RASSAWEK VENTURES 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

2018

Legal Domicile

Principal Officer

JENNY LIESFELD

Phone

8043963098

Tax Period

2023-01-01 to 2023-12-31

RASSAWEK VENTURES INC, founded in 2018, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $167K in total revenue in fiscal year 2023. Revenue surged 4136% from the prior year, signaling strong growth momentum. The organization ran a surplus of $151K, a strong 90% operating margin.

Mission

OUR MISSION AT RASSAWEK VENTURES IS TO PRESERVE TRADITIIONAL SKILLS AND CRAFTS TO EDUCATE AND INSPIRE THE FUTURE. OUR GOAL IS TO BRING AWARENESS TO CRAFTMANSHIP, ARTS, TRADES AND MORE.

Program Service Accomplishments

Program 1

Expenses: $16,755 Revenue: $499,809

RASSAWEK VENTURES HOLDS A SPRING JUBILEE AND AN AUTUMN FESTIVAL, NON-PROFIT FUNDRAISING EVENTS. WE COLLABORATE WITH THE COMMUNITY OF GOOCHLAND AND BEYOND TO SHARE OUR PASSION TO KEEP TRADE SKILLS...

RASSAWEK VENTURES HOLDS A SPRING JUBILEE AND AN AUTUMN FESTIVAL, NON-PROFIT FUNDRAISING EVENTS. WE COLLABORATE WITH THE COMMUNITY OF GOOCHLAND AND BEYOND TO SHARE OUR PASSION TO KEEP TRADE SKILLS ALIVE BY ONSITE BUILD DEMONSTRATIONS, AND EDUCATING THE PUBLIC WITH DEMONSTRATIONS FROM LOCAL ARTISTS AND CRAFTSMEN. THESE EVENTS CONTRIBUTE TO OUR LOCAL COMMUNITY BY SUPPORTING LOCAL PROGRAMS.

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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 $132,314

Program Service Revenue $0

Investment Income $0

Other Revenue $35,023

TOTAL REVENUE $167,337

Expense Breakdown

Grants Paid $16,755

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,755

Other Expenses $0

TOTAL EXPENSES $16,755

Year-over-Year Comparison

	2023	2022	Change
Revenue	$167,337	$3,950	+41.4%
Expenses	$16,755	$24,488	-0.3%
Net Income	$150,582	$-20,538	-8.3%

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

N/A

Volunteers

150

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
JENNY LIESFELD	BOARD MEMBER	5.00	Officer Director	$0	$0	$0
JOE LIESFELD JR	BOARD MEMBER	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	$167,337	$16,755	$284,200	$150,582
2022	$3,950	$24,488	$133,618	$-20,538
2021	$86,196	$14,900	$154,156	$71,296