THE RAGS REMEMBERED FOUNDATION INC

EIN: 881899773 501(c)(3) Human Services

FLORENCE, KY

Total Revenue
$142,593
Total Expenses
$131,704
Total Assets
$10,889
Net Assets
$10,889
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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
MN
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.

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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%)

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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

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Governance

Voting Members
6
Independent Members
6
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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
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
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