RUGIERO PROMISE FOUNDATION

EIN: 453078919 501(c)(3) Science & Technology

DEARBORN, MI

Total Revenue
$287,611
Total Expenses
$285,804
Total Assets
$124,352
Net Assets
$124,352
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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
2011
Legal Domicile
MI
Principal Officer
STEVE GEORGE
Phone
7348819800
Tax Period
2023-01-01 to 2023-12-31

RUGIERO PROMISE FOUNDATION, founded in 2011, is a small nonprofit in the Science & Technology sector that reported $288K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

HEALTH RESEARCH, EDUCATION, AND SUPPORT TO THE COMMUNITY.

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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 $141,829
Program Service Revenue $0
Investment Income $0
Other Revenue $145,782
TOTAL REVENUE $287,611

Expense Breakdown

Grants Paid $270,650
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $270,650
Other Expenses $15,154
TOTAL EXPENSES $285,804

Year-over-Year Comparison

2023 2022 Change
Revenue $287,611 $251,908 +0.1%
Expenses $285,804 $245,511 +0.2%
Net Income $1,807 $6,397 -0.7%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY RUGIERO CHAIRMAN N/A
Officer Director
$0 $0 $0
SHARON GIOIA TREASURER N/A
Officer Director
$0 $0 $0
STEVE GEORGE SECRETARY N/A
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 $287,611 $285,804 $124,352 $1,807
2022 $251,908 $245,511 $122,545 $6,397
2021 $197,649 $167,995 $116,148 $29,654
2020 $48,560 $40,560 $86,494 $8,000
2019 $155,149 $174,792 $78,494 $-19,643
2018 $144,769 $121,517 $98,137 $23,252
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