Rags of Honor 1

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

Mark Doyle

Phone

3126350000

Tax Period

2021-01-01 to 2021-12-31

Rags of Honor 1, founded in 2014, is a small nonprofit in the Human Services sector that reported $201K in total revenue in fiscal year 2021. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $179K left a modest 11% surplus.

Mission

Rags of Honor 1 (The "Organization")is dedicated to supporting homeless and unemployed military veterans and the caregivers of severely wounded soldiers.

Program Service Accomplishments

Program 1

Expenses: $158,477 Revenue: $201,488

General assistance to veterans. The Organization provides assistance to homeless and unemployed veterans by helping to pay for basic necessities such as food and shelter. Additionally, the...

General assistance to veterans. The Organization provides assistance to homeless and unemployed veterans by helping to pay for basic necessities such as food and shelter. Additionally, the Organization has programs to help the veterans receive professional training, acquire jobs, and to reintegrate into society.

Program 2

Expenses: $0 Revenue: $36,669

Charity Golf Outing

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $164,819

Program Service Revenue $0

Investment Income $0

Other Revenue $36,669

TOTAL REVENUE $201,488

Expense Breakdown

Grants Paid $136,672

Salaries & Benefits $2,100

Fundraising Expenses $2,259

Program Expenses $158,477

Other Expenses $40,100

TOTAL EXPENSES $178,872

Year-over-Year Comparison

	2021	2020	Change
Revenue	$201,488	$133,393	+0.5%
Expenses	$178,872	$54,728	+2.3%
Net Income	$22,616	$78,665	-0.7%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

N/A

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
Mark Doyle	President	7.00	Officer Director	$0	$0	$0
Laurie Dimakos	Secretary	2.00	Officer	$0	$0	$0
Kirk Chartier	Treasurer	2.00	Officer	$0	$0	$0
Brian Daly	Director	2.00	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
2021	$201,488	$178,872	$108,124	$22,616