RAGS TO RICHES ANIMAL RESCUE INC

EIN: 882294769 501(c)(3) Animal-Related

TAMPA, FL

Total Revenue
$632,124
Total Expenses
$756,825
Total Assets
$38,429
Net Assets
$38,429
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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
FL
Phone
8136957829
Tax Period
2024-01-01 to 2024-12-31

RAGS TO RICHES ANIMAL RESCUE INC, founded in 2022, is a small nonprofit in the Animal-Related sector that reported $632K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $757K exceeded revenue, resulting in a 20% operating deficit.

Mission

Animal Rescue

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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 (2024)

Revenue Breakdown

Contributions & Grants $632,124
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $632,124

Expense Breakdown

Grants Paid $0
Salaries & Benefits $46,223
Fundraising Expenses $0
Program Expenses $756,825
Other Expenses $710,602
TOTAL EXPENSES $756,825

Year-over-Year Comparison

2024 2023 Change
Revenue $632,124 $530,568 +0.2%
Expenses $756,825 $377,226 +1.0%
Net Income $-124,701 $153,342 -1.8%
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

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Governance

Voting Members
3
Independent Members
3
Employees
3
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
$36,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dominique Amerosa President 40.00
Officer
$24,000 $0 $24,000
Patricia Amerosa Vice President 40.00
Officer
$12,000 $0 $12,000
James Amerosa Treasure 5.00
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
2024 $632,124 $756,825 $38,429 $-124,701
2023 $530,568 $377,226 $163,130 $153,342
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