THE RAGS REMEMBERED FOUNDATION 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

2022

Legal Domicile

Principal Officer

FRANK RAGNOW

Phone

8592616800

Tax Period

2022-01-01 to 2022-12-31

THE RAGS REMEMBERED FOUNDATION INC, founded in 2022, is a small nonprofit in the Human Services sector that reported $143K in total revenue in fiscal year 2022. Expenses of $132K left a modest 8% surplus.

Mission

THE PURPOSE OF THE FOUNDATION IS TO FOSTER A LOVE OF THE OUTDOORS IN CHILDREN AND THEIR FAMILIES BY SHARING THE POWER OF THE OUTDOORS TO HEAL AND BOND FAMILIES TOGETHER.

Program Service Accomplishments

Program 1

Expenses: $11,348

FISHIN' FOR MEMORIES - OUTREACH PROGRAM FOR GRIEVING FAMILIES AT LAKE ST. CLAIR METROPARK IN MICHIGAN. THE FAMILIES WERE INVITED TO LEARN HOW TO FISH WITH FRANK ON THE BEACH AT LAKE ST. CLAIR FOR THE AFTERNOON; PROVIDING EVERYONE WITH THEIR VERY OWN FISHING POLE, STOCKED BAIT AND TACKLE BOX, COOLER WITH SNACKS/DRINKS, SIGNED LIONS NFL MINI HELMET, AND A FOUNDATION T-SHIRT TO TAKE HOME. THE FAMILIES ALSO HAD THE OPPORTUNITY TO TAKE A BOAT TOUR OF LAKE ST. CLAIR AFTER THEY FISHED WITH FRANK AND LUCY.

Program 2

Expenses: $4,115

GAME DAY - FOUNDATION PROVIDED TWO YOUNG BOYS, CLINT AND PORTER, WITH A GAME DAY WATCH PARTY AT THEIR HOME IN MICHIGAN. CLINT AND PORTER TRAGICALLY LOST THEIR OLDER BROTHER, GRANT, ON FEBRUARY 22...

GAME DAY - FOUNDATION PROVIDED TWO YOUNG BOYS, CLINT AND PORTER, WITH A GAME DAY WATCH PARTY AT THEIR HOME IN MICHIGAN. CLINT AND PORTER TRAGICALLY LOST THEIR OLDER BROTHER, GRANT, ON FEBRUARY 22, 2021 BY SUICIDE. BOTH CLINT AND PORTER MISS THEIR BROTHER DEARLY AND ARE DOING THEIR BEST TO GRIEVE HEALTHILY. THE FOUNDATION PROVIDED THE BOYS AND THEIR FRIENDS WITH THE ULTIMATE TAILGATE AND WATCH PARTY, COMPLETE WITH DECORATIONS, SIGNED FOOTBALLS, FOOD FROM APPLEBEES AND MORE TO WATCH THE DETROIT LIONS DEFEAT THE JACKSONVILLE JAGUARS 40 TO 14. FOUNDATION ALSO PROVIDED THREE GIRLS, KAYLIE, MALIAH, AND NIEMA, WITH A GAME DAY WATCH PARTY AT THEIR HOME IN MICHIGAN ON SUNDAY, DECEMBER 18, 2022. THE GIRLS LOST THEIR COUSIN IN AN ACCIDENT RECENTLY AND ARE DOING THEIR BEST TO GRIEVE HEALTHILY. THE FOUNDATION PROVIDED THE GIRLS AND THEIR MOM WITH THE ULTIMATE TAILGATE WATCH PARTY, COMPLETE WITH DECORATIONS, SIGNED FOOTBALLS, FOOD FROM APPLEBEES AND MORE TO WATCH THE DETROIT LIONS TAKE DOWN THE NEW YORK JETS IN 4TH QUARTER. THE GIRLS ALSO RECEIVED A SPECIAL VIDEO MESSAGE FROM FRANK AND A VISIT FROM LUCY RAGNOW AT THEIR HOME.

Program 3

Expenses: $35,002

GENERAL ASSISTANCE IN FOSTERING A LOVE OF THE OUTDOORS IN CHILDREN AND THEIR FAMILIES BY SHARING THE POWER OF THE OUTDOORS TO HEAL AND BOND FAMILIES TOGETHER.

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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 (2022)

Revenue Breakdown

Contributions & Grants $78,069

Program Service Revenue $0

Investment Income $0

Other Revenue $64,524

TOTAL REVENUE $142,593

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $68,310

Program Expenses $50,465

Other Expenses $131,704

TOTAL EXPENSES $131,704

Year-over-Year Comparison

	2022	2021	Change
Revenue	$142,593	N/A	N/A
Expenses	$131,704	N/A	N/A
Net Income	$10,889	N/A	N/A

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

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
FRANK RAGNOW	PRESIDENT	3.00	Officer Director	$0	$0	$0
JACK RAGNOW	DIRECTOR	1.00	Director	$0	$0	$0
KATIE RAGNOW	DIRECTOR	1.00	Director	$0	$0	$0
LUCY RAGNOW	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
MADDIE RAGNOW	DIRECTOR	1.00	Director	$0	$0	$0
MARTY RAGNOW	SEC / TREAS	3.00	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
2022	$142,593	$131,704	$10,889	$10,889