THE RUG SHOW USA 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

2021

Legal Domicile

Phone

3236589000

Tax Period

2023-01-01 to 2023-12-31

THE RUG SHOW USA INC, founded in 2021, is a small nonprofit that reported $269K in total revenue in fiscal year 2023.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $232,890 Revenue: $269,031

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 (2023)

Revenue Breakdown

Contributions & Grants $8,000

Program Service Revenue $261,031

Investment Income $0

Other Revenue $0

TOTAL REVENUE $269,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $232,890

Other Expenses $284,490

TOTAL EXPENSES $284,490

Year-over-Year Comparison

	2023	2022	Change
Revenue	$269,031	$263,755	+0.0%
Expenses	$284,490	$255,074	+0.1%
Net Income	$-15,459	$8,681	-2.8%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK SIMANTOB	President	0.00	Officer	$0	$0	$0
EDMOND SIMANTOB	Secretary	0.00	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
2023	$269,031	$284,490	$6,852	$-15,459
2022	$263,755	$255,074	$26,661	$8,681