THE RUG SHOW INC

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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

2012

Legal Domicile

Phone

3236589000

Tax Period

2020-01-01 to 2020-12-31

THE RUG SHOW INC, founded in 2012, is a micro nonprofit that reported $53K in total revenue in fiscal year 2020. Revenue fell 94% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $13K, a strong 24% operating margin.

Mission

TO ARRANGE TRADE SHOWS FOR AREA RUGS, FOR ITS MEMBERS AND THE INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $35,278 Revenue: $52,471

ANNUALLY CONVERGES ALL RUG RETAILERS AND/OR WHOLESALERS THAT ARE REGISTERED MEMBERS INTO TWO SEPARATE TRADE SHOWS FEATURING RUGS AND TAPESTRIES CONDUCTED IN MARCH IN LOS ANGELES (WEST COAST) AND...

ANNUALLY CONVERGES ALL RUG RETAILERS AND/OR WHOLESALERS THAT ARE REGISTERED MEMBERS INTO TWO SEPARATE TRADE SHOWS FEATURING RUGS AND TAPESTRIES CONDUCTED IN MARCH IN LOS ANGELES (WEST COAST) AND SEPTEMBER IN NEW YORK (EAST COAST). THE TRADE SHOWS ARE OPEN TO ALL PARTICIPANTS IN THE INDUSTRY AND TO THE GENERAL PUBLIC. THE RUG SHOW INC ORGANIZES THESE TRADE SHOWS BY RENTING A GRAND LOCATION/HALL AND BREAKS DOWN THE AREA INTO BOOTHS/STALLS. DEPENDING ON THE SIZE OF THE BOOTH, RUG RETAILERS AND/OR WHOLESALERS PYA A BOOTH RENTAL RATE PER SQUARE FOOT FOR THE SUBDIVIDED SPACE TO SHOWCASE THEIR PRODUCTS. TO SECURE A DESIRED BOOTH SPACE LOCATION, SOME MEMBERS PAY WAY AHEAD OF THE SCHEDULED SHOW OR MONTHS AHEAD, WHICH COULD LEAD TO DIFFERENCE IN THE CASH VERSUS ACCRUAL ACCOUNTING.THE TRADE SHOW EVENT NORMALLY IS CONDUCTED FOR 2 TO 4 DAYS. TO INVITE VISITORS AND PARTICIPANTS INTO THE EVENT, THE RUG SHOW INC ADVERTISES AND PROMOTES IN VARIOUS MEDIA AND PUBLICATIONS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $500

Program Service Revenue $52,471

Investment Income $0

Other Revenue $0

TOTAL REVENUE $52,971

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,278

Other Expenses $40,254

TOTAL EXPENSES $40,254

Year-over-Year Comparison

	2020	2019	Change
Revenue	$52,971	$823,201	-0.9%
Expenses	$40,254	$751,269	-0.9%
Net Income	$12,717	$71,932	-0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JACK SIMANTOB	CEO	Officer	$0	$0	$0
AKBAR AZAD	Secretary	Officer	$0	$0	$0
EDMOND SIMANTOB	CFO	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
2020	$52,971	$40,254	$40,523	$12,717
2018	$1,132,092	$1,209,882	No data	$-77,790