBE 1.00
Director
$0 $0 $0
TAMERA JACKSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
PATRICIA LIMON TREASURER 2.00
Officer Director
$0 $0 $0
THERESA RODDY BOARD CHAIRM 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 No data No data No data No data
2023 $434,039 $504,134 $881,846 $-70,095
2022 $446,849 $541,839 $972,898 $-94,990
2021 $536,481 $502,891 $1,086,531 $33,590
2020 $434,936 $437,686 $1,102,762 $-2,750
2019 $470,559 $502,504 $909,653 $-31,945
2018 $507,325 $504,992 $945,954 $2,333
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