RAY OF LIGHT FARM INC (EIN 300180645) - 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

2003

Legal Domicile

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

RAY OF LIGHT IS A NON-PROFIT ANIMAL RESCUE, SANCTUARY AND ANIMAL-ASSISTED THERAPY CENTER COMMITTED TO HELPING PEOPLE MAKE A POSITIVE CONNECTION WITH LIFE THROUGH ANIMALS.

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$14,900

Total Directors

$14,900

Key Employees

Highest Compensated

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

RAY OF LIGHT FARM INC